RNS Number:6221Q
Dimension Resources Ld
28 January 2002



DIMENSION RESOURCES LIMITED

For immediate release

Dimension Resources to buy Rustenburg Black granite quarry

Dimension Resources Limited ("Dimension"), through its wholly owned operating
subsidiary Natural Stone Industries (Pty) Limited ("NSI"), has reached agreement
in principle with North West Quarries CC to acquire a Rustenburg Black granite
quarry situated near Brits, North West Province, South Africa.

The initial purchase price is Rand 2 million (£125,000), with up to an
additional Rand 2 million (£125,000) payable when certain production targets are
met. This is expected to be within six months of start up. The agreement will be
conditional, inter alia, on the transfer of a valid mining licence to NSI.

Rustenburg Black granite is the best known of all granites traded and processed
in the world, and is internationally accepted and used. The material only occurs
in South Africa and some 95% of the production is exported from that country.

Under an additional agreement, North West Quarries has agreed to undertake the
quarrying operations on behalf of Dimension. The intention is to build up
production to a level of approximately 300 cubic metres per month, operating for
11 months per annum. At current pricing levels Dimension expects a margin of
between US$ 100 and US$ 200 per cubic metre, giving a rapid pay back of the
purchase price.

On completion of the acquisition, it is intended that Stuart Frost, who
introduced the proposed acquisition to Dimension, will join NSI to take
responsibility for sales. Stuart has long experience of the stone business,
including a period as a director of Marlin, the leading South African granite
quarrying company. He has recent experience in selling Rustenburg Black, and
will bring his private stone trading business into NSI. It is also intended that
he will be invited to join the board of Dimension as Sales Director.

A further announcement will be made to shareholders when the contract is signed.



Commenting on the proposed acquisition, Brian Moritz, Dimension's Chairman,
said:



"This acquisition will significantly strengthen Dimension's business as well as
the management team. Rustenburg Black does not need a period for market
acceptance, as does coloured granite, and we are confident that the new quarry
will contribute positive cash flow within a few months of completion. This
development, taken with the contracts we have recently signed to supply
Antolini, one of the leading Italian stone companies, with coloured granite and
bowenite, have considerably enhanced the prospects for the Group."



Dated: 28 January 2002



Contacts:    Brian Moritz
             Chairman, Dimension Resources                      020 7728 2367

             Maxine Barnes
             Barnes and Walters                                 020 7430 1600









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