Anglogold Ashanti signs agreement with China explorer Dynasty Gold

Anglogold Ashanti signs agreement with China explorer Dynasty Gold              
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 SIGNS AGREEMENT WITH CHINA EXPLORER DYNASTY GOLD              
   AngloGold Ashanti Limited announced today an agreement to acquire an         
effective 8.7% stake in Dynasty Gold Corporation, a Vancouver-based exploration 
company with projects in China, through a $2m private placement in shares and   
warrants.                                                                       
   Dynasty Gold holds 70% of three existing projects in northwest China: Red    
Valley in Qinghai, Wild Horse in Gansu and Hatu in Xinjiang.  The proceeds of   
the AngloGold Ashanti investment will be used to fund further exploration of the
Red Valley and Wild Horse projects, both located in the prospective Qilian      
metallogenic belt.                                                              
   AngloGold Ashanti will acquire its stake through the purchase of 5.75m       
Dynasty units at a price of C$0.60.  Each unit will consist of one common share 
and one-half common share purchase warrant, exercisable at a price of C$0.60 for
two years.  In addition to this equity investment, the two companies have agreed
to form a broader partnership, allowing AngloGold Ashanti the right to enter    
into joint ventures at both the Red Valley and Wild Horse projects, and, by     
investing a total of $5m over three years, earn 55% in these projects.          
   Commenting on the transaction, Executive Officer: Business Development,      
Richard Duffy said, `We are delighted to form this partnership with Dynasty Gold
Corporation, which marks the next step in building our exploration presence in  
the prospective Qilian belt in China."                                          
   ends                                                                         
   27 February 2006                                                             
   Sponsor : UBS                                                                
Queries:                                                                        
   South Africa           Tel:                  E-mail:                         
Eric Roth                 +27 (0) 11 637 6211   eroth@AngloGoldAshanti.com      
Date: 27/02/2006 09:44:35 AM Supplied by www.sharenet.co.za                     
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