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Keh - Keaton Energy Declares 25.9 Million Tonne Coal Reserve For Delmas Project

Release Date: 13/05/2009 09:30:02      Code(s): KEH
KEH - Keaton Energy Declares 25.9 Million Tonne Coal Reserve for Delmas Project 
Keaton Energy Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/011090/06)                                            
JSE share code: KEH & ISIN: ZAE000117420                                        
("Keaton Energy" or "the company")                                              
KEATON ENERGY DECLARES 25.9 MILLION TONNE COAL RESERVE FOR DELMAS PROJECT       
Keaton Energy has declared a 25.9 million tonne coal reserve for its 74%-held   
Delmas Project in South Africa`s Mpumalanga Province - 24.3 million tonnes in   
the proved category and 1.6 million tonnes in the probable category.            
The declaration is contained in an updated SAMREC-compliant Reserve and Resource
Statement released by the company following further exploration drilling on the 
project and the completion of a feasibility study.                              
The feasibility study found that, after the application of modifying factors,   
the majority of the shallow bituminous coal of the No. 5, No. 4 and No. 2 Seam  
resource could be converted to a reserve.                                       
The updated mineable in situ coal resource estimate for the project is 163.4    
million tonnes; inclusive of the 25.9 million tonne reserve.                    
Keaton Energy Managing Director Paul Miller said: "The conversion of coal       
resource to coal reserve is very significant; it shows that the project is      
robust and it takes us a major step towards bringing Delmas into production."   
Note: the detailed May 2009 Coal Resource and Reserve Statement for both the    
Delmas and Sterkfontein projects is available on Keaton Energy`s website,       
www.keatonenergy.co.za.                                                         
Bryanston                                                                       
13 May 2009                                                                     
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 13/05/2009 09:30:02 Supplied by www.sharenet.co.za                     
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