Petmin announced it has received consent from the South African Department of Mineral Resources for the sale of its SamQuarz silica mine to Thaba Chueu Mining (Pty) Ltd. (Thaba). The sale remains subject to a Competition Tribunal appeal by Petmin and Thaba against a decision by the Competition Commission to prohibit the sale. Petmin announced on 13 September 2011 that it had sold SamQuarz to Thaba for R259 million (plus all profits made after 1 July 2011 until closing of the transaction) subject to approval from the Competition Commission and the Department of Mineral Resources. A formal notice was filed with the Competition Tribunal by Petmin and Thaba on Friday 27 January 2012, asking the Tribunal to reconsider the Commission's decision. It is anticipated that the legal process before the Tribunal will take approximately six months. During this time, Petmin will continue to operate SamQuarz as a profitable and productive mining business. Shareholders are reminded that Petmin trades under a cautionary, and this announcement is not related to the cautionary.