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Fri 26 Aug 2005, 8:41 Mvelaphanda Resources Limited - Clarification Of T
Mvelaphanda Resources Limited - Clarification Of Trading Statement              
MVELAPHANDA RESOURCES LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1980/001395/06)                                            
Share code:  MVL ISIN:  ZAE000050266                                            
(`Mvela Resources`)                                                             
CLARIFICATION OF TRADING STATEMENT                                              
Shareholders are referred to the trading statement dated 25 August 2005 in which
shareholders were notified that Mvela Resources` earnings per share (eps) and   
headline earnings per share (heps) for the year ended 30 June 2005 would be     
between 210% and 230% over that of the nine months ended 30 June 2004, reported 
last year.                                                                      
Mvela Resources would like to clarify that this range in numerical figures      
implies eps and heps of approximately6 100 cents per share and 120 cents per    
share for the year ended 30 June 2005, compared with negative eps of 89.75 cents
per share and negative heps of 96.14 cents per share in the nine months ended 30
June 2004.                                                                      
Johannesburg                                                                    
26 August 2005                                                                  
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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