TBX - Thabex Limited - Update to shareholders

TBX - Thabex Limited - Update to shareholders                                   
Thabex Limited                                                                  
Incorporated in the Republic of South Africa                                    
(Registration number 1988/000763/06)                                            
Share code: TBX   ISIN: ZAE000013686                                            
("Thabex" or "the Company")                                                     
Young Lions Exploring Africa                                                    
UPDATE TO SHAREHOLDERS                                                          
Angel Diamonds Proprietary Limited ("Angel Diamonds") (in liquidation)          
Shareholders are referred to the announcements released on SENS on 1            
December 2011 and 9 December 2011 and are advised that additional theft         
charges have been brought against Messrs Mosebo and Engelbrecht on 13           
January 2012 for the unauthorised removal from site of substantially all        
of Angel Diamonds` plant and equipment, which it appears occurred prior         
to 30 September 2011 when a second provisional liquidation (Case Number         
CIV/PET/01/2011 - "the Case") was brought and granted against Angel             
Diamonds. The Case will be heard in the High Court of Lesotho on 30 March       
2012.                                                                           
Thabex and other interested parties have to date not received any               
feedback from the Lesotho Royal Mounted Police, Diamond Squad                   
Headquarters in Maseru, about the first theft charge concerning the             
disappearance of approximately 1000 carats of rough diamonds. The Company       
and other interested parties have requested the Public Prosecutor of            
Lesotho to determine the reasons for the delay in investigating and             
prosecuting the theft of the rough diamonds and have also brought to his        
attention the additional theft charges.                                         
Johannesburg                                                                    
17 January 2012                                                                 
Sponsor                                                                         
Merchantec Capital                                                              
Date: 17/01/2012 15:56:14 Supplied by www.sharenet.co.za                     
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