GGM - Goliath Gold Mining Limited - Change to the board of directors

GGM - Goliath Gold Mining Limited - Change to the board of directors            
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")                                               
CHANGE TO THE BOARD OF DIRECTORS                                                
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited   
("Listings Requirements"), the board of directors of Goliath Gold ("the         
Board") hereby notifies its shareholders that Mr Jerry Vilakazi has been        
appointed as an independent non-executive director with immediate effect.       
Jerry was, up until the end of May 2011, Chief Executive Officer of Business    
Unity South Africa, prior to which he was Managing Director of the Black        
Management Forum. He was appointed to the National Planning Commission and to   
the Broad-Based Black Economic Empowerment Advisory Council by President,       
Jacob Zuma, and was previously a member of the Public Service Commission. He    
brings extensive local and international experience and networks in the         
private sector as well as in government.                                        
Jerry is currently the non-executive chairman of Netcare Limited, the largest   
private healthcare group in South Africa and holds non-executive directorships  
which include PPC Limited and Palama Investments.                               
He has served on the King Committee on Corporate Governance, the National Anti- 
Corruption Forum, Business Against Crime, the SADC Employer Group, the EU-      
Southern Africa Business Council and on a number of international business      
councils.                                                                       
Jerry`s qualifications include a BA (Unisa), MA (Thames Valley), MA (London)    
and a MBA (California Coast University).                                        
The Board welcomes Jerry and looks forward to his contribution to the Company.  
In addition, the Board hereby notifies its shareholders that the function of    
Mr Keith Rayner, currently an independent non-executive director, has changed   
to that of deputy chairman and lead independent non-executive director with     
immediate effect.                                                               
Johannesburg                                                                    
21 June 2011                                                                    
Sponsor                                                                         
Merchantec Capital                                                              
Date: 21/06/2011 09:19:35 Supplied by www.sharenet.co.za                     
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