MMH - Miranda Mineral Holdings Limited - Withdrawal of cautionary announcement

MMH - Miranda Mineral Holdings Limited - Withdrawal of cautionary announcement  
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")                                                    
Withdrawal of cautionary announcement                                           
Shareholders are referred to the cautionary announcement dated 24 May 2011. The 
board has resolved to discontinue the capital raising that was planned on the   
basis of a claw back offer and rights offer, which involved Global PS Mining    
Investments Company Limited ("Global PS") subscribing for a number of Miranda   
shares in terms of the claw back offer.                                         
As negotiations have been terminated, caution is no longer required to be       
exercised by shareholders when dealing in their securities.                     
The Board is in advance stages of securing short term funding to meet the       
Company`s requirements as an alternative to that part of the funding that would 
have been raised in terms the claw back offer.  Details will be released in due 
course.                                                                         
The board will continue to consider the alternative financing sources at its    
disposal in order to meet the medium- and long-term funding required to develop 
its portfolio of assets, including the possible placement of the 115 million    
authorized but unissued shares under directors` control.                        
Centurion                                                                       
17 June 2011                                                                    
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 17/06/2011 17:15:01 Supplied by www.sharenet.co.za                     
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