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GOLD ONE INTERNATIONAL LIMITED - Clarification on Reported Shootings During Illegal Gathering at Modder East

Release Date: 03/09/2012 17:45
Code(s): GDO     PDF:  
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Clarification on Reported Shootings During Illegal Gathering  at Modder East




Gold One International Limited
Registered in Western Australia under the Corporations Act, 2001 (Cth) with registration number ACN: 094 265 746
(Registered in South Africa as an external company with registration number 2009/000032/10)
ISIN: AU000000GDO5
Share Code on the ASX/JSE: GDO
OTCQX International: GLDZY
("Gold One" or the “Company”) 


                                                                                                                              Media Release
                Clarification on Reported Shootings During Illegal Gathering
                                       at Modder East

Gold One wishes to provide clarification on the reported shootings at its Modder East Operations. The company reported earlier
today that a group of approximately 60 individuals, consisting of former Gold One employees who were
dismissed during June 2012 for participating in an illegal strike as well as former employees of Pamodzi Gold
East Rand (Pty) Limited, illegally gathered at the main entrance to Modder East. The group did not present
any memorandum of demands, but blocked all access in and out of the mine and threw stones at vehicles.

At approximately 7:30am today protestors prevented a minibus taxi from entering the mine and, after
severely damaging the taxi, attempted to attack the occupants of the vehicle. Security personnel intervened
and were forced to utilise rubber bullets to disperse the crowd.

The company has been informed that four people sustained minor injuries during the incident. The four
individuals were admitted to hospital for examination, and were discharged shortly thereafter.

At approximately 11:30am the South African Police Service was forced to use teargas to disperse the group,
which had again become violent.

Despite the illegal gathering and on-going intimidation of employees, the company is pleased to advise that
none of its existing employees have partaken in any strike action and more than 90% of the workforce
reported for duty following access to the mine being re-established.

The High Court interdict obtained by the company on 13 June 2012, which interdicts protest at Modder
East, remains in place and therefore today’s protest is illegal.

ENDS

Johannesburg
03 September 2012 

Sponsor
Macquarie First South Capital (Pty) Limited


                                                   Issued by Gold One International Limited
                                                              www.gold1.co.za

Neal Froneman         President and CEO               +27 11 726 1047 (office) +27 83 628 0226 (mobile)   neal.froneman@gold1.co.za

Grant Stuart          VP Investor Relations           +27 11 726 1047 (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) andcontinues 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


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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.

Forward-Looking Statement
This release includes certain forward-looking statements and forward-looking information. All statements other than statements of
historical fact included in this release including, without limitation, statements regarding future plans and objectives of Gold One
International Limited are forward-looking statements (or forward-looking information) that involve various risks, assumptions and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual values, results and future events
could differ materially from those anticipated in such statements. Important factors could cause actual results to differ materially
from Gold One’s expectations. Such factors include, among others: the actual results of exploration activities; actual results of
reclamation activities; the estimation or realisation of mineral reserves and resources; the timing and amount of estimated future
production; costs of production; capital expenditures; costs and timing of the development of Modder East and new deposits;
availability of capital required to place Gold One’s properties into production; the ability to obtain or maintain a listing in South
Africa, Australia, Europe or North America; conclusions of economic evaluations; changes in project parameters as plans continue to
be refined; future prices of gold and other commodities; possible variations in ore grade or recovery rates; failure of plant,
equipment or processes to operate as anticipated; accidents; labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals, permits or financing or in the completion of development or construction activities, economic
and financial market conditions; political risks; Gold One’s hedging practices; currency fluctuations; title disputes or claims
limitations on insurance coverage. Although Gold One has attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.

Any forward-looking statements in this release speak only at the time of issue. There can be no assurance that such statements will
prove to be accurate as actual values, results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. Gold One does not undertake to update any
forward-looking statements that are included herein, or revise any changes in events, conditions or circumstances on which any such
statement is based, except in accordance with applicable securities laws and stock exchange listing requirements.

Date: 03/09/2012 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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