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Rsg - Resource Generation Limited - Rail Link Route Confirmed

Release Date: 31/01/2011 11:01:02      Code(s): RSG
RSG - Resource Generation Limited - Rail Link Route Confirmed                   
Resource Generation Limited                                                     
ACN 059 950 337                                                                 
(Incorporated and registered in Australia)                                      
(Registration number ACN 059 950 337)                                           
Share code on the JSE Limited: RSG      ISIN: AU000000RES1                      
Share code on the Australian Stock Exchange Limited: RES ISIN: AU000000RES1     
(JSE short name: "Resgen")                                                      
Rail Link Route Confirmed                                                       
Resgen has arranged access for its proposed rail link route from the            
Boikarabelo mine to the existing Transnet rail line in the Waterberg region of  
South Africa.                                                                   
The route is highlighted as Route Option 3 and is 36 kilometres in length,      
shorter than the originally anticipated 45 kilometre link. The map showing the  
route can be located on the following link:                                     
Rail link route confirmed                                                       
Three farms are being acquired for a total cash consideration of ZAR67.5        
million (approx A$10 million). ZAR21.1 million was paid in the last quarter     
and the balance is expected to be settled in the current quarter. Agreements    
have been signed to acquire an additional farm or a servitude across the farm.  
Agreements have been reached for the granting of rail servitudes with the two   
corporate owners of land for the balance of the rail link. These agreements     
will be formalised after securing necessary regulatory and environmental        
approvals for the entire route, the application for which was recently lodged   
and is expected to take 6 months to be received.                                
Sydney, Australia                                                               
31 January 2011                                                                 
Contacts                                                                        
Paul Jury, Managing Director on (02) 9376 9000                                  
Steve Matthews, Company Secretary on (02) 9376 9000                             
Media enquiries                                                                 
Anthony Tregoning (02) 8264 1000                                                
JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited                   
Date: 31/01/2011 11:01:02 Supplied by www.sharenet.co.za                     
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