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Thu 24 Aug 2006, 7:30 Mvelaphanda Resources Limited - Cautionary Announc
MVL
 MVL                                                                             
     Mvelaphanda Resources Limited - Cautionary Announcement                    
     MVELAPHANDA RESOURCES LIMITED                                              
     (Registration number:  1980/001395/06                                      
Incorporated in the Republic of South Africa                               
     Share code:  MVL                                                           
     ISIN number:  ZAE000050266                                                 
     CAUTIONARY ANNOUNCEMENT                                                    
Shareholders are advised that Mvela Resources is in discussions with a     
     broad-based black empowerment consortium which, if successfully concluded, 
     will result, inter alia, in empowerment entities holding more than 50% of  
     Mvela Resources" issued shares. As these discussions may have a material   
effect on the price of Mvela Resources" shares if successfully concluded,  
     shareholders are advised to exercise caution when dealing in Mvela         
     Resources" shares until a further announcement is made.                    
     Sandton                                                                    
23 August 2006                                                             
     Attorneys                                                                  
     Bowman Gilfillan Inc                                                       
     (Registration Number 1998/021409/21)                                       
Sponsor                                                                    
     PricewaterhouseCoopers Corporate Finance (Proprietary) Limited             
     (Registration Number 1970/003711/07)                                       
Date: 24/08/2006 07:30:03 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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