SAL - Sallies Limited - Re-Opening of Witkop Mine, changes to the executive

SAL - Sallies Limited - Re-Opening of Witkop Mine, changes to the executive     
responsibilities of a director and renewal of cautionary announcement           
Sallies Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1903/001879/06)                                            
Share code: SAL ISIN: ZAE000022588                                              
JSE Code: SALD ISIN: ZAE000117305                                               
("Sallies" or "the Company")                                                    
RE-OPENING OF WITKOP MINE, CHANGES TO THE EXECUTIVE RESPONSIBILITIES OF A       
DIRECTOR AND RENEWAL OF CAUTIONARY ANNOUNCEMENT                                 
Reopening of Witkop Mine                                                        
Further to the SENS announcement dated 19 January 2011 regarding the $8 million 
facility extended to the Company by Maghreb Minerals Plc ("Maghreb"), the       
Sallies board is pleased to announce that Witkop Fluorspar Mine (Proprietary)   
Limited, the Company`s subsidiary, will be re-opening its Witkop Mine following 
successful negotiations with key customers in which sizeable orders have been   
secured.                                                                        
Changes to the executive responsibilities of a director                         
Shareholders are hereby notified that Patrick Cooke has been appointed as the   
Acting Chief Executive Officer of the Company with immediate effect. Patrick has
extensive knowledge of and experience in Sallies` business and will continue    
with his current duties as Financial Director of the Company.                   
Renewal of cautionary announcement                                              
Sallies shareholders and debenture holders are reminded that the proposed       
transaction between Maghreb and Firebird as previously announced on 28 December 
2010 remains conditional and the Sallies shareholders and debenture holders are 
advised to continue to exercise caution when dealing in their shares and        
debentures respectively, until such time as the terms of the mandatory offers   
are published.                                                                  
Johannesburg                                                                    
15 February 2011                                                                
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 15/02/2011 08:58:02 Supplied by www.sharenet.co.za                     
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