Sable Mining Africa Regulatory News (SBLM)

Sable Mining Africa Ltd/ Index: AIM / Epic: SBLM / Sector: Natural Resources

18 March 2011

Sable Mining Africa Limited ('Sable Mining' or 'the Company')

Update on Delta Mining Consolidated

Sable Mining Africa Limited, the AIM listed resource company, is pleased to announce an update regarding its previously announced proposed acquisition of Delta Mining Consolidated Limited ('DMC').

Regulatory approval of the acquisition has been received from the Department of Mineral Resources in South Africa but a number of other conditions precedent to completion of the acquisition remain outstanding. Sable Mining and DMC are actively working towards the satisfaction of these conditions.

The board of Sable Mining has also become aware that DMC had a different interest in Springbok Flats coal project in South Africa than that which was announced by the Company at the time of its acquisition of a 29.3% holding in DMC in February 2010. Following further discussions with the management of DMC, it has been clarified that the heads of agreement entered into by DMC in September 2009 proposed that DMC would earn (by paying for certain works and studies) up to a 51% interest in a special purpose company which would hold 70% of the Springbok Flats project.

DMC management are in advanced discussions directly with the tribal authorities on a new arrangement which will involve obtaining a 70% participation in the Springbok Flats project.

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