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Keh - Keaton Energy Increases Sterkfontein Project Area By 71%

Release Date: 07/04/2009 14:17:02      Code(s): KEH
KEH - Keaton Energy Increases Sterkfontein Project Area By 71%                  
Keaton Energy Holdings Limited                                                  
(formerly Tricoal Holdings Limited)                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/011090/06)                                            
JSE share code: KEH     ISIN: ZAE000117420                                      
("Keaton Energy")                                                               
KEATON ENERGY INCREASES STERKFONTEIN PROJECT AREA BY 71%                        
Keaton Energy is pleased to announce that it has reached agreement on a         
transaction which, on conclusion, will add 2 844 hectares of prospecting rights 
to its 4 009-hectare Sterkfontein Project ("the acquisition") - an increase of  
71%.                                                                            
Keaton Energy Managing Director Paul Miller said: "Importantly, the addition -  
referred to as the Sterkfontein Extension Prospecting Right - `fills out` the   
areas between Sterkfontein`s North 2 and South Blocks, marking a big step       
towards delivery on our stated strategy to consolidated our existing projects." 
Keaton Energy has already drilled 132 boreholes - a total of 25 000 metres - on 
the original 4 009-hectare Sterkfontein property, from which it has declared a  
total coal resource of 34.8 million tonnes ("Mt"), 17.5Mt in the indicated      
category in the North 1 and 2 blocks and 17.3Mt in the measured category in the 
South Block.  Results indicated that 50% is export coal and 33% domestic steam  
coal.                                                                           
Miller says the acquisition includes data from a recently completed, 25-hole    
drilling programme, which will give Keaton Energy a six-month head-start on     
exploration of the additional 2 844 hectares.                                   
The acquisition, which is subject to Ministerial Consent in terms of Section 11 
of the Mineral and Petroleum Resources Development Act, involves  Keaton Energy 
acquiring a 74% interest in Labohlano Trading 46 (Pty) Limited, holder of the   
Sterkfontein Extension Prospecting right, from Money Box Investments 156 (Pty)  
Limited ("Money Box"), for an undisclosed amount.                               
Money Box is owned by a broad-based consortium that includes black              
professionals, the investment arm of the South African Women in Mining          
Association and local community members.                                        
This voluntary announcement has been released for shareholder information       
purposes only as the acquisition is not categorised in terms of the JSE Limited 
Listings Requirements. A diagram of the respective prospecting rights is        
available on www.keatonenergy.co.za.                                            
Bryanston                                                                       
7 April 2009                                                                    
Sponsor                                 Attorneys                               
Nedbank Capital                         Routledge Modise                        
Date: 07/04/2009 14:17:02 Supplied by www.sharenet.co.za                     
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