GOLIATH GOLD MINING LIMITED - Change to Board of Directors - Resignation and Appointment

Change to Board of Directors - Resignation and Appointment

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”)


CHANGE TO THE BOARD OF DIRECTORS – RESIGNATION AND APPOINTMENT



In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Goliath
Gold (“the Board”) hereby notifies shareholders that it has accepted the resignation of Dr Richard Stewart as Chief
Executive Officer and executive director with effect from 15 May 2014. The Board extends its sincere thanks to
Richard for his valuable contribution to the growth and development of the Company and wishes him the best of
success in his future endeavours.

The Board is pleased to notify its shareholders that Mr Dale Richards will be appointed as Chief Executive Officer
and executive director with effect from 16 May 2014. Dale has more than 15 years’ experience in the mining
industry, having worked for various companies including Goldfields and Great Basin Gold. A Geology Honours
graduate, Dale also holds a graduate diploma in mining engineering and has extensive experience across Sub
Saharan Africa in project evaluation and due diligence studies. While having previously focused predominantly on
gold, Dale also has experience in commodities such as phosphates, manganese, coal and base metals.

Goliath Gold Independent Non-Executive Chairman, Mr Piet Nel, comments: “Dale’s extensive technical and
corporate experience is an excellent match for Goliath Gold’s strategy to expand and diversify the Company’s
resource portfolio. We welcome Dale and look forward to his involvement in the growth of Goliath Gold.”

Johannesburg
16 May 2014


Sponsor
Merchantec Capital

                                                Issued by Goliath Gold Mining Limited
                                                         www.goliathgold.co.za


Grant Stuart                  Vice President: Investor Relations       Tel: +27 11 726 1047         grant.stuart@gold1.co.za




About Goliath Gold

Goliath Gold is a South African incorporated mining exploration company that has been listed on the Main Board of the JSE in the ‘Mining:
General Mining’ sector since May 2011 under the issuer code GGM. Focused on identifying and exploring diversified resources across Southern
Africa, the Company currently holds gold prospecting rights and a mining right over several contiguous areas in South Africa’s East Rand Basin
in the Gauteng Province as well as prospecting rights for heavy mineral sands over an area within South Africa’s Western Cape Province.
Opportunities in other mining-friendly African jurisdictions are also being considered.

Goliath Gold is majority-owned by Gold One International Limited.




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