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GIYANI GOLD CORPORATION - Trade resumes and rescinding of appointment of interim vice president

Release Date: 05/01/2015 07:05
Code(s): GIY     PDF:  
Wrap Text
Trade resumes and rescinding of appointment of interim vice president

Giyani Gold 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

Binding LOI with Horizon Enerji and Sumo Coal Expires and the Board of Directors of
Giyani Rescinds Appointment of Mr. Bertan Atalay as Interim president and trade
resumes

Oakville, Ontario, January 2, 2015 - Giyani Gold Corp. (TSXV: WDG, JSE: GIY) ("Giyani")
announces that the binding letter of intent agreement (the “Agreement”) with the shareholders
of Horizon Enerji A.?. (“Horizon”) and Sumo Coal (Pty) Ltd. (“Sumo”) has expired in
accordance with its terms as a definitive agreement was not entered into by December 31,
2014.

Duane Parnham, Executive Chairman of Giyani, made the following comments: “Although we
are disappointed that current market conditions and timing constraints prevented a definitive
agreement from being signed before year-end, concluding a deal with the shareholders of
Horizon and Sumo remains a possibility. Giyani remains committed to the strategy of
strengthening the company by means of concluding a strategic acquisition, and our corporate
structure and global listings provide Giyani with the flexibility to be successful in this strategy.”

Giyani also announces that in connection with the expiration of the Agreement, the board of
Directors of Giyani rescinded the appointment of Mr. Bertan Atalay as Interim President of
Giyani on December 31, 2014.

Trading Resumes.

Trading in the common shares of Giyani was halted following the initial announcement of the
Agreement and will be reinstated, in accordance with TSX Venture Exchange Rules and
Policies, following the date of this press release.

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, please contact:

Duane Parnham, Executive Chairman
Giyani Gold Corp.
Tel: 1.905.844.1456 ext. 236
Luke Vigeant, Head of Communications
Giyani Gold Corp.
Tel: 1.905.844.1456 ext. 237
Email: lvigeant@giyanigold.com

Forward Looking Statements
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 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's management on the date the
statements are made. Except as required by law, Giyani undertakes no obligation to update
these forward-looking statements in the event that management's beliefs, estimates or opinions,
or other factors, should change.


5 January 2015

Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)

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