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Wed 22 Nov 2006, 15:07 Matodzi - Trading statement
MTZ
 MTZ                                                                             
Matodzi - Trading statement                                                     
MATODZI RESOURCES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1933/004523/06)                                            
Share Code : MTZ & ISIN : ZAE000042412                                          
("Matodzi")                                                                     
TRADING STATEMENT                                                               
Matodzi is expecting earnings of between 80 and 83 cents per share, and headline
loss between 4 and 6 cents per share for the period ended 30 September 2006.    
Matodzi previously reported a headline loss of 21.2 cents per share for the     
comparative period.                                                             
The information in this trading statement has not been reviewed by Matodzi"s    
auditors. Matodzi is expecting to publish its interim results for the period    
ended 30 September 2006 on or about 30 November 2006.                           
Johannesburg                                                                    
22 November 2006                                                                
Sponsor                                                                         
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Date: 22/11/2006 03:07:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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