MMH - Miranda Mineral Holdings Limited - New Chief Executive Officer and

MMH - Miranda Mineral Holdings Limited - New Chief Executive Officer and        
change in Designation of Former CEO                                             
Miranda Mineral Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/001940/06)                                            
Share code: MMH      ISIN: ZAE000074019                                         
("Miranda" or "the Company" or "the Group")                                     
New Chief Executive Officer and Change in Designation of Former CEO             
In compliance with paragraph 3.59 of the Listing Requirements of the JSE        
Limited, shareholders are advised of the following changes to Miranda`s board   
of directors:                                                                   
* Mr Glen Poff, previously a non-executive director of the Company, has been    
appointed as Chief Executive Officer with effect from 14 March 2011.            
* Mr Ron Nel, previously Chief Executive Officer of the Company, is taking up   
the new position of Deputy Chairman with effect from 14 March 2011, and will    
hence remain on the Board in the capacity of non-executive director.            
Background and Rationale                                                        
Strategically, Miranda announced last year that it was considering ways in      
which to strengthen the board and the executive team with the specialised       
skills required to take Miranda into its new development phase. The Group has   
also stated the importance of addressing the matter of succession planning,     
given that the management agreement held by IFC, Ron Nel`s management company,  
expires at the end of February 2012.                                            
The above changes to the Board of Directors provide the Group with the best of  
both worlds:                                                                    
* It allows Miranda to benefit from the skills of Glen Poff, a specialist       
developer of multi-national businesses, at a time when the Group is ready to    
bring the first of its coal development projects to account.                    
* At the same time, the knowledge and experience of Ron Nel, a founder of       
Miranda who played an integral role in building the portfolio of assets in the  
Group, will be available to the Group in a new advisory role.                   
It is envisaged that Messrs Poff and Nel will work closely together over the    
next 12 months to ensure continuity in all existing projects and negotiations.  
The Board thanks Mr Nel for his vision, passion and determined efforts, which   
have seen him build up a portfolio of exciting mineral assets in South Africa   
and Botswana during the last five years. He leaves his office in the knowledge  
that the Group will be appropriately capitalized once the Claw Back Offer (see  
SENS announcement dated 9 March 2011) has been concluded.                       
Centurion                                                                       
14 March 2011                                                                   
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 14/03/2011 14:47:00 Supplied by www.sharenet.co.za                     
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