Sharenet Sites 
Sharenet Sites
GGM - Goliath Gold Mining Limited - Sub Nigel training centre to cease operations GOLIATH GOLD MINING LIMITED (Formerly White Water Resources Limited) Incorporated in the Republic of South Africa (Registration number 1933/004523/06) Share code: GGM ISIN: ZAE000154753 ("Goliath Gold" or "the Company") SUB NIGEL TRAINING CENTRE TO CEASE OPERATIONS Goliath Gold advises that the underground training centre at the Sub Nigel 1 Shaft will temporarily cease operations, including production, due to rising water levels in the East Rand Basin. The training centre will be relocated to Gold One International Limited`s ("Gold One") Modder East mine. The rising water levels at the Sub Nigel mine are the result of the cessation of pumping at the nearby Grootvlei mine, which, up until 30 May 2011, was managed by Aurora Empowerment Systems on behalf of the provisional liquidators of the Pamodzi Gold group of companies. Aurora stopped pumping at Grootvlei during February of this year, following the removal of the mine`s underground pumps. Goliath Gold is of the considered opinion that it is unlikely that the pump station will be re-instated in the near future. While the water level at the Sub Nigel mine has not yet reached a critical level, Goliath Gold together with Gold One, estimates that the water level at the Sub Nigel mine will reach a critical point around August 2011. In light of this, the Company believes that the closure of the training centre at the Sub Nigel 1 Shaft is a prudent and necessary step to secure the safety of employees. Goliath Gold is also investigating, in conjunction with Gold One, the plugging of the Sub Nigel 1 Shaft, just below the Kimberley Reef horizon, in order to preserve certain underground workings for future use. Subject to the Goliath Gold Transaction announced to shareholders on 13 October 2011, becoming unconditional, the Sub Nigel mine will form part of the Megamine Business that will be acquired from Gold One Africa Limited, a wholly owned subsidiary of Gold One. Johannesburg 8 June 2011 Sponsor Merchantec Capital For further information contact: Neal Froneman Chief Executive Officer +27 11 726 1047 (office) +27 83 628 0226 (mobile) neal.froneman@gold1.co.za Ilja Graulich Investor Relations +27 11 726 1047 (office) +27 83 604 0820 (mobile) ilja.graulich@gold1.co.za Carol Smith Investor Relations +27 11 726 1047 (office) +27 82 338 2228 (mobile) carol.smith@gold1.co.za Date: 08/06/2011 07:47:02 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.
