GOLIATH GOLD MINING LIMITED - Withdrawal of Cautionary Announcement

Withdrawal of Cautionary Announcement

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”)


WITHDRAWAL OF CAUTIONARY



Further to the cautionary announcements dated 16 April 2014 and 4 June 2014 (and using the terms defined
therein unless otherwise stated) wherein shareholders were advised of the receipt by the Company of a
combined summons from Covenant and WWG and the subsequent suspension of pleadings pending the
outcome of settlement negotiations between the parties, shareholders are advised that the parties have
reached an in principle settlement.

The effect of the settlement is that the Company will pay to Covenant and WWG an amount of R3.5 million in
cash and will acquire three prospecting rights held by White Water Westward Exploration Proprietary
Limited, a company controlled by Covenant. The three prospecting rights are adjacent to the Company’s Wit
Nigel prospecting right. Covenant and WWG will in turn withdraw the action wherein they sought an order to
the effect that, inter alia, the Prospecting Right Agreement be declared unconditional.

The Company does not regard the amount of R3.5 million as being material and as such should not have a
material effect on the price of the Company’s securities. The acquisition of the three prospecting rights does
not require any formal disclosure in terms of the Listings Requirements of the JSE Limited.

Accordingly, caution is no longer required to be exercised by shareholders when dealing in the Company’s
securities.

Johannesburg
20 June 2014

Sponsor
Merchantec Capital

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