VIL - Village Main Reef Limited - Reinstatement of workers at

VIL - Village Main Reef Limited - Reinstatement of workers at                   
Consolidated Murchison Mine ("Cons Murch").                                     
Village Main Reef Limited                                                       
(formerly known as Village Main Reef Gold Mining Company (1934) Limited)        
(Registration number 1934/0057034/06)                                           
Share Code: VIL                                                                 
ISIN: ZAE000154761                                                              
("Village")                                                                     
Reinstatement of workers at Consolidated Murchison Mine ("Cons Murch").         
With reference to the announcement released on the Securities Exchange          
News Service of the JSE Limited on 22 September 2011, Village has, with         
effect from the commencement of the night shift of 11 October 2011,             
reinstated all 849 employees, being members of the National Union of            
Mineworkers (`NUM`), dismissed for participating in unprotected strike          
action in the form of a go-slow campaign at Cons Murch.                         
An agreement has been concluded between Village and NUM in terms of             
which, inter alia, Village has agreed to re-instate all 849 dismissed           
employees; lost production will be worked in by those reinstated                
employees and "behavioural" problems at Cons Murch are to be jointly            
addressed by the parties. Management has also reserved its right to take        
action against those employees who are responsible for initiating the go-       
slow campaign.                                                                  
The mine has lost 17 of the 63 working days for the quarter.                    
Full production at the mine is due to resume today.                             
Contacts:                                                                       
Village CEO - Bernard Swanepoel                                                 
bernard@villagemainreef.co.za                                                   
083 303 9922                                                                    
Vestor Media and Investor Relations                                             
Louise Brugman                                                                  
louise@vestor.co.za                                                             
011 787 3015                                                                    
083 504 1186                                                                    
12 October 2011                                                                 
Sponsor                                                                         
Java Capital                                                                    
Date: 12/10/2011 15:25:08 Supplied by www.sharenet.co.za                     
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