ANG - AngloGold Ashanti Limited - Anglogold Ashanti to acquire interest in First

ANG - AngloGold Ashanti Limited - Anglogold Ashanti to acquire interest in First
Uranium From Village Main Reef                                                  
AngloGold Ashanti Limited                                                       
Incorporated in the Republic of South Africa                                    
Registration Number: 1944/017354/06)                                            
ISIN Number:ZAE000043485                                                        
JSE Share Code: ANG                                                             
("AngloGold Ashanti/Company")                                                   
ANGLOGOLD ASHANTI TO ACQUIRE INTEREST IN FIRST URANIUM FROM VILLAGE MAIN REEF   
AngloGold Ashanti Limited ("AngloGold Ashanti") has entered into an agreement to
acquire ownership over the 47,065,916 shares in First Uranium Corporation       
("First Uranium") held by Village Main Reef Limited ("Village"), which equates  
to a 19.79% interest in First Uranium, for CAD0.60 per share (ZAR4.3569 per     
share or USD0.64 per share) representing aggregate consideration of             
approximately CAD28 million (ZAR205 million or USD30 million) the rand          
equivalent of which is payable in cash by AngloGold Ashanti to Village.  Prior  
to this acquisition AngloGold Ashanti held no interest in First Uranium.        
The acquisition was effected by AngloGold Ashanti for investment purposes.  This
investment will be reviewed from time to time by AngloGold Ashanti.  Depending  
on various factors, including the receipt of applicable regulatory approvals,   
AngloGold Ashanti may in the future take such actions with respect to its       
investment in First Uranium as it deems appropriate including, without          
limitation, acquiring additional securities of First Uranium, selling or        
otherwise disposing of some or all of its securities of First Uranium or        
changing its intention with respect to any and all matters referred to above.   
Furthermore, Village has granted lock-up rights and rights of first refusal to  
AngloGold Ashanti for its remaining approximately 5.7% stake in First Uranium   
and its holding of approximately ZAR392.8 million convertible notes issued by   
First Uranium.                                                                  
This transaction will be notified to the Competition Authorities in South       
Africa.                                                                         
First Uranium is incorporated in Canada with a primary listing on the Toronto   
Stock Exchange and a secondary listing on the JSE Limited. First Uranium is a   
gold and uranium producer with two primary assets, both located in South Africa 
- the Ezulwini Mine outside Westonaria, Gauteng and the Mine Waste Solutions    
tailings recovery operation located adjacent to AngloGold Ashanti`s existing    
Vaal River operations.                                                          
In addition to being Africa`s largest gold producer, AngloGold Ashanti is also  
South Africa`s largest uranium producer.  AngloGold Ashanti`s uranium production
during 2010 (as a by-product of its gold operations) amounted to 1.46 million   
pounds.                                                                         
A copy of the early warning report in respect of the acquisition of First       
Uranium shares by AngloGold Ashanti required to be filed under applicable       
Canadian securities laws can be found at www.sedar.com under First Uranium`s    
profile or can be obtained from AngloGold Ashanti by contacting, Lynda Eatwell, 
Company Secretary at 76 Jeppe Street, Marshalltown, 2107, South Africa or by    
phone on +27 11 637 6000 or by fax on +27 11 637 6677 or by e-mail to           
companysecretary@anglogoldashanti.com.                                          
Johannesburg                                                                    
22 July 2011                                                                    
JSE sponsor: UBS                                                                
ENDS                                                                            
Contacts                                                                        
                       Tel: E-mail:                                             
Alan Fine (Media)       +27 11 637 6383       afine@AngloGoldAshanti.com        
Mike Bedford (Investor) +27 11 637 6273       mbedford@anglogoldashanti.com     
Stewart Bailey(Investor) +1 2128364303        sbailey@anglogoldashanti.com      
Certain statements made in this communication, including, without limitation,   
those concerning the economic outlook for the gold mining industry, expectations
regarding gold prices, production, cash costs and other operating results,      
growth prospects and outlook of AngloGold Ashanti`s operations, individually or 
in the aggregate, including the completion and commencement of commercial       
operations of certain of AngloGold Ashanti`s exploration and production         
projects, the completion of announced mergers and acquisitions transactions,    
AngloGold Ashanti`s liquidity and capital resources, and expenditure and the    
outcome and consequences of any litigation proceedings or environmental issues, 
contain certain forward-looking statements regarding AngloGold Ashanti`s        
operations, economic performance and financial condition. Although AngloGold    
Ashanti believes that the expectations reflected in such forward-looking        
statements are reasonable, no assurance can be given that such expectations will
prove to have been correct. Accordingly, results could differ materially from   
those set out in the forward-looking statements as a result of, among other     
factors, changes in economic and market conditions, success of business and     
operating initiatives, changes in the regulatory environment and other          
government actions including environmental approvals and actions, fluctuations  
in gold prices and exchange rates, and business and operational risk management.
For a discussion of certain of these factors, refer to AngloGold Ashanti`s      
annual report for the year ended 31 December 2010, which was distributed to     
shareholders on 29 March 2011.  The company`s 2010 annual report on Form 20-F,  
was filed with the Securities and Exchange Commission in the United States on   
May 31, 2011. AngloGold Ashanti undertakes no obligation to update publicly or  
release any revisions to these forward-looking statements to reflect events or  
circumstances after today`s date or to reflect the occurrence of unanticipated  
events.  All subsequent written or oral forward-looking statements attributable 
to AngloGold Ashanti or any person acting on its behalf are qualified by the    
cautionary statements herein.                                                   
AngloGold Ashanti posts information that is important to investors on the main  
page of its website at www.anglogoldashanti.com and under the "Investors" tab on
the main page.  This information is updated regularly.  Investors should visit  
this website to obtain important information about AngloGold Ashanti.           
Date: 22/07/2011 08:38:04 Supplied by www.sharenet.co.za                     
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