RNS Number:3140R
Cluff Mining PLC
27 October 2003



                               CLUFF MINING PLC

               Corporate Loan Facility with Standard Bank London

Cluff Mining PLC ("Cluff") announces that it has signed a mandate letter with
Standard Bank London Limited ("Standard") for a Rand 40 million (US$5.7 million)
one year loan facility (the "Facility"), whose terms include the following.


*    Interest accrues at JIBAR (currently 8.5%) plus 3.5%

*    Cluff will grant Standard one million warrants to subscribe for
     ordinary shares in Cluff at a price of #1.20 per share for a period of 
     three years

*    Cluff will grant Standard a right of first refusal to arrange the debt
     financing of its Blue Ridge Project


The Facility will provide finance for Cluff's ongoing exploration and
pre-development activities on Cluff's South African platinum group metal
projects and replaces the convertible loan facility (ECU) from RMB International
(Dublin) Limited and RMB Resources Limited ("RMB") of US$4 million plus accrued
interest of US$1.3 million which was repaid on 29 August 2003.


Shareholder approval for a replacement convertible loan from RMB was obtained on
28th August 2003 but the Directors of Cluff considered that the terms of that
facility were over-dilutive for shareholders and declined the offer from RMB.


Detailed loan documentation is at an advanced stage of drafting and it is
expected that first drawdown will be before the end of November.


Cluff is on track to complete the feasibility study into its Blue Ridge project
by the end of October. SRK Consulting will complete an independent review of the
feasibility study by the end of November. The Phase II exploration drilling
programme on Cluff's Sheba's Ridge project is expected to be completed shortly
and the Company plans to issue a progress report on Sheba's Ridge at the end of
November.




ENQUIRIES:


Cluff Mining PLC                                       Tel: +44 20 7495 2030
Donald McAlister, Finance Director


College Hill Associates                                Tel: +44 20 7457 2020
Mark Garraway














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