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MVL
 MVL                                                                             
Mvela Resources - Further Cautionary Announcement                               
MVELAPHANDA RESOURCES LIMITED                                                   
(Registration number:  1980/001395/06                                           
Incorporated in the Republic of South Africa                                    
Share code:  MVL                                                                
ISIN number:  ZAE000050266                                                      
("Mvela Resources")                                                             
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 24 August 2006, shareholders are   
advised that negotiations are still in progress which, if successfully          
concluded, may have a material effect on the price of Mvela Resources" shares.  
Accordingly, shareholders are advised to continue exercising caution when       
dealing in Mvela Resources" shares until a further announcement is made.        
Sandton                                                                         
5 October 2006                                                                  
Attorneys                                                                       
Bowman Gilfillan Inc                                                            
(Registration Number 1998/021409/21)                                            
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration    
Number 1970/003711/07)                                                          
Date: 05/10/2006 10:20:02 AM Produced by the JSE SENS Department                
                                                                                
                                                                                

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