MTX
MEMTX                                                                           
MTX - Metorex Limited - Appointment of chief executive officer                  
METOREX LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1934/005478/06)                                            
Share code: MTX                                                                 
ISIN: ZAE000022745                                                              
Issuer code: MEMTX                                                              
("Metorex" or "the Company" or "the Group")                                     
APPOINTMENT OF CHIEF EXECUTIVE OFFICER                                          
Metorex, the diversified mining group listed on the JSE Limited, is pleased to  
announce that Mr. Terence Philip Goodlace has been appointed as Chief Executive 
Officer and director on the board of directors of Metorex ("the Board") with    
effect from 2 March 2009.                                                       
His role will focus on core operations across the Company`s base metals,        
precious metals and industrial minerals structure, as well as new project       
development and investor relations.                                             
Terence was most recently Group Chief Operating Officer at Gold Fields Limited, 
overseeing a workforce of some 60,000 employees across nine mining operations   
including deep level and open pit operations. He has extensive experience in    
general management, production, strategy and corporate finance.                 
Chairman of the Board, Mr Rob Still said; "We welcome Terence on board to lead  
the Company in his new designation as Chief Executive Officer.  He brings a     
wealth and diversity of experience to the position and his expertise on the     
ground and `turn-around` experience will help us realise the Company`s enormous 
potential. The Board whole heartedly supports his appointment and we look       
forward to an exciting future under his leadership."                            
Charles Needham will remain an executive director and Managing Director of      
Metorex with specific responsibilities for corporate affairs, including         
government and stakeholder relationship management, corporate governance and    
responsibility for subsidiary board affairs, human resources and project        
development.                                                                    
Still added; "We operate in some of the most dynamic regions in Africa which    
require extensive relationship management skills, dedication and operational    
excellence.  Charles has established significant momentum in the Democratic     
Republic of the Congo and we look forward to his continued support.  Our        
priority remains to complete the commissioning and production ramp up at our    
Ruashi II operation. "                                                          
The Group`s refocus strategy means that it has prioritized on the commissioning 
and ramp-up of its Ruashi II operations while maintaining profitability and     
profit growth from core operations.                                             
For further enquiries please contact:                                           
Metorex   Rob Still                Tel: 011 438 4100                            
College Hill Jacques de Bie        Tel: 011 447 3030                            
Johannesburg                                                                    
24 February 2009                                                                
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 24/02/2009 15:00:03 Produced by the JSE SENS Department.                  
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