TRANS HEX - SECOND QUARTER 2000 FOR 6 MONTHS ENDED SEPTEMBER 30, 1999

TRANS HEX GROUP LIMITED

SECOND QUARTER 2000 - FOR THE SIX MONTHS ENDED SEPTEMBER 30, 1999

TORONTO, CANADA - TRANS HEX INTERNATIONAL LTD. (TSE: THI) TODAY ANNOUNCED THE
RESULTS OF ITS OPERATIONS FOR THE SIX MONTHS ENDED SEPTEMBER 30, 1999.
A PROGRAM OF WIDELY SPACED DRILLING ON PUBLIC AND FARM ROADS OF THE BARRA
GRANDE PENINSULA, BRAZIL HAS INDICATED THAT SEVERAL GRAVEL BODIES EXTEND ACROSS
THE PENINSULA AND THAT POTENTIAL GRAVEL VOLUMES ARE IN EXCESS OF 100 MILLION
CUBIC METRES. AN AREA OF PRIORITY INTEREST, MEASURING 8.5 KILOMETRES BY 4.5
KILOMETRES HAS BEEN DEFINED AND SYSTEMATIC DRILLING ON 500 METRE CENTRES TO
BETTER DEFINE THE NATURE OF THE GRAVEL BODIES IS IN PROGRESS. THIS WILL BE
FOLLOWED BY A THIRD PHASE OF DETAILED DRILLING, EXPECTED TO INCLUDE AT LEAST
150 HOLES ON REDUCED CENTRES, TO DEFINE THE BEST SITES FOR BULK SAMPLING.
SEVERAL AGREEMENTS WITH FARMERS ON THE PENINSULA ARE IN THE FINAL STAGES OF
NEGOTIATION, WITH 11 AGREEMENTS NOW SIGNED.

THE DISPUTE WITH THE FARM OWNER IN RESPECT OF ACCESS AND COMPENSATION PAYMENTS
WHICH HAS DELAYED THE BULK SAMPLING ON THE NORTHBANK PROJECT, NAMIBIA, WAS THE
SUBJECT OF AN APPEAL HEARING IN THE HIGH COURT ON OCTOBER 25, 1999. DUE TO A
TECHNICAL FAULT IN THE HEARING OF EVIDENCE AT THE MINERALS ANCILLARY RIGHTS
COMMISSION, THE APPEAL JUDGE DECLARED THE AWARD A NULLITY. THIS WILL RESULT IN
A FURTHER DELAY SINCE ANOTHER COMMISSION HEARING WILL BE REQUIRED. NEGOTIATIONS
WITH THE LANDOWNER TO SETTLE THE DISPUTE OUT OF COURT ARE IN PROGRESS.
ON THE SKELETON COAST OF NAMIBIA, A DETAILED MARINE BATHYMETRIC AND SEISMIC
SURVEY OF THE SWALLOW BREAKERS FEATURE BY OCEAN DIAMOND MINING, THE APPOINTED
CONTRACTOR, HAS COMMENCED. IN BOTSWANA, PREPARATIONS HAVE ALSO COMMENCED TO
DRILL A TEST HOLE INTO A FIRST ORDER MAGNETIC ANOMALY OF 1 KILOMETRE DIAMETER.
THIS CIRCULAR ANOMALY ON THE RAINBOW PROPERTY IS ON THE MARGIN OF THE KAAPVAAL
CRATON, SOME 140 KILOMETRES NORTHWEST OF ORAPA AND POTENTIALLY REPRESENTS A
KIMBERLITE OF 80 HECTARE EXTENT.

DURING THE SIX MONTHS UNDER REVIEW THE COMPANY INCURRED A NET OPERATING LOSS OF
$471,000 (1999: $1,186,000), WHILE EXPLORATION AND DEVELOPMENT EXPENDITURE
CAPITALISED TOTALLED $606,000 (1999: $692,000), THE MOST MATERIAL COMPONENT
BEING $528,000 INCURRED ON THE BARRA GRANDE PROJECT IN BRAZIL. THE LOAN FROM
RELATED PARTY IS DUE TO THE COMPANY'S PRINCIPAL SHAREHOLDER, TRANS HEX GROUP,
FOR CERTAIN EXPENDITURE INCURRED ON ITS BEHALF. THE LOAN, WHICH IS DENOMINATED
IN CANADIAN DOLLARS, IS INTEREST FREE AND SUBJECT TO NO FIXED REPAYMENT TERMS.
TRANS HEX GROUP HAS UNDERTAKEN NOT TO SEEK REPAYMENT OF THE LOAN BEFORE MARCH
31, 2000.

TRANS HEX INTERNATIONAL IS AN INTERNATIONAL DIAMOND EXPLORATION COMPANY WITH
INTERESTS IN EXPLORATION PROJECTS AND JOINT VENTURES IN NAMIBIA, BRAZIL,
BOTSWANA AND ZIMBABWE. THE PRINCIPAL SHAREHOLDER OF THE COMPANY IS TRANS HEX
GROUP LIMITED, A SOUTH AFRICAN PRODUCER OF HIGH QUALITY GEM DIAMONDS, WITH WELL
ESTABLISHED INDEPENDENT DIAMOND MARKETING FACILITIES. THE DESIGN AND CONDUCT OF
THE COMPANY'S EXPLORATION PROGRAMS IS THE RESPONSIBILITY OF MR. PETER WALKER, A
PROFESSIONAL GEOLOGIST REGISTERED WITH THE SOUTH AFRICAN COUNCIL FOR NATURAL
SCIENTIFIC PROFESSIONS.
FOR FURTHER INFORMATION PLEASE CONTACT:
D.M. (NIEL) HOOGENHOUT - PRESIDENT AND C.E.O.
                         TEL +1.416.363-5440
                         FAX +1.416.363-6506
                         E-MAIL INFO@TRANSHEX.COM
PETER W.A. WALKER - VICE PRESIDENT, EXPLORATION
                         TEL +27.21.92-1105
                         FAX +27.21.92-0711

                         E-MAIL PETERW@TRANSHEX.CO.ZA
STEPHEN WOODHEAD - CHIEF FINANCIAL OFFICER
                         TEL +1.416.363-5440
                         FAX +1.416.363-6506

                         E-MAIL SWOODHEAD@TRANSHEX.COM