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CRD - Central Rand Gold Awarded New Order Mining Right For South Africa`s

Release Date: 17/09/2008 10:31:19      Code(s): CRD
CRD - Central Rand Gold Awarded New Order Mining Right For South Africa`s       
              Central Rand Goldfield Tenements                                  
Media Release                                                                   
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 2007/0192231/10)                              
ISIN: GG00B24HM601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
AFRICA`S CENTRAL RAND GOLDFIELD TENEMENTS                                       
Trial Mining to begin by October; full scale surface mining scheduled for end Q1
London and Johannesburg listed Central Rand Gold (CRG) has today, 17 September, 
2008, received confirmation that a New Order mining right has been granted by   
the South African Department of Minerals and Energy (DME), enabling the company 
to now rapidly transform from an explorer to an active miner at its Consolidated
Main Reef, Langlaagte and Crown Mines tenements in the Central Rand Goldfield.  
The New Order mining right entitles CRG to perform mining activities on the     
three tenements to a depth of 900 metres below surface. This application covers 
approximately 33.67 million tons of CRG`s current resource base and is expected 
to yield around 4.2 million ounces of gold over a seven year period.            
This is the first mining right in a series of New Order mining rights that will 
be applied for by CRG.                                                          
CRG, which listed on the London Stock Exchange and the JSE Limited on November  
8, 2007, expects to start trial mining by October 2008. The company`s trial     
processing plant, arrived in Johannesburg on 10 September, 2008 and is currently
being constructed. It is expected that the plant will be commissioned in October
"Receiving our mining right is a major step forward in our overall strategy as  
we can now focus on implementing the mining plans that will see us becoming a   
gold producer during 2009," said Greg James, CRG`s chief executive, stressing   
that   comprehensive planning, analysis, Broad Based Black Economic Empowerment 
structuring, exploration and community interaction have advanced the company to 
this stage.                                                                     
"We are grateful to the Department of Minerals and Energy for their             
professional handling of our application and related submissions," he said.     
As a mining company, James said CRG`s immediate goal is to be producing gold at 
an annualised rate of 100,000 ounces by the end of 2009.                        
Issued on behalf of: Central Rand Gold Limited                                  
Date: 17 September 2008                                                         
Greg James                                                                      
(011) 551 4000                                                                  
Buchanan Communications Limited         +44 (0) 20 7466 5000                    
Bobby Morse / Ben Willey                                                        
Evolution Securities Limited            +44 (0) 20 7071 4300                    
Simon Edwards / Chris Sim / Neil Elliot                                         
Jenni Newman Public Relations (Pty) Ltd      +27 (0) 11 772 1033                
Jenni Newman / Megann Outram                                                    
Macquarie First South Advisers (Pty) Ltd     +27 (0) 11 583 2307                
Amanda Markman / Thato Morojele / Annerie Britz                                 
Date: 17/09/2008 10:31:19 Supplied by www.sharenet.co.za                     
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