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WGR - Witwatersrand Consolidated Gold Resources Limited - Trading update Witwatersrand Consolidated Gold Resources Limited (Incorporated in the Republic of South Africa) Registration Number 2002/031365/06 ("Wits Gold") JSE Code: WGR ISIN: ZAE000079703 TSX Code: WGR CUSIP Number: S98297104 Trading update 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 be more that 20% different from that of the previous corresponding period. Accordingly, a review of the financial results for the 10 months ended 31 December 2011 by management, has indicated that they expect a basic and headline loss per share of between 70 and 80 cents per share. In the prior comparative 12 month period the Company reported a basic and headline loss per share of 50.11 cents per share. This increase in the basic and headline loss per share is mainly attributable to an increase in employment related expenditure of R9.3 million. The increase in employment related expenditure results mainly from the accounting for R5.6 million of non-cash share based payment expenditure and an increase of R3.8 million in cash based remuneration. The financial information on which this trading statement is based has not been reviewed or reported on by Wits Gold`s auditors. The results for the 10 months ended 31 December 2011 are expected to be published on or about 29 March 2012. 20 March 2012 Sponsor PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration number 1970/003711/07) Date: 20/03/2012 16:00:01 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. WGR WGR - Witwatersrand Consolidated Gold Resources Limited - Trading update Witwatersrand Consolidated Gold Resources Limited (Incorporated in the Republic of South Africa) Registration Number 2002/031365/06 ("Wits Gold") JSE Code: WGR ISIN: ZAE000079703 TSX Code: WGR CUSIP Number: S98297104 Trading update 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 be more that 20% different from that of the previous corresponding period. Accordingly, a review of the financial results for the 10 months ended 31 December 2011 by management, has indicated that they expect a basic and headline loss per share of between 70 and 80 cents per share. In the prior comparative 12 month period the Company reported a basic and headline loss per share of 50.11 cents per share. This increase in the basic and headline loss per share is mainly attributable to an increase in employment related expenditure of R9.3 million. The increase in employment related expenditure results mainly from the accounting for R5.6 million of non-cash share based payment expenditure and an increase of R3.8 million in cash based remuneration. The financial information on which this trading statement is based has not been reviewed or reported on by Wits Gold`s auditors. The results for the 10 months ended 31 December 2011 are expected to be published on or about 29 March 2012. 20 March 2012 Sponsor PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration number 1970/003711/07) Date: 20/03/2012 16:00:01 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.
