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CRD - Central Rand Gold Limited - Central Rand Gold Pours Its First Gold

Release Date: 04/12/2008 14:30:02      Code(s): CRD
CRD - Central Rand Gold Limited - Central Rand Gold Pours Its First Gold        
Central Rand Gold Limited                                                       
(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: GG00B248M601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
CENTRAL RAND GOLD POURS ITS FIRST GOLD                                          
Trial mining progressing according to plan; commercial mining on track for      
2009                                                                            
Thursday 4th December 2008 - London and Johannesburg listed Central Rand        
Gold ("CRG" or "the Company") has poured its first gold less than two months    
after receiving its initial New Order Mining Right from the South African       
Department of Minerals and Energy.                                              
The Company`s current resource estimate comprises 22.4 million ounces in the    
indicated category and 13.3 million ounces in the inferred category. CRG        
expects to upgrade portions of its near surface resource to reserve in Q1       
2009.                                                                           
Gold bullion production has started                                             
CRG began trial mining at its Consolidated Main Reef tenement on October 1,     
2008 utilising a plant imported from Gekko Systems in Australia, which has      
been processing surface material on a trial basis resulting in the first        
gold pour today on Thursday, 4th December.  Brief details of this               
significant development are as follows:                                         
-    The gold pour, which took place at Rand Refinery on Thursday, December     
4, resulted in approximately a kilogram of gold (35 oz) being poured        
    from material produced from CRG`s trial mining operations at slots 8        
    and 9 of its Consolidated Main Reef tenement in southern Johannesburg       
-    Trial processing through the Gekko plant, which has a capacity of 20       
tonnes per hour 12,000 tonnes per month, is via a gravity recovery          
    circuit. A flotation circuit is also in  the process of being               
    commissioned                                                                
-    CRG received its mining right on September 17th,  2008 just 14 months      
after applying for permission to mine gold and other minerals at its        
    Consolidated Main Reef, Langlaagte and Crown Mines tenements. Further       
    mining rights will be applied for during 2009 and 2010 to mine other        
    areas of the Central Rand Goldfield.                                        
Safety Milestone Achieved                                                       
In addition to the considerable operational progress made during 2008, CRG      
has maintained a strong focus on its occupational health and safety policy      
with over one million man hours worked since the project`s commencement         
without any lost time injuries.                                                 
Commercial mining on track for 2009                                             
Following the initial gold production from trial mining using the small         
Gekko plant, CRG is on schedule to commence commercial mining in 2009. The      
key milestones for this are as follows:                                         
-    CIL plant ordered and expected to be commissioned by end of Q1 2009        
-    30TPH Bateman plant ordered and expected to be commissioned in May 2009    
-    CRG will shallow mine for the next 5 years from reefs which outcrop        
from surface down to 300 metres below surface; these reefs have an          
    average indicated grade of between 8 to 10 grams of gold per tonne.         
Commenting on the gold pour, Alastair Walton, Chairman of CRG, said:            
"Within a period of only two and half years, the current management team has    
turned an ambitious idea into a well capitalised listed company which as of     
today is one of the few new gold producers to come on stream this year.  The    
gold pour also demonstrates that we remain on track to deliver on the           
strategy stated at the time of our IPO last year, which was to be               
successfully awarded our initial New Order Mining Rights, begin trial           
mining, and produce our first gold bullion by the end of 2008."                 
For further information please contact:                                         
Central Rand Gold                  +27(0) 11 551 4000                           
Alastair Walton                                                                 
alastair.walton@centralrandgold.com                                             
Enquiries:                                                                      
Buchanan Communications Limited    +44 (0) 20 7466 5000                         
Bobby Morse / Ben Willey                                                        
bobbym@buchanan.uk.com                                                          
Evolution Securities Limited       +44 (0) 20 7071 4300                         
Simon Edwards / Chris Sim / Neil Elliot                                         
Jenni Newman Public Relations (Pty) Ltd +27 (0) 11 772 1022 / +27 (0) 82        
8828888                                                                         
Jenni Newman / Megann Outram                                                    
Macquarie First South Advisers (Pty) Ltd +27 (0) 11 583 2000                    
Thato Morojele / Annerie Britz                                                  
Photographs of the gold pour will be available for download on CRG`s website    
www.centralrandgold.com or from Buchanan Communications in London and Jenni     
Newman PR in Johannesburg                                                       
Ends                                                                            
Date: 04/12/2008 14:30:02 Supplied by www.sharenet.co.za                     
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