GIYANI GOLD CORPORATION - Proposed acquisition and option grant to directors, officers, and consultants

Proposed acquisition and option grant to directors, officers, and consultants

Giyani Gold Corporation
(formerly 99 Capital Corporation)
(Incorporated and registered in Canada)
(Registration number BC-C0887454)
Share code on the TSXV: WDG
Share code on the JSE: GIY          ISIN:    CA37636L1076
 (“Giyani Gold” or “the company” or “the group”)


GIYANI GOLD SUBSIDIARY TO MAKE ACQUISITION


Oakville, Ontario, March 5, 2014 – Giyani Gold Corp. (TSXV: WDG,
JSE: GIY, NSX: GGC) ("Giyani Gold") is pleased to announce that
on March 4, 2014 Canoe Mining Ventures Corp. (TSXV: CLV)
("Canoe") and Birch Hill Gold Corp. announced a business
combination agreement, pursuant to which Canoe will acquire all
the issued and outstanding shares of Birch Hill Gold Corp.


Giyani Gold owns a 57.7% equity stake in Canoe and as such will
directly benefit by any success achieved though this agreement.
Duane Parnham, Executive Chairman of Giyani Gold, stated: “Canoe
is fulfilling its strategy of acquiring compliant gold resources
in favourable geological environments that host world class
deposits. Any success achieved by Canoe with new discoveries
will expand the resource on the Birch Hill property and will
further underpin the value Canoe provides to Giyani Gold.”


Grant of Options
Giyani Gold also announces that 2,000,000 stock options have
been granted to various directors, officers, and consultants in
accordance with Giyani Gold’s stock option plan. 1,900,000
options will be convertible to common shares at $0.25 per share
and will vest immediately and 100,000 options at the same price
will vest over a twelve month period with 25,000 options vesting
every three months. All options will expire on March 04, 2019
and the grant of options remains subject to TSX Venture Exchange
approval.


Additional information and corporate documents may be found on
www.sedar.com, the Giyani Gold website, www.giyanigold.com,
Canoe website, www.canoemining.com, and the Birch Hill Gold
Corp. website www.birchhillgold.com.


Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.


On behalf of the board of Giyani Gold Corp.
“Duane Parnham”, Executive Chairman


Investor Contact
Luke Vigeant, Head of Communications
Giyani Gold Corp.
Tel: 1.905.844.1456 X237
Email: lvigeant@giyanigold.com


Forward Looking Statements
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this release or other future plans, objectives
or expectations of Giyani Gold Corp. are forward-looking
statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially
from Giyani Gold's plans or expectations include risks relating
to the actual results of current exploration activities,
fluctuating gold prices, possibility of equipment breakdowns and
delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions,
regulatory changes, timeliness of government or regulatory
approvals and other risks detailed herein and from time to time
in the filings made by Giyani Gold with securities regulators.
Giyani Gold expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a
result of new information, future events or otherwise except as
otherwise required by applicable securities legislation.

6 March 2014


Sponsor
Sasfin Capital   (a division of Sasfin Bank Limited)

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