ANGLOGOLD ASHANTI PLC - AngloGold Ashanti to make a strategic investment in G2 Goldfields Inc.

AngloGold Ashanti to make a strategic investment in G2 Goldfields Inc.

AngloGold Ashanti plc
(Incorporated in England and Wales)
Registration No. 14654651
LEI No. 2138005YDSA7A82RNU96
ISIN: GB00BRXH2664
CUSIP: G0378L100
NYSE Share code: AU
JSE Share code: ANG
("AngloGold Ashanti", "AGA" or the
"Company")


NEWS RELEASE
AngloGold Ashanti to make a strategic investment in G2 Goldfields Inc.

AngloGold Ashanti plc ("AGA" or the "Company") is pleased to announce that it intends, subject
to execution of definitive documentation and satisfaction of customary conditions, to subscribe (the
"Subscription") for 24,500,000 common shares (the "Shares") in G2 Goldfields Inc. ("G2") at
C$0.90 per share for total consideration of C$22,050,000.

Following completion of the Subscription, AGA will own approximately 11.7% of G2's issued and
outstanding Shares.

G2 is actively exploring in Guyana, a country which hosts the Guiana Shield, one of the world's most
prospective gold provinces. The Guiana Shield is host to a number of significant deposits including
the Aurora (6Moz) and Omai (5Moz) mines and the Toraparu (7.0Moz) deposit in Guyana; the
Rosebel (13.7Moz) and Merian (6Moz) mines in Suriname; and the Montagne d'Or (3.9Moz) and
Camp Caiman (2.9Moz) deposits in French Guiana.

The G2 team, led by Patrick Sheridan, Executive Chairman and Dan Noone, CEO is comprised of
professionals who have been directly responsible for the discovery of millions of ounces of gold in
Guyana as well as the financing and development of Aurora, Guyana's largest gold mine.

G2's principal OKO project comprises the OKO Main Zone and Ghanie deposits. G2 announced in
April 2022, an Indicated Mineral Resource estimate for the OKO Main Zone containing
220,000 oz Au (793,000 tonnes grading 8.63 g/t Au) and an Inferred Mineral Resource estimate of
974,000 oz Au (3,274,000 tonnes, grading 9.25 g/t Au). G2 intends to publish a Mineral Resource
update in the first half of 2024.

G2 has other exploration targets within a 20km radius of OKO Main and Ghanie, which are located
directly adjacent to Reunion Gold Corporation's OKO West discovery and where an Indicated and
Inferred Mineral Resource of 4.24Moz, grading 1.91 g/t, was published in June 2023.

AGA believes that G2's exploration properties have significant growth potential.

As part of the Subscription, AGA will be granted pre-emptive and top-up rights for future security
issuances by G2.

Commenting on the Subscription, Alberto Calderon, CEO of AngloGold Ashanti said "This strategic
investment in G2 will provide us with a strong position in one of the world's key gold provinces with
significant potential for new discoveries. We look forward to G2's continued exploration success as
the Guiana Shield continues to develop."

The Subscription is expected to close in January 2024. subject to execution of definitive
documentation and satisfaction of customary conditions.
ENDS

19 December 2023

CONTACTS

Media

Andrea Maxey                 +61 08 9435 4603 / +61 400 072 199               amaxey@anglogoldashanti.com
General inquiries                                                             media@anglogoldashanti.com

Investors

Andrea Maxey                 +61 08 9435 4603 / +61 400 072 199               amaxey@anglogoldashanti.com
Yatish Chowthee              +27 11 637 6273 / +27 78 364 2080                yrchowthee@anglogoldashanti.com

Website: www.anglogoldashanti.com


Forward-looking statements
Certain statements contained in this document, other than statements of historical fact, including, without limitation,
those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total
cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity
improvements, growth prospects and outlook of AngloGold Ashanti plc's (the "Company", "AngloGold Ashanti" or "AGA")
operations, individually or in the aggregate, including the achievement of project milestones, commencement and
completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the
completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources
and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any
potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking
statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition.
These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and
expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and
expressions such as "believe", "expect", "aim", "anticipate", "intend", "foresee", "forecast", "predict", "project", "estimate",
"likely", "may", "might", "could", "should", "would", "seek", "plan", "scheduled", "possible", "continue", "potential", "outlook",
"target" or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a
statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be
forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks,
uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements
to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these
forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking
statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been
correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the
forward-looking statements as a result of, among other factors, changes in economic, social, political and market
conditions, including related to inflation or international conflicts, the success of business and operating initiatives,
changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in
gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions,
any public health crises, pandemics or epidemics (including the COVID-19 pandemic), and other business and
operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer
to AngloGold Ashanti Limited's annual report on Form 20-F for the year ended 31 December 2022 filed with the United
States Securities and Exchange Commission ("SEC") and AngloGold Ashanti's registration statement on Form F-4
initially filed with the SEC on 23 June 2023. These factors are not necessarily all of the important factors that could
cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those
expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse
effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are
cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to
update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All
subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its
behalf are qualified by the cautionary statements herein.

Non-GAAP financial measures
This communication may contain certain "Non-GAAP" financial measures. AngloGold Ashanti utilises certain Non-GAAP
performance measures and ratios in managing its business. Non- GAAP financial measures should be viewed in
addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other
measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not
be comparable to similarly titled measures other companies may use.
 Mineral Reserves, Mineral Resources and Exploration Results Disclosure
 In this communication, AngloGold Ashanti relies on information publicly disclosed by G2 pertaining to the OKO Main
 Zone deposit and by Reunion Gold pertaining to the OKO West discovery. AngloGold Ashanti has not independently
 verified this information and is not treating such information as a current estimate of Mineral Resources, Mineral
 Reserves or exploration results.

Website: www.anglogoldashanti.com

Date: 19-12-2023 01:20:00
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