Completion of the Ezulwini Acquisition 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" or the “company”) Completion of the Ezulwini Acquisition Gold One International Limited is pleased to announce that all conditions precedent to the Sale of Shares and Claims Agreement (the “Acquisition Agreement”) pertaining to the acquisition of 100% of the shares in the capital of and shareholder claims against First Uranium Limited, the holding company of Ezulwini Mining Company (Pty) Limited, for a purchase price of US$ 70 million have been fulfilled. The acquisition was declared unconditional on 20 July 2012 and is expected to be implemented on 1 August 2012 (“the Implementation Date”). The purchase price of US$ 70 million will be settled by Gold One in cash and US$ 5 million of the purchase price (“the deferred payment”) will be held in Escrow in an interest bearing trust account in accordance with the provisions of the Acquisition Agreement. The deferred payment is to be held for a period of six months (“the Escrow period”) commencing on the Implementation Date. Should there be no breach of a material warranty during the Escrow period, then the deferred payment will be released to First Uranium Corporation at the end of the Escrow period. Gold One President and CEO Neal Froneman comments: “I am delighted to announce that the acquisition of the Ezulwini mine from First Uranium is unconditional. This acquisition is aligned to our business strategy of value-accretive growth and is a key component in the realization of synergies across the Cooke Underground and Randfontein Surface Operations. With immediate access to Ezulwini’s uranium processing facility, we can now look towards unlocking the value of our joint underground resources and begin capitalising on our gold and uranium co-product strategy in the near term. The Cooke Operations’ management team with their extensive knowledge of the Ezulwini ore body, people and processes are well prepared for the integration of Ezulwini into the Cooke Underground Operations.” ENDS Johannesburg 23 July 2012 Transaction Sponsor and JSE Sponsor Macquarie First South Capital (Pty) Limited Issued by Gold One International Limited www.gold1.co.za For and on behalf of Gold One: Corporate Advisor: Qinisele Resources (Pty) Limited Australian Corporate Advisor: Hartleys Limited South African Legal Advisor: Edward Nathan Sonnenbergs Incorporated Australian Legal Counsel: Ashurst LLP Canadian Legal Counsel: Stikeman Elliot LLP Neal Froneman President and CEO +27 11 726 1047 (office) +27 83 628 0226 (mobile) neal.froneman@gold1.co.za 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 Derek Besier Farrington National Sydney +61 2 9332 4448 (office) +61 421 768 224 (mobile) derek.besier@farrington.com.au 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 1,416,527,115 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: 23/07/2012 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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