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CRD - Central Rand Gold Limited - Central Rand Gold Signs Agreement with Goldplat plc to Mine in South Africa Central Rand Gold Limited (Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108) (Incorporated as an external company with limited liability under the laws ofSouth Africa, Registration number 2007/0192231/10) ISIN: GG00B24HM601 LSE share code: CRNDJSE share code: CRD ("Central Rand Gold", "CRG" or the "Company") Central Rand Gold Signs Agreement with Goldplat plc to Mine in South Africa Central Rand Gold is pleased to announce that, through its wholly owned subsidiary Ferreira Estates and Investment Company Ltd, it has signed a contract mining and beneficiation agreement with Goldplat plc (AIM: GDP), a London quoted gold producer, with a view of recommencing gold mining at the Crown East Main Reef (strike 1.2km) and CMR Bird Reef mines (strike 2km) in the West Rand area near Johannesburg in South Africa. The above mining areas fall outside of CRG`s near term target areas of CMR Main reef (East and West) and Crown West. Subject to due diligence, under the terms of the agreement Goldplat will have the rights to assume mining, at its own cost and risk, of the two sites in return for a 5% net smelter royalty to Central Rand Gold. It is envisaged that the ore from the two sites will be processed at Goldplat`s own gold recovery operations in South Africa. During the 90 day due diligence phase, initial work by Goldplat will focus on confirming historic data, sampling and evaluating the historically producing reefs which start from surface to ascertain the higher grade areas from which to commence production. Both parties believe that Crown East Main Reef and CMR Bird Reef mines contain significant gold bearing ore available to mine at commercial rates. A further announcement will be made following completion of the due diligence phase. Commenting on the agreement with Goldplat plc, Johan du Toit CEO, stated: "This agreement with Goldplat is aligned with our strategy of seeking opportunities to fully exploit our current mining right area. As the mining areas identified were not part of CRG`s near term production plans, this agreement will provide additional benefit to all stakeholders through job creation and procurement opportunities as well as additional revenue to CRG shareholders, through royalty payments." For further information, please contact: Central Rand Gold +27 (0) 11 674 2304 Johan du Toit / Patrick Malaza Evolution Securities Limited +44 (0) 20 7071 4300 Chris Sim / Neil Elliot Merchantec Capital +27 (0) 11 325 6363 Roger Pitt / Monique Martinez Buchanan +44 (0) 20 7466 5000 Bobby Morse / James Strong Jenni Newman Public Relations (Proprietary) Limited +27 (0) 11 506 7351 Jenni Newman 16 February 2012 Johannesburg JSE Sponsor Merchantec Capital Date: 16/02/2012 09:00:01 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.
