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Mon 24 Jul 2006, 16:31 Scharrig Mining Limited - Exercise of Share Option
SCN
 SCN                                                                             
Scharrig Mining Limited - Exercise of Share Options by Directors                
SCHARRIG MINING LIMITED                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1992/001973/06)                                            
(Share code: SCN & ISIN:  ZAE000006474)                                         
("Scharrig" or "the Company")                                                   
EXERCISE OF SHARE OPTIONS BY DIRECTORS                                          
Vunani Corporate Finance (Pty) Limited is authorised to announce that as at 24  
July 2006, the following exercised share options in the Company:                
Director           Allot at 275  Value (R)                                      
                   cents                                                        
C Moorcroft        100 000       275 000                                        
J Holland          100 000       275 000                                        
All options were exercised on ordinary shares, and clearance was obtained prior 
to the exercising of the options.  The shares are directly and beneficially     
held.                                                                           
Boksburg                                                                        
24 July 2006                                                                    
Sponsor                                                                         
Vunani Corporate Finance (Pty) Limited                                          
Date: 24/07/2006 04:31:50 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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