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”) TRADING STATEMENT In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as the directors 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 year ended 31 December 2014 by the directors and management has indicated that: - the basic loss per share is expected to be between 42.95 cents and 48.93 cents, reflecting an increase of between 43.7% and 63.7% for the year ended 31 December 2014 compared to the basic loss per share of 29.88 cents for the year ended 31 December 2013; and - the headline loss per share is expected to be between 42.78 cents and 49.09 cents, reflecting an increase of between 35.5% and 55.5% compared to the headline loss per share of 31.57 cents for the year ended 31 December 2013. The financial information on which this trading statement is based has not been reviewed or reported on by Goliath Gold’s auditors. Goliath Gold’s financial results for the year ended 31 December 2014 are expected to be released on or about 30 March 2015. Johannesburg 4 December 2014 Sponsor Merchantec Capital Date: 04/12/2014 10:00:00 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.