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GDO - Gold One - Investec Facility and Shareholder Loan to Fund Gold One Acquisitions Gold One International Limited Registered in Western Australia under the Corporations Act, 2001 (Cth) Registration number ACN: 094 265 746 Registered as an external company in the Republic of South Africa Registration number: 2009/000032/10 Share code on the ASX/JSE: GDO ISIN: AU000000GDO5 OTCQX International: GLDZY ("Gold One" or the "company") Investec Facility and Shareholder Loan to Fund Gold One Acquisitions Gold One is pleased to announce that it has secured financing through the Investec Bank Limited ("Investec") facility announced on 29 August 2011 along with a US$ 75 million unsecured shareholder loan facility granted by Baiyin Precious Metals Limited ("Baiyin"), a wholly owned subsidiary of Baiyin Nonferrous Group Co. Limited. The shareholder loan, together with the Investec facility will allow Gold One to settle the outstanding balance of approximately US$ 112 million payable by it in respect of its acquisition of Rand Uranium (Pty) Limited ("Rand Uranium"). Gold One had the option of settling US$ 100m of the US$ 250m Rand Uranium acquisition in cash or through the issue of new fully paid ordinary shares in Gold One. Gold One has made the election to settle the remaining acquisition consideration in cash. The Investec facility and shareholder loan also provides Gold One with the ability to settle the US$ 70 million payable by it on the completion of its acquisition of the Ezulwini Mining Company (Pty) Limited ("EMC") from First Uranium Corporation ("First Uranium"), announced on 2 March 2012. Gold One President and CEO Neal Froneman comments: "I believe that our share trades well below fair value and in these circumstances I am pleased that we have been able to use an appropriate amount of gearing to settle our recent acquisitions of Rand Uranium and Ezulwini. In addition the unsecured loan of US$ 75 million from Baiyin clearly demonstrates our strategic partners` support and commitment to our growth strategy." ENDS Issued by Gold One International Limited www.gold1.co.za Johannesburg 03 April 2012 JSE Sponsor Macquarie First South Capital (Pty) Limited Neal Froneman President and CEO +27 11 726 1047 (office) +27 83 628 0226 (mobile) neal.froneman@gold1.co.za Grant Stuart Investor Relations +27 10 591 5219 (office) +27 82 602 5992 (mobile) grant.stuart@gold1.co.za Carol Smith Investor Relations +27 11 726 1047 (office) +27 82 338 2228 (mobile) carol.smith@gold1.co.za Derek Besier Farrington National Sydney +61 2 9332 4448 (office) +61 421 768 224 (mobile) derek.besier@farrington.com.au About Gold One Gold One is a dual listed mid-tier mining group with gold operations and gold and uranium prospects across Southern Africa. Gold One remains focused on developing and mining low technical risk, high margin precious metal resources in diversified jurisdictions. The company`s flagship Modder East gold mine, commissioned in 2009,distinguishes itself from most other gold mines in South Africa owing to its shallow nature (300 to 500 metres below surface) and continues to ramp up production, having produced 123,179 ounces in 2011. At the beginning of 2012, the group expanded further with the acquisition of Rand Uranium (Pty) Limited consisting of the Cooke Underground Operations and the Randfontein Surface Operations located in the West Rand, 30 kilometres from Johannesburg. The Cooke underground operations continue to deliver in line with expectations and are currently the subject of a turnaround intervention. Through Gold One`s purchase of Rand Uranium (Pty) Limited, the group has also acquired one of the world`s most advanced uranium projects, which envisages recovering uranium, gold and sulphur from the Cooke Tailings Dam and underground ores. On 2 March 2012 Gold One also announced that it entered into a binding letter agreement with First Uranium Corporation to acquire 100% of the Ezulwini Mining Company (Pty) Limited, giving the company access to a gold plant with nameplate capacity of up to 200,000tpm and a uranium plant with nameplate capacity of up to 100,000tpm. The Gold One group is majority-owned by a consortium comprising Baiyin Non- Ferrous Group Co. Limited, the China-Africa Development Fund, and Long March Capital Limited and has an issued share capital of 1,415,302,711 shares. This news release does not constitute investment advice. Neither this news release nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of securities in any jurisdiction. Date: 03/04/2012 07:50:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. 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