MRF
MRF                                                                             
MRF - Merafe Resources - Changes To The Merafe Resources Executive Management   
MERAFE RESOURCES LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/003452/06                                             
Share Code: MRF                                                                 
ISIN: ZAE000060000                                                              
(Merafe Resources or the Company)                                               
CHANGES TO THE MERAFE RESOURCES EXECUTIVE MANAGEMENT                            
In terms of section 3.59 of the JSE Limited Listings Requirements, notification 
is hereby given that Steve Phiri will be stepping down as the Chief Executive   
Officer of Merafe Resources with effect from 31 March 2010 but will continue as 
a non-executive director of the Company. Steve will become the first Chief      
Executive Officer of the Royal Bafokeng controlled platinum company which has as
its main assets the currently operating Bafokeng Rasimone Platinum Mine and the 
adjacent Styldrift project, which he joins with effect from 1 April 2010.       
Stuart Elliot, the Company`s current Chief Financial Officer (CFO) will become  
the new Chief Executive Officer (CEO) with effect from 1 April 2010. Stuart has 
been with the Company for over nine years and involved in all aspects of the    
business. "Together with his experience and the experience of the established   
executive and management team at Merafe Resources, we envisage a smooth         
transition and see the Company going from strength to strength. We wish Stuart  
every success in his new role", said Chris Molefe, Chairman of Merafe Resources.
Discussions are at an advanced stage on the appointment of a new CFO and it is  
anticipated that the appointment of the new CFO will be announced prior to 31   
March 2010, being the last day of office of the current CEO.                    
The Company`s board of directors (the Board) would like to thank Steve for his  
contribution to the Company as CEO and wish him well in his new role within the 
Royal Bafokeng group. The Board looks forward to his continued positive         
contribution as a non-executive director.                                       
Sandton                                                                         
10 March 2010                                                                   
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Ltd                                              
Date: 10/03/2010 13:00:01 Produced by the JSE SENS Department.                  
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