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Keh - Keaton Energy Holdings - Vanggatfontein Coal Reserve Increased By 24% To

Release Date: 09/11/2010 10:00:01      Code(s): KEH
KEH - Keaton Energy Holdings - Vanggatfontein coal reserve increased by 24% to  
32.2 Million tonnes                                                             
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"))                                             
VANGGATFONTEIN COAL RESERVE INCREASED BY 24% TO 32.2 MILLION TONNES             
Keaton Energy Holdings Limited (Keaton Energy) has declared a 24% increase in   
the coal reserve of its 74%-held, Mpumalanga-based Vanggatfontein Project to    
32.2 million tonnes - 22.3 million tonnes in the proved category and 9.9        
million tonnes in the probable category.                                        
The declaration is contained in an updated SAMREC-compliant East Resource       
Block: Coal Reserve and Resource Statement released by the company following    
further exploration drilling on the project and completion of a feasibility     
update report.                                                                  
The updated gross tonnes in situ coal resource estimate for the East Resource   
Block is 84.2 million tonnes.                                                   
Keaton Energy Managing Director Paul Miller said: "With the 5-Seam plant        
currently being commissioned, 5-Seam coal being produced from the open pit and  
a run-of-mine stockpile in place, the Vanggatfontein project is well under      
way.  The 2 & 4-Seam plant is under construction with first deliveries to       
Eskom expected in the second quarter of 2011.  We are pleased that this         
updated reserve statement confirms the project`s robustness, and firmly         
supports our current development strategy."                                     
Note: The Vanggatfontein East Resource Block: Coal Resource and Reserve         
Statement referred to in this announcement and which is available on Keaton     
Energy`s website, is an extract from the October 2010 Vanggatfontein East       
Resource Block Resource and Reserve Report.  The Coal Resource estimate and     
classification was prepared by Dr John Hancox of CCIC Coal.  The Coal Reserve   
estimate and classification was prepared Mr JJ Lotheringen of Ukwazi Mining     
Solutions.  Both Dr Hancox and Mr Lotheringen are Competent Persons as defined  
in the SAMREC Code.                                                             
Both Dr Hancox and Mr Lotheringen have provided their consent for the public    
reporting of the Coal Resource and Reserve Statement.                           
Bryanston                                                                       
09 November 2010                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 09/11/2010 10:00:01 Supplied by www.sharenet.co.za                     
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