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GDO - Gold One International Limited - Acquisition by Goliath Gold of Gold One`s Megamine Assets unconditional and commencement of mandatory offer GOLD ONE INTERNATIONAL LIMITED Registered in Western Australia under the Corporations Act 2001 (Cth) Registration number ACN: 094 265 746 Registered as an external company in the Republic of South Africa Registration number: 2009/000032/10 Share code on the ASX/JSE: GDO ISIN: AU000000GDO5 OTCQX International: GLDZY ("Gold One") ACQUISITION BY GOLIATH GOLD OF GOLD ONE`S MEGAMINE ASSETS UNCONDITIONAL AND COMMENCEMENT OF MANDATORY OFFER Further to the joint announcement released on the Securities News Exchange Service ("SENS") by Gold One and Goliath Gold Mining Limited ("Goliath Gold") on Thursday, 01 March 2012, and using the terms defined in previous announcements unless otherwise stated, shareholders are advised that all the conditions precedent regarding the Acquisition have now been fulfilled or waived. The Acquisition is now unconditional and the Mandatory Offer will commence on Wednesday, 28 March 2012. Shareholders are referred to the abridged pre-listing statement containing the salient dates and times regarding the Mandatory Offer, released by Goliath Gold on SENS earlier today, 20 March 2012, for further information. Johannesburg 20 March 2012 JSE Sponsor Macquarie First South Capital (Pty) Limited South African Legal Advisor: Edward Nathan Sonnenbergs For further information contact: GOLD ONE Neal Froneman President and Chief Executive Officer +27 11 726 1047 (office) +27 83 628 0226 (mobile) Grant Stuart Investor Relations +27 10 591 5219 (office) +27 82 602 5992 (mobile) grant.stuart@gold1.co.za Carol Smith Investor Relations +27 11 726 1047 (office) +27 82 338 2228 (mobile) carol.smith@gold1.co.za About Gold One Gold One is a dual listed mid-tier mining group with gold operations and gold and uranium prospects across Southern Africa. Gold One remains focused on developing and mining low technical risk, high margin precious metal resources in diversified jurisdictions. The company`s flagship Modder East gold mine, commissioned in 2009,distinguishes itself from most other gold mines in South Africa owing to its shallow nature (300 to 500 metres below surface) and continues to ramp up production, having produced 123,179 ounces in 2011. At the beginning of 2012, the group expanded further with the acquisition of Rand Uranium (Pty) Limited consisting of the Cooke Underground Operations and the Randfontein Surface Operations located in the West Rand, 30 kilometres from Johannesburg. The Cooke underground operations continue to deliver in line with expectations and are currently the subject of a turnaround intervention. Through Gold One`s purchase of Rand Uranium (Pty) Limited, the group has also acquired one of the world`s most advanced uranium projects, which envisages recovering uranium, gold and sulphur from the Cooke Tailings Dam and underground ores. The Gold One group is majority-owned by a consortium comprising Baiyin Non- Ferrous Group Co. Limited, the China-Africa Development Fund, and Long March Capital Limited and has an issued share capital of 1,415,302,711 shares. This news release does not constitute investment advice. Neither this news release nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of securities in any jurisdiction. Date: 20/03/2012 07:06:01 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.
