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CRD - Central Rand Gold Limited - Toll treating Central Rand Gold Limited ("CRG" or the "Company" or the "Group") (Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108) (Incorporated as an external company with limited liability under the laws of South Africa, registration number 2007/0192231/10) ISIN: GG00B24HM601 Share code on LSE: CRND Share code on JSE: CRD Following CRG February 3rd announcement wherein reference was made to plans to delay planned metallurgical upgrades and pursue short term arrangements to process excess mining production the following update is announced: Toll treating The Company together with Mintails SA (Pty) Limited and Mogale Gold (Pty) Limited (collectively referred to as MSA) have identified a commercially beneficial opportunity arising from participating in a venture in terms of which CRG shall contribute gold bearing ore for processing at MSA`s metallurgical gold processing plant. The main terms governing this arrangement are as follows: The arrangement shall commence on the 4 February 2010 and thereafter endure for a period of 90 calendar days ("the Pilot Phase"); MSA shall contribute a proportion of their milling and processing capabilities of its Mogale Gold operations whilst CRG shall contribute 14 000 tons of gold bearing ore per month for processing; The parties have established that each stands to incur an opportunity cost for entering into this agreement and it is the intention of the parties to first fully recoup such opportunity and related operational costs, where after the two parties will share in the profits, based on a grade sliding scale. Site visit An analyst site took place on Sunday 06 February 2011. During this visit a presentation was made to the analysts, a copy of which may be accessed on the Company website: www.centralrandgold.com For further information, please contact: 7 February 2011 Johannesburg JSE Sponsor Macquarie First South Advisers (Pty) Limited For further information, please contact: Johan du Toit +27 (0) 11 674 2304 Patrick Malaza +27 (0) 11 674 2304 Enquiries: Evolution Securities Limited +44 (0) 20 7071 4300 Rob Collins / Chris Sim / Neil Elliot Macquarie First South Advisers (Pty) Ltd +27 (0) 11 583 2000 Annerie Britz / Melanie de Nysschen/ Yvette Labuschagne Buchanan Communications Limited +44 (0) 20 7466 5000 Bobby Morse / Katharine Sutton / James Strong Jenni Newman Public Relations (Pty) Ltd +27 (0) 11 506 7350 Jenni Newman Date: 07/02/2011 09:02:23 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
