Sharenet Sites 
Sharenet Sites
TSX - Trans Hex Group Limited - News Update TRANS HEX GROUP LIMITED Incorporated in the Republic of South Africa Registration number (1963/007579/06) Share code: TSX and NSX: THX ISIN: ZAE000018552 ("Trans Hex") NEWS UPDATE Trans Hex is pleased to provide an update on its latest diamond sale and various matters pertaining to the Group. TENDER SALE - JULY 2008 The 2008 calendar year has seen a significant strengthening in rough diamond prices in all categories but particularly in the large high quality stones which constitute the bulk of the Trans Hex Production. The total value of the Trans Hex July sale was 11 823 carats generating a revenue of just under US $17 million. The average price was US $1426/carat. 6 Stones sold for in excess of US $20 000 per carat with a 27 carat Baken stone achieving US $50 000 per carat and a 13 carat Baken stone receiving US $40 000 per carat. In total 45 stones in excess 10 carats were sold during the sale. OPERATIONAL RESPONSIBILITY - FUCAUMA MINE - ANGOLA As announced on 7 May 2008, the members of the Fucauma Association have granted Trans Hex operational responsibility for the Fucauma mine for a period of four years. The comprehensive recovery plan for the project is being actively implemented and has focused on the appointment of suitably qualified and experienced senior and key management for the operation and the recapitalisation and rebuilding of the mining equipment fleet. Despite the fact that the current earthmoving equipment is largely inoperative, the operation`s production has returned to pre closure levels of approximately 3000 carats/month. Detailed cost analysis and management reporting is currently being implemented which is contributing to Trans Hex`s ability to utilise its considerable expertise in alluvial diamond mining operations, at Fucauma. KIMBERLY CONSOLIDATED MINES LIMITED (KCM) A due diligence into a potential joint venture with KCM in respect to its Carter Block concessions in the Northern Cape Province of South Africa has been concluded. Trans Hex has decided not to pursue a potential joint venture with KCM, as a review of available and new exploration and mineral chemical data, has indicated that the project`s potential was unlikely to meet the Group`s exploration criteria and expectations. Trans Hex Continues to evaluate numerous business opportunities in its current areas of operation as well as suitable entry level projects in new territories within Africa. CHIEF EXECUTIVE OFFICER`S COMMENTS Commenting on the July sale results, the Chief Executive Officer, Llwellyn Delport said: "The outstanding results from our July sale reaffirms Trans Hex`s ability to extract and market high quality rough diamonds from its South African operations and confirms Trans Hex`s place as one of the leading producers of such stones". Cape Town 16 July 2008 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Namibian Sponsor IJG CORPORATE FINANCE (PTY) LTD Date: 16/07/2008 11:45:07 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
