Rights Offer Circular posted to shareholders

PALLINGHURST RESOURCES LIMITED

(Previously Pallinghurst Resources (Guernsey) Limited)
(Incorporated in Guernsey)
(Guernsey registration Number: 47656)

(South African external company registration number 2009/012636/10)

Share code on the BSX: PALLRES      ISIN: GG00B27Y8Z93
                      Share code on the JSE: PGL
("Pallinghurst" or the "Company")


Mailing of Rights Offer Circular                                                           
Shareholders are informed that Pallinghursts Rights Offer Circular has been mailed to shareholders. The Rights Offer Circular is also available on the Pallinghurst website www.pallinghurst.com. 

Guernsey   

                                                                 
2 July 2012


Sponsor                                                                         
Investec Bank Limited














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