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Harmony Gold Mining - Consolidated mineral resources and reserves statement

Release Date: 28/08/2006 11:00:03      Code(s): HAR
     Harmony Gold Mining - Consolidated mineral resources and reserves statement
     Harmony Gold Mining Company Limited                                        
     Registration number 1950/038232/06                                         
Incorporated in the Republic of South Africa                               
     ISIN: ZAE000015228                                                         
     Consolidated mineral resources and reserves statement                      
     Johannesburg, Monday, 28 August 2006. The Harmony Gold Mining Company      
Limited (NASDAQ, NYSE: HMY; JSE: HAR) today announced that their SAMREC    
     compliant consolidated ore reserves statement shows an increase of 3.4%    
     from 54.1 million ounces to 56.0 million ounces for the year ending 30 June
     2006.                                                                      
Ore reserve reconciliation: FY2005 to FY2006                               
                                         Gold         Gold                      
                                         (tonnes)     (million ounces)          
     Balance at June 2005                1,684        54.1                      
Mined during FY2005                 (76)         (2.4)                     
     Added equity ounces from Western    131          4.2                       
     Areas                                                                      
     Other adjustments                   3            0.1                       
Balance at June 2006                1,742        56.0                      
     % Difference from June 2005 to      3.44%                                  
     June 2006                                                                  
     As reflected in the table above, Harmony"s Ore Reserves show an overall    
depletion of approximately 2.4 million ounces for the financial year. The  
     29.2% equity ounces from Western Areas added 4.2 million ounces to the ore 
     reserves, resulting in most of the positive increase as indicated.         
     The mineral resources have increased from 528,6 million ounces to 537,6    
million ounces mainly as a result of an additional 9,8 million ounces,     
     which came from Harmony"s 29,2% stake in Western Areas.                    
     A gold price of US$500/oz was used for the conversion of Mineral Resources 
     to Ore Reserves at our South African and Australian operations. An exchange
rate of USD/ZAR6.53 for South Africa and AUD/USD 0.74 for Australia has    
     been used, resulting in a gold price of R105 000/kg or A$680/oz            
     respectively. These gold prices were also used in the calculations of mine 
     planning.                                                                  
The Hidden Valley feasibility study at Papua New Guinea was completed using
     a gold price of US$445/oz and a silver price of US$6.50/oz. These prices   
     were also used in the declaration of Ore Reserves.                         
     Independent consultant SRK has audited the Harmony South African and       
Australia June 2006 Mineral Resources and Ore Reserves. The Papua New      
     Guinea Mineral Resources and Ore Reserves were independently audited by RSG
     Global. The 29,2% Western Areas equity ounces were extracted from their    
     audited reserve statement in their Annual Report of December 2005 and      
adjusted for depletion for the period from January 2006 to June 2006.      
     Mineral Resources as at 30 June 2006                                       
     UNDERGROUND, OPEN PITS, PROJECTS* AND WESTERN AREAS EQUITY OUNCES**        
                          Tons (Mt)    g/t         Gold       Gold              
(`000 kg)  (`000             
                                                              oz)               
     Measured Resources   387.9        5.85        2,268      72,907            
     Indicated Resources  916.3        5.09        4,664      149,936           
Inferred Resources   2,485.2      3.82        9,495      305,258           
     Total Mineral        3,789.4      4.33        16,427     528,101           
     Resources                                                                  
     *   Resource ounces below infrastructure at Poplar and Rolspruit (21.7     
million ounces)                                                        
     **  Western Areas 29.2% equity of some 9.8 million resource ounces         
     SURFACE STOCKPILES                                                         
                          Tons (Mt)    g/t         Gold       Gold              
(`000 kg)  (`000             
                                                              oz)               
     Measured Resources   67.6         0.38        26         823               
     Indicated Resources  362.2        0.35        125        4,028             
Inferred Resources   514.6        0.28        145        4,672             
     Total Mineral        944.4        0.31        296        9,523             
     Resources                                                                  
     Ore Reserves as at 30 June 2006                                            
UNDERGROUND, OPEN PITS, PROJECTS* AND WESTERN AREAS EQUITY OUNCES**        
                          Tons (Mt)    g/t         Gold       Gold              
                                                   (`000 kg)  (`000             
                                                              oz)               
Proven Reserves      65.6         6.07        398        12,790            
     Probable Reserves    220.9        5.94        1,312      42,176            
     Total                286.5        5.97        1,710      54,966            
     *   Ounces below infrastructure at Poplar and Rolspruit (9.8 million       
ounces)                                                                    
     **  Western Areas 29.2% equity reserve of some 4.2 million ounces          
     SURFACE STOCKPILES                                                         
                          Tons (Mt)    g/t         Gold       Gold              
(`000 kg)  (`000             
                                                              oz)               
     Proven Reserves      68           0.37        25         815               
     Probable Reserves    12           0.40        7          237               
Total                80           1.00        32         1,052             
     Full details will be published in the Harmony Gold Mining Co Ltd annual    
     report due for release at the end of September 2006.                       
     Issued by Harmony Gold Mining Company Limited                              
28 August 2006                                                             
     For more details contact:                                                  
     Philip Kotze                                                               
     Executive, Investor Relations                                              
on +27(0)83 453 0544                                                       
     or                                                                         
     Lizelle du Toit                                                            
     Investor Relations Officer                                                 
on +27(0)82 465 1244                                                       
Date: 28/08/2006 11:00:06 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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