APPOINTMENT OF CHIEF EXECUTIVE OFFICER

 
TIDMMTX 
 
METOREX LIMITED 
 
                (Incorporated in the Republic of South Africa) 
 
                     (Registration number 1934/005478/06) 
 
                                Share code: MTX 
 
                              ISIN: ZAE000022745 
 
                              Issuer code: MEMTX 
 
                  ("Metorex" or "the Company" or "the Group") 
 
                    APPOINTMENT OF CHIEF EXECUTIVE OFFICER 
 
Metorex, the diversified mining group listed on the JSE Limited, is pleased to 
announce that Mr. Terence Philip Goodlace has been appointed as Chief Executive 
Officer and director on the board of directors of Metorex ("the Board") with 
effect from 2 March 2009. 
 
His role will focus on core operations across the Company's base metals, 
precious metals and industrial minerals structure, as well as new project 
development and investor relations. 
 
Terence was most recently Group Chief Operating Officer at Gold Fields Limited, 
overseeing a workforce of some 60,000 employees across nine mining operations 
including deep level and open pit operations. He has extensive experience in 
general management, production, strategy and corporate finance. 
 
Chairman of the Board, Mr Rob Still said; "We welcome Terence on board to lead 
the Company in his new designation as Chief Executive Officer. He brings a 
wealth and diversity of experience to the position and his expertise on the 
ground and `turn-around' experience will help us realise the Company's enormous 
potential. The Board whole heartedly supports his appointment and we look 
forward to an exciting future under his leadership." 
 
Charles Needham will remain an executive director and Managing Director of 
Metorex with specific responsibilities for corporate affairs, including 
government and stakeholder relationship management, corporate governance and 
responsibility for subsidiary board affairs, human resources and project 
development. 
 
Still added; "We operate in some of the most dynamic regions in Africa which 
require extensive relationship management skills, dedication and operational 
excellence. Charles has established significant momentum in the Democratic 
Republic of the Congo and we look forward to his continued support. Our 
priority remains to complete the commissioning and production ramp up at our 
Ruashi II operation. " 
 
The group's refocus strategy means that it has prioritized on the commissioning 
and ramp-up of its Ruashi II operations while maintaining profitability and 
profit growth from core operations. 
 
For further enquiries please contact: 
 
Metorex                   Rob Still                  Tel: [phone] 
 
College Hill              Jacques de Bie             Tel: [phone] 
 
Johannesburg 
 
24 February 2009 
 
Sponsor 
 
Barnard Jacobs Mellet Corporate Finance (Pty) Limited 
 
 
 
END