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Extension of Agreements – Acquisition of DRC Oil Concessions

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11 May 2010

SACOIL HOLDINGS LIMITED

(Formerly SA Mineral Resources Corporation Limited)

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

Share code: SCL and ISIN: ZAE000127460

("SacOil")

Extension of Agreements – Acquisition of DRC Oil Concessions

Further to the circular dated 24 October 2008, shareholders are advised that the agreements in relation to the acquisition of the Democratic Republic of the Congo oil concessions by the company have been further extended to 31 May 2010.

11 May 2010

Sponsor

SASFIN CAPITAL