WGR - Witwatersrand Consolidated Gold Resources Limited - Trading update

WGR - Witwatersrand Consolidated Gold Resources Limited - Trading update        
Witwatersrand Consolidated Gold Resources Limited                               
(Incorporated in the Republic of South Africa)                                  
Registration Number 2002/031365/06                                              
("Wits Gold")                                                                   
JSE Code: WGR  ISIN: ZAE000079703                                               
TSX Code: WGR  CUSIP Number: S98297104                                          
Trading update                                                                  
In terms of the Listings Requirements of JSE Limited, companies are required    
to publish a trading statement as soon as they become reasonably certain that   
the financial results for the period to be reported on will be more that 20%    
different from that of the previous corresponding period.  Accordingly, a       
review of the financial results for the 12 months ended 28 February 2011 by     
management, has indicated that they expect a basic and headline loss per        
share of between 47.50cents per share and 53.00 cents per share.  In the        
prior comparative period the Company reported a basic and headline loss per     
share of 28.05 cents per share.                                                 
This increase in the basic and headline loss per share is mainly attributable   
to a reduction in net finance income (R1.7m), and an increase in employment     
related expenditure (R5.0m). The increase in employment related expenditure     
results mainly from the accounting for R4.4m of non-cash share based payment    
expenditure.                                                                    
The financial information on which this trading statement is based has not      
been reviewed or reported on by Wits Gold`s auditors. The results for the 12    
months ended 28 February 2011 are expected to be published on or about 30 May   
2011.                                                                           
10 May 2011                                                                     
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Proprietary)                          
Limited                                                                         
(Registration number 1970/003711/07)                                            
Date: 10/05/2011 16:00:01 Supplied by www.sharenet.co.za                     
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