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CRD - Central Rand Gold Limited - Board appointment

Release Date: 14/04/2008 10:00:02      Code(s): CRD
CRD - Central Rand Gold Limited - Board appointment                             
Central Rand Gold Limited                                                       
("CRG" or "the Company")                                                        
(Incorporated as a company with limited liability under the laws of Guernsey,   
Company Number 45108)                                                           
(Incorporated as an external company with limited liability under the laws of   
South Africa, registration number 2007/019223/10)                               
ISIN: GG00B24HM601                                                              
Share Code on LSE: CRND                                                         
Share Code on JSE: CRD                                                          
Board Appointment                                                               
`Michael McMahon agrees to join Central Rand Gold as Non Executive Director`    
Central Rand Gold Limited, the gold exploration and development company,is      
pleased to announce the appointment of John Michael McMahon, as a non-executive 
director of the Company as from 29 April 2008, subject to formal board approval 
at the next full board meeting on that day in Guernsey.                         
Mr McMahon, aged 61, is a leading South African based mine development engineer,
with an established track record of asset development, having worked in a       
variety of management roles and, latterly, at Board level in a number of major  
international mining companies.                                                 
Michael joins CRG at a critical time, as the Company anticipates the granting of
its mining licence later this year, ahead of first production from CRG`s        
portfolio, scheduled for 2009.                                                  
Michael has been a non-executive director of Gold Fields Limited since December 
1999 and serves as non-executive director of Impala Platinum Holdings Limited   
and Murray & Roberts Holdings Limited. Previously, he was chief executive of    
Impala Platinum Holdings Limited from 1990 and executive chairman from 1993     
through to 1998, He was an executive director of Gencor Limited from 1993 and   
executive chairman from 1997 through to 2002                                    
Alastair Walton, chairman of CRG said:                                          
"I am extremely privileged and proud to announce that Michael has agreed to join
the board of CRG. His appointment will be ratified by the CRG board at the next 
board meeting on April 29.                                                      
"Upon joining the Board of CRG, Michael McMahon has also agreed to join the     
Remuneration; Nomination and Technical, Health, Safety and Environmental        
committees.                                                                     
"This is an important appointment for CRG because Michael is a recognised figure
in the South African mining industry with long and successful direct experience 
in gold and platinum production.  Michael will remain on the Gold Fields board  
for the present time.                                                           
"This appointment strengthens the CRG board substantially and brings to the     
company a person with exceptional technical experience in our type of industry. 
It indicates a great vote of confidence in CRG and what CRG is seeking to       
achieve. To have another board member with direct experience in the South       
African gold mining industry will be invaluable."                               
Greg James, CEO of CRG added:                                                   
"I am pleased to welcome Michael McMahon to the board of CRG.                   
"Michael has enormous experience in the South Africa mining industry, and       
particularly in our envisaged production environment. As we move forward into   
the production phase, his experience and support will be invaluable."           
Michael McMahon commented:                                                      
"I am delighted to join the board of CRG. I have been very impressed with the   
board, and the executives I have met to date and with the thoroughness of the   
company`s due diligence and planning thus far. I am excited about the company`s 
prospects and look forward to contributing as best as I can to their            
realisation."                                                                   
Michael McMahon has been a director of the following companies during the last  
five years. He remains a director of all of them.                               
Company               Directorship          Directorship Still                  
Commenced In          Current                              
Impala Platinum       May 1990              YES                                 
Holdings Limited                                                                
Gold Fields Limited   December 1999         YES                                 
Murray & Roberts      November 2004         YES                                 
Limited                                                                         
There are no other matters requiring disclosure under FSA Handbook Listing Rule 
9.6.13                                                                          
Issued on behalf of: Central Rand Gold                                          
Date: April 14, 2008                                                            
Contact: Greg James                                                             
Ric Vittino                                                                     
Wayne Epstein                                                                   
(011) 551 4000                                                                  
info@centralrandgold.com                                                        
Enquiries                                                                       
Jenni Newman Public Relations (Pty) Ltd                                         
Contact: Jenni Newman   082 882 8888/ 011 772 1033                              
jenninewman@jnpr.co.za                                                          
Megann Outram  083 320 7577/011 772 1033                                        
meganno@jnpr.co.za                                                              
Macquarie First South Corporate Finance (Pty) Ltd                               
Contact: Amanda Markman 082 499 2911/ 011 343 2307                              
amanda.markman@macquarie.com                                                    
Annerie Britz 083 776 3667/ 011 343 2328                                        
annerie.berg@macquarie.com                                                      
Date: 14/04/2008 10:00:02 Supplied by www.sharenet.co.za                     
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