GGM - Goliath Gold Mining Limited - Trading Statement

GGM - Goliath Gold Mining Limited - Trading Statement                           
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")                                               
TRADING STATEMENT                                                               
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 differ by more      
than 20% from that of the previous corresponding period.                        
Accordingly, a review of the financial results for the year ended 31 March      
2011 by management has indicated that the loss per share and headline loss      
per share is expected to be between 1.6 cents and 1.7 cents, compared to the    
loss per share and headline loss per share of 0.1 cents before restatement      
and 0.5 cents after restatement for the year ended 31 March 2010.               
The Company previously capitalised exploration and evaluation costs to          
property, plant and equipment or intangible assets. Due to a change in          
accounting policy, these costs are now expensed in profit or loss, and the      
financial results for the year ended 31 March 2010 have therefore been          
restated accordingly.                                                           
The financial information on which this trading statement is based has not      
been reviewed or reported on by the Company`s auditors. Goliath Gold`s          
financial results are expected to be released on SENS on or about 27 June       
2011.                                                                           
Johannesburg                                                                    
23 June 2011                                                                    
Sponsor                                                                         
Merchantec Capital                                                              
Date: 23/06/2011 13:42:01 Supplied by www.sharenet.co.za                     
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