Pallinghurst Resources Releases Name Change Timetable

HAMILTON, Bermuda - 24 April, 2009 - Pallinghurst Resources (Guernsey) 
Limited (Ticker: PALLRES.BH) has released a Name Change Circular 
disclosing the timetable for the change of name and details of pending 
Extraordinary General Meeting.

NAME CHANGE CIRCULAR                                                            

INTRODUCTION                                                                    
Shareholders are advised that the company has issued a circular today to 
propose a change of name from Pallinghurst Resources (Guernsey) Limited to 
Pallinghurst Resources Limited.
 
RATIONALE
The name Pallinghurst Resources Limited is likely to appeal to a wider group of 
investors who have no association with Guernsey particularly as the primary 
listing is now the JSE.

TIMETABLE                                                                       
The timetable as included in the circular for the name change is as follows:    

 
2009
Circular posted to shareholders
Friday, 24 April
Finalisation date 
Friday, 29 May
Last day to trade under old name "Pallinghurst Resources 
(Guernsey) Limited"
Friday, 05 June 
Change of name effective from the commencement of business
Mon, 08 June
Trade under the new name "Pallinghurst Resources Limited" under the 
BSX share code "PALLRES", abbreviated name "PALLINGHT" and 
ISIN: GG00B27Y8Z93 from the commencement of trading 
 
Mon, 08 June
Record date for the change of name
Friday, 12 June
New share certificates reflecting the change of name posted by 
registered post, to Pallinghurst certificated shareholders who have surrendered their documents of title on or before 12:00 on the record date (see note iii below) on or about
 
 
Mon, 15 June
Dematerialised Pallinghurst shareholders' accounts updated with new name by their CSDP or broker
Mon, 15 June
 
 
EXTRAORDINARY GENERAL MEETING                                                                 

Forming part of the circular is a notice convening an Extraordinary 
General Meeting of shareholders to be held at Valley House, Hirzel 
Street, St Peter Port, Guernsey on Friday, 22 May 2009 immediately 
after the completion of the General Meeting, at which the special 
resolution necessary to implement the name change will be proposed 
for consideration and if deemed fit, approved. 
         
DOCUMENTATION                                                                   
A circular containing full details of the name change was mailed to shareholders
today. 
                                                                                                                           
24 April 2009                                                                  
BSX Sponsor: First Bermuda Group Limited
 
Contact:
Michael Schroter, First Bermuda Group                          (441) 295-1330