ANG - AngloGold Ashanti Limited - To retain interests in Morila Gold Mine, Mali

ANG - AngloGold Ashanti Limited - To retain interests in Morila Gold Mine, Mali 
AngloGold Ashanti Limited                                                       
  Incorporated in the Republic of South Africa                                  
Registration Number: 1944/017354/06)                                          
  ISIN Number:ZAE000043485                                                      
  JSE Share Code: ANG                                                           
  ("AngloGold Ashanti/Company")                                                 
ANGLOGOLD ASHANTI TO RETAIN INTERESTS IN MORILA GOLD MINE, MALI                 
  AngloGold Ashanti has terminated the process related to its proposed sale of  
its interests in Morila Limited. This is due to the fact that no proposals were 
received which met the company`s value criteria for such a sale.                
This means that AngloGold Ashanti  will remain a joint venture partner in     
Morila Limited, together with Randgold Resources Limited and consequently,      
through Morila Limited, a joint venture partner together with the Government of 
Mali in Morila SA. Randgold Resources will continue as the operator of Morila   
Gold Mine.                                                                      
  AngloGold Ashanti looks forward to working together with Randgold Resources   
and the Government of Mali, to further the success of the Morila Gold Mine.     
  Johannesburg                                                                  
15 May 2008                                                                   
  ENDS                                                                          
Queries                                                                         
  South Africa                                                                  
Alan Fine      Tel: +27(0)11 637 6383  Mobile:+27(0)83 350 0757               
  E-mail: afine@AngloGoldAshanti.com                                            
  Joanne Jones   Tel: +27(0)11 637 6813  Mobile:+27(0)82 896 0306               
  E-mail: jjones@AngloGoldAshanti.com                                           
Certain statements made during this communication, including, without           
limitation, those concerning the economic outlook for the gold mining industry, 
expectations regarding gold prices, production, cash costs and other operating  
results, growth prospects and the outlook of AngloGold Ashanti`s operations     
including the completion and commencement of commercial operations of certain of
AngloGold Ashanti`s exploration and production projects, and its liquidity and  
capital resources and expenditure, contain certain forward-looking statements   
regarding AngloGold Ashanti`s operations, economic performance and financial    
condition. Although AngloGold Ashanti believes that the expectations reflected  
in such forward-looking statements are reasonable, no assurance can be given    
that such expectations will prove to have been correct. Accordingly, results    
could differ materially from those set out in the forward-looking statements as 
a result of, among other factors, changes in economic and market conditions,    
success of business and operating initiatives, changes in the regulatory        
environment and other government actions, fluctuations in gold prices and       
exchange rates, and business and operational risk management. For a discussion  
of such factors, refer to AngloGold Ashanti`s annual report for the year ended  
31 December 2006, which was distributed to shareholders on 29 March 2007.       
AngloGold Ashanti undertakes no obligation to update publicly or release any    
revisions to these forward-looking statements to reflect events or circumstances
after today`s date or to reflect the occurrence of unanticipated events.        
  In connection with the proposed merger transaction involving AngloGold        
Ashanti and Golden Cycle Gold Corporation, AngloGold Ashanti has filed with the 
SEC a registration statement on Form F-4 and GCGC will mail a proxy             
statement/prospectus to its stockholders, and each will be filing other         
documents regarding the proposed transaction with the U.S. Securities and       
Exchange Commission ("SEC") as well. BEFORE MAKING ANY VOTING OR INVESTMENT     
DECISION, INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS REGARDING  
THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY WHEN THEY   
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE      
PROPOSED TRANSACTION. The final proxy statement/prospectus will be mailed to    
GCGC`s stockholders. Stockholders will be able to obtain a free copy of the     
proxy statement/prospectus, as well as other filings containing information     
about AngloGold Ashanti and GCGC, without charge, at the SEC`s Internet site    
(http://www.sec.gov). Copies of the proxy statement/prospectus and the filings  
with the SEC that will be incorporated by reference in the proxy                
statement/prospectus can also be obtained, without charge, by directing a       
request to AngloGold Ashanti, 76 Jeppe Street, Newtown, Johannesburg, 2001 (PO  
Box 62117, Marshalltown, 2107) South Africa, Attention: Investor Relations, +27 
11 637 6385, or to Golden Cycle Gold Corporation, 1515 S. Tejon, Suite 201,     
Colorado Springs, CO 80906, Attention: Chief Executive Officer, (719) 471-9013."
Date: 15/05/2008 08:12:26 Supplied by www.sharenet.co.za                     
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