Notification in terms of Section 122(3) of the Companies Act and paragraph 3.83(B) of the Listings Requirements of Goliath Gold Mining Limited Incorporated in the Republic of South Africa (Registration number 1933/004523/06) Share code: GGM ISIN: ZAE000154753 (“Goliath Gold” or “the Company”) NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH 3.83(b) OF THE LISTINGS REQUIREMENTS OF JSE LIMITED In compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008), as amended (“Companies Act”) and paragraph 3.83(b) of the Listings Requirements of JSE Limited, shareholders are advised that Goliath Gold has received notifications in terms of section 122(1) of the Companies Act that Afrasia Special Opportunities Fund (“Afrasia”) has disposed of its entire beneficial interest in the securities of the Company, being 9.9%, to Convergenet Holdings Limited, (“Convergenet”) such that Afrasia no longer holds a beneficial interest in the securities of Goliath Gold and that Convergenet’s beneficial interest in Goliath Gold amounts to 14.59% of the total number of securities in issue. As required in terms of section 122(3)(a) of the Companies Act, Goliath Gold has filed the required notices with the Takeover Regulation Panel. Johannesburg 5 February 2015 Sponsor Merchantec Capital Date: 05/02/2015 08:55:00 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.