Anglogold Ashanti sells La Rescatada Exploration Project

Anglogold Ashanti sells La Rescatada Exploration Project                        
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 SELLS LA RESCATADA EXPLORATION PROJECT                        
   AngloGold Ashanti Ltd. ("AngloGold Ashanti") has concluded an agreement for  
the disposal of its La Rescatada Project ("La Rescatada") to Aruntani SAC       
("Aruntani"), a local Peruvian corporation, for a total consideration of US$12.5
million.  In addition, AngloGold Ashanti has retained an option to repurchase   
60% of the project should reserves in excess of 2 million ounces be identified  
within the next three years.                                                    
   La Rescatada is located approximately 800km south-east of the city of Lima in
the Department of Puno, Peru.  High sulphidation epithermal style gold and      
silver mineralisation was first discovered by AngloGold Ashanti at La Rescatada 
in August 2000.  Intensive drilling was carried out in the district and the     
company subsequently concluded that La Rescatada did not meet its criteria for  
further investment.  Oxide resources are estimated to contain approximately 500 
000 ounces of gold with upside potential.  The project was put out to tender in 
late 2004 and following a formal adjudication process, the Aruntani bid         
succeeded.                                                                      
Commenting on the transaction, Roberto Carvalho Silva, Chief Operating       
Officer International for AngloGold Ashanti, said: "Despite its relative size,  
La Rescatada is a good project and Aruntani is well positioned to take it to    
production."                                                                    
ends                                                                         
   11 August 2005                                                               
   JSE Sponsor - UBS                                                            
Date: 11/08/2005 12:01:26 PM Supplied by www.sharenet.co.za                     
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