GOLIATH GOLD MINING LIMITED - Acceptance of options by directors and company secretary

Acceptance of options by directors and company secretary

GOLIATH GOLD MINING LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1933/004523/06)
Share code: GGM ISIN: ZAE000154753
(“Goliath Gold” or “the Company”)


ACCEPTANCE OF OPTIONS BY DIRECTORS AND COMPANY SECRETARY



In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the
following information is disclosed wherein share options granted (off market) have been accepted on
14 December 2012 at a strike price of R3.405737:

 Name of director:                                Christopher Chadwick
 Company:                                         Goliath Gold Mining Limited
 Number of options granted:                       1 000 000
 Vesting period:                                  One third after 12 months, two thirds after 24 months
                                                  and the balance after 36 months
 Expiry date:                                     13 December 2017
 Total value:                                     R3 406 737.00
 Class of securities:                             Options in respect of ordinary shares
 Nature and extent of director’s interest:        Direct beneficial
 Clearance to deal received:                      Yes


 Name of director:                                Mark Wheatley
 Company:                                         Goliath Gold Mining Limited
 Number of options granted:                       1 000 000
 Vesting period:                                  One third after 12 months, two thirds after 24 months
                                                  and the balance after 36 months
 Expiry date:                                     13 December 2017
 Total value:                                     R3 406 737.00
 Class of securities:                             Options in respect of ordinary shares
 Nature and extent of director’s interest:        Direct beneficial
 Clearance to deal received:                      Yes


 Name of director:                                Richard Stewart*
 Company:                                         Goliath Gold Mining Limited
 Number of options granted:                       1 000 000
 Vesting period:                                  One third after 12 months, two thirds after 24 months
                                                  and the balance after 36 months
 Expiry date:                                     13 December 2017
 Total value:                                     R3 406 737.00
 Class of securities:                             Options in respect of ordinary shares
 Nature and extent of director’s interest:        Direct beneficial
 Clearance to deal received:                      Yes

*As announced on SENS on 29 November 2012, Richard Stewart has been appointed as acting Chief
Executive Officer and executive director of Goliath Gold with effect from 1 January 2013.

 Name of Company Secretary:                       Pierre Kruger
 Company:                                         Goliath Gold Mining Limited
 Number of options granted:                       1 000 000
 Vesting period:                                  One third after 12 months, two thirds after 24 months
                                                  and the balance after 36 months
Expiry date:                   13 December 2017
Total value:                   R3 406 737.00
Class of securities:           Options in respect of ordinary shares
Nature and extent of company
secretary’s interest:          Direct beneficial
Clearance to deal received:    Yes


Johannesburg
18 December 2012

Sponsor
Merchantec Capital

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