SCL - SACOIL - Extension of agreements - Acquisition of democratic

SCL - SACOIL - Extension of agreements - Acquisition of democratic              
Republic of Congo oil concessions                                               
SACOIL HOLDINGS LIMITED                                                         
(formerly SA Mineral Resources Corporation Limited)                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/000460/06)                                            
Share code: SCL     ISIN: ZAE000127460                                          
("SacOil" or "the company")                                                     
EXTENSION OF AGREEMENTS - ACQUISITION OF DEMOCRATIC R EPUBLIC OF CONGO OIL      
CONCESSIONS                                                                     
Further to the circular dated 24 October 2008, shareholders are advised that the
agreements in relation to the acquisition of the DRC oil concessions by the     
company have been extended to 31 March 2009.                                    
This is the last material outstanding suspensive condition to the acquisition of
the oil concessions.                                                            
Midrand                                                                         
12 January 2009                                                                 
Sponsor                                                                         
SASFIN CAPITAL                                                                  
A division of Sasfin Bank Limited                                               
Date: 12/01/2009 16:47:16 Supplied by www.sharenet.co.za                     
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