GIYANI GOLD CORPORATION - Giyani Gold enters into exclusive negotiations with a private energy company

Giyani Gold enters into exclusive negotiations with a private energy company

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 NSX: GGC
Share code on the JSE: GIY        ISIN: CA37636L1076
 (“Giyani Gold” or “the company” or “the group”)

Giyani Gold Enters into Exclusive Negotiations with a Private Energy Company

OAKVILLE, ONTARIO, June 16, 2014 - Giyani Gold Corp. (TSXV: WDG, JSE: GIY, NSX: GGC)
(“Giyani Gold”) is pleased to announce that it is in exclusive negotiations with a private
international energy company (the “EnergyCo”) with multiple projects in attractive jurisdictions
including an operating asset in South Africa. The period of exclusivity will last until the execution
of a definitive agreement or July 30, 2014, whichever is earlier. These exclusive negotiations
are an initial step towards the proposed transaction between Giyani Gold and EnergyCo.

“Giyani Gold is focused on acquiring significant assets to strengthen our company and reward
our shareholders. We have built a strong relationship with EnergyCo and now that we’re in a
period of mutually desired exclusive negotiations, we will move quickly to finalize a binding
definitive agreement.” stated Duane Parnham, Executive Chairman of Giyani Gold. “The
portfolio of assets held by EnergyCo includes cash-flow generating operations, and projects with
significant development potential that will be best advanced by combining the management and
technical teams of Giyani Gold and EnergyCo."

Giyani Gold has engaged Bertan Atalay, an energy professional with over 25 years of
experience in mid-stream oil & gas asset development and financing, as an independent
consultant. Mr. Atalay has significant knowledge and experience with respect to the EnergyCo
assets and his primary area of focus with Giyani Gold will be working on the proposed
transaction between Giyani Gold and EnergyCo.

Under the terms of the agreement relating to the exclusive negotiations, Giyani Gold has agreed
to provide EnergyCo all relevant information relating to Giyani Gold and the Giyani Gold Project
in South Africa. In addition, EnergyCo has agreed to provide Giyani Gold with access to all
information relevant to the EnergyCo projects and has organized site visits for Giyani Gold
executives.

The complete terms and conditions for the potential definitive agreement are still being
negotiated and there is no assurance that a definitive agreement will be successfully concluded.
The final terms and conditions of the definitive agreement are subject to the approval of the
Boards of Directors of Giyani Gold and EnergyCo and any proposed transaction would be
subject to the receipt of all required regulatory and shareholder approvals.

Giyani Gold does not intend to make any further announcements or communications regarding
this potential transaction until either a definitive agreement has been reached or discussions are
terminated without such an agreement being reached.

Neither the TSX Venture Exchange Inc. 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 release.
On behalf of the Board of Directors of Giyani Gold Corp.
(signed) “Duane Parnham”
Duane Parnham, Executive Chairman

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


This news release contains certain statements that may be deemed “forward-looking
statements”. Forward-looking statements are statements that are not historical facts and are
generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”,
“intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions
“will”, “would”, “may”, “could” or “should” occur. Although Giyani Gold believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may differ materially
from those in forward-looking statements. Forward-looking statements are based on the beliefs,
estimates and opinions of Giyani Gold’s management on the date the statements are made.
Except as required by law, Giyani Gold undertakes no obligation to update these forward-
looking statements in the event that management’s beliefs, estimates or opinions, or other
factors, should change.


17 June 2014

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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