GGM - Goliath Gold Mining Limited - Trading statement

GGM - Goliath Gold Mining Limited - Trading statement                           
GOLIATH GOLD MINING LIMITED                                                     
(Formerly White Water Resources Limited)                                        
Incorporated in the Republic of South Africa                                    
(Registration number 1933/004523/06)                                            
Share code: GGM     ISIN: ZAE000154753                                          
("Goliath Gold" or "the Company")                                               
TRADING STATEMENT                                                               
The annual report released on 24 June 2011 reported that the ordinary share     
capital of Goliath Gold was consolidated on 13 May 2011 in the ratio of one new 
Goliath Gold ordinary share for every ten Goliath Gold ordinary shares held.    
A review of the financial results for the six months ended 30 September 2011 by 
the Board has indicated that the earnings per share and headline earnings per   
share post consolidation are expected to be between 6.39 cents and 6.57 cents,  
compared to the loss per share pre consolidation of 0.86 cents (8.63 cents loss 
per share post consolidation) and the headline loss per share pre consolidation 
of 0.86 cents (8.57 cents loss per share post consolidation) for the six months 
ended 30 September 2010.                                                        
Accordingly, in terms of the Listings Requirements of JSE Limited, the Company  
is required to publish this trading statement as the Board is reasonably certain
that the financial results for the period to be reported on will differ by more 
than 20% from that of the previous corresponding period.                        
The financial information on which this trading statement is based has not been 
reviewed or reported on by the Company`s auditors. Goliath Gold`s financial     
results are expected to be released on SENS on or about 30 November 2011.       
Johannesburg                                                                    
7 November 2011                                                                 
Sponsor                                                                         
Merchantec Capital                                                              
Date: 07/11/2011 08:37:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.