WITWATERSRAND CONS GOLD RESOURCES - Competition Commission approval received by Wits Gold for the Acquisition of SouthGold exploration Pty Ltd

Competition Commission approval received by Wits Gold for the Acquisition of SouthGold exploration Pty Ltd

WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP Number: S98297104
("Wits Gold” or the “Company")

COMPETITION COMMISSION APPROVAL RECEIVED BY WITS GOLD FOR THE ACQUISITION
OF SOUTHGOLD EXPLORATION PROPRIETARY LIMITED

Further to the announcements released by the Company on SENS and on SEDAR
dated Friday, 21 June 2013, Friday, 5 July 2013, and 19 August 2013 (the
definitions set out in the announcements applying to this announcement
unless otherwise stated), Wits Gold is pleased to advise that it has
received notification that the Proposed Transaction was approved without
any conditions by the South African Competition Commission.

Wits Gold is continuing to progress towards finalisation of the Transaction
Agreements and will continue keeping shareholders informed of developments
as they occur. Shareholders are reminded that the Proposed Offer and the
implementation of the Proposed Transaction are each subject to and
conditional upon the fulfilment of, or waiver by Wits Gold of conditions
precedent standard to a transaction of this nature, including but not
limited to entering into definitive Transaction Agreements, obtaining all
necessary shareholder and regulatory approvals, and Wits Gold obtaining the
necessary financing arrangements.


Johannesburg
28 August 2013

Corporate Advisor
Qinisele Resources Proprietary Limited

Lead JSE Sponsor
Macquarie First South Capital Proprietary Limited

JSE Sponsor
PricewaterhouseCoopers Corporate Finance Proprietary Limited

South African Legal Advisor
Brink Falcon Hume Inc

Canadian Legal Advisor
Stikeman Elliott LLP

For further information please contact:
Philip Kotze                    Hethen Hira
Chief Executive Officer         Vice President: Corporate Affairs
Tel: +27 11 832 1749            Tel: +27 11 832 1749

www.witsgold.com

FORWARD LOOKING STATEMENTS

This press release contains "forward-looking information" within the
meaning of applicable securities laws including information regarding the
business of Wits Gold, the timing and terms and conditions of the Proposed
Offer and Proposed Transaction, as well as the contemplated benefits from
the Proposed Transaction. Readers are cautioned not to place undue reliance
on forward-looking information. Forward?looking information involves known
and unknown risks, uncertainties and other important factors that could
cause actual results and developments to differ materially from those
contemplated by this information. Such risks, uncertainties and other
important factors include among others: the ability to obtain the necessary
shareholder and regulatory approvals; the ability to obtain the necessary
financing on satisfactory terms, or at all; the ability to satisfy all
other conditions precedent to the Proposed Transaction; economic, business
and political conditions in South Africa; decreases in the market price of
gold; hazards associated with underground and surface gold mining; and
changes in laws and government regulations. The statements in this press
release are made as of the date of this release. You should not place undue
importance on forward?looking information and should not rely upon this
information as of any other date. The Company undertakes no obligation to
update publicly or release any revisions to these forward-looking statements
to reflect events or circumstances after the date of this document or to
reflect the occurrence of unanticipated events except where required by
applicable laws.

Date: 28/08/2013 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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