VIL - Village Main Reef Limited - Village receives Section 11 approval for

VIL - Village Main Reef Limited - Village receives Section 11 approval for      
the acquisition of Cons Murch                                                   
VILLAGE MAIN REEF LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(formerly known as Village Main Reef Gold Mining Company (1934) Limited)        
(Registration number 1934/005703/06)                                            
JSE Share Code: VIL   ISIN: ZAE000154761                                        
("Village" or the "company")                                                    
VILLAGE RECEIVES SECTION 11 APPROVAL FOR THE ACQUISITION OF CONS MURCH          
Village is pleased to announce that it has received Section 11 approval from    
the South African Department of Mineral Resources ("DMR") for the acquisition   
of 74% of Consolidated Murchison Mine (Pty) Limited ("Cons Murch"), which       
owns the Cons Murch Mine, from To The Point Growth Specialists (Pty) Limited    
("TTP").                                                                        
Village shareholders approved the acquisition of Cons Murch from TTP during     
March 2011. TTP initially acquired Cons Murch from Metorex Limited              
("Metorex") in 2010. On acquisition Metorex held an old order mining right      
and Village assumed responsibility to obtain conversion of the old order        
mining right to a new order mining right, before application could be made to   
the DMR for section 11 approval for the acquisition from Metorex. Section 11    
approval was the last remaining condition to the acquisition by TTP and the     
subsequent acquisition by Village of Cons Murch from Metorex.                   
Mr Marius Saaiman, joint CEO said: "This is an important milestone for          
Village as we are now the legal owners of the new order mining right allowing   
us full flexibility in dealing with this asset. The DMR was most helpful        
during the conversion process and we thank them for their support and           
guidance throughout this important process."                                    
01 June 2012                                                                    
Sponsor                                                                         
Java Capital                                                                    
Investor relations                                                              
Vestor                                                                          
Date: 01/06/2012 08:30:01 Supplied by www.sharenet.co.za                     
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