Central Operations Update

Weatherly International plc

('Weatherly' or the 'Company')

Central Operations Update

HIGHLIGHTS

·; Commencement of mining at both Otjihase and Matchless.

·; Commissioning of concentrator expected to start by end of month.

·; Letter of Intent with prime contractor Breda Mining Contractors ('BMC') to maintain and operate the concentrator.

Weatherly is pleased to announce that mining activities have resumed at both the Matchless and Otjihase mines, with more than 200 people working at the sites. Ore is being blasted and stockpiled in advance of the concentrator being re-started later in the month for an initial commissioning run.

The Company intends, after the initial commissioning run to debug the plant, to commence normal operations at the concentrator by mid-February. Thereafter production will increase steadily and overall output for calendar year 2011 is expected to be between 4,500-5,000t of contained copper.

Furthermore, Weatherly has signed a Letter of Intent with local contractor BMC to maintain and operate the concentrator and other fixed plant on surface and underground at Otjihase.

For further information please contact:

Rod Webster, Chief Executive Officer Weatherly International Plc

+44 (0) 20 7917 2989

Samantha Harrison / Jen Boorer, Ambrian Partners Limited

+44 (0) 20 7634 4700

 Carina Corbett, 4C Communications Limited+44 (0) 20 3170 7973