Prior period restatement and trading statement GOLIATH GOLD MINING LIMITED Incorporated in the Republic of South Africa (Registration number 1933/004523/06) Share code: GGM ISIN: ZAE000154753 (“Goliath Gold” or “the Company”) PRIOR PERIOD RESTATEMENT AND TRADING STATEMENT PRIOR PERIOD RESTATEMENT Shareholders are advised that the board of directors of Goliath Gold (“the Board”) has restated the share based payment expense in terms of the BEE transaction following a revision at year end of the initial assumptions upon which the expense was based. Accordingly, the headline loss calculation as set out in the reviewed condensed consolidated interim financial statements for the six months ended 30 June 2012, as released on SENS on 28 September 2012 was restated. The effects of the aforementioned adjustments are as follows: Restated Reviewed six months six months to 30 June to 30 June Change 2012 2012 % R’000 R’000 Share based payment expense (BEE transaction) (25.5) (23 770) (31 897) Total comprehensive loss for the period (15.1) (45 531) (53 658) Loss per share (cents) (16.8) (35.32) (42.47) Headline loss reconciliation Loss for the period (45 531) (53 658) Adjustments for: Loss on disposal of assets 100.0 1 105 - Fair value adjustment 100.0 1 178 - Loss on sale of property plant and equipment 100.0 93 - Headline loss for the period (19.6) (43 155) (53 658) Headline loss per share (cents) (23.6) (33.47) (43.80) Net asset value per share (cents) (15.9) 111.61 132.75 Tangible net asset value per share (cents) (40.6) 60.52 101.83 TRADING STATEMENT In terms of the JSE Listings Requirements, 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 differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the six month period ended 30 June 2013 by the Board has resulted in a reasonably certain expectation that the consolidated loss per share will improve to between 9.17 cents and 16.23 cents per share and the consolidated headline loss per share will improve to between 8.89 cents and 15.59 cents, compared to the restated consolidated loss per share of 35.32 cents and the restated consolidated headline loss per share of 33.47 cents for the six month period ended 30 June 2012. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors. Goliath Gold’s interim financial results for the six months ended 30 June 2013 are expected to be released on SENS on or about 27 September 2013. Johannesburg 17 July 2013 Sponsor Merchantec Capital Date: 17/07/2013 10:35:00 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.