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CRD - Central Rand Gold Limited - New order mining and prospecting rights

Release Date: 26/02/2009 16:00:03      Code(s): CRD
CRD - Central Rand Gold Limited - New order mining and prospecting rights       
successfully granted to Central Rand Gold SA                                    
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: GG00B24HM601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
New Order Mining and Prospecting Rights Successfully Granted to Central Rand    
Gold SA                                                                         
Central Rand Gold Limited ("CRG"), the gold mining and exploration company is   
pleased to announce that it has received notification from South Africa`s       
Department of Minerals and Energy that its principal operating subsidiary,      
Central Rand Gold SA (Pty) Limited ("CRGSA") has been granted New Order Mining  
and Prospecting Rights over seven tenements pursuant to applications lodged in  
accordance with section 11 of South Africa`s Mineral and Petroleum Resources    
Development Act of 2002 ("s11 Applications").                                   
For the tenement map, please refer to CRG`s website: www.centralrandgold.com    
The awarding of the s11 Applications follows the granting of the first New Order
Mining Right for Consolidated Main Reef, Langlaagte and Crown Mines tenements   
announced on 17 September 2008, and allows CRG to apply for New Order Mining    
Rights for the rest of the tenements covered by the s11 Applications outlined in
the map above.                                                                  
The New Order Mining and Prospecting Rights granted to CRGSA and its wholly     
owned subsidiary, Ferreira Estate and Investment Company Limited ("FEIC"), are  
referred to in the map above and detailed in the table below:                   
Tenement Name         Area (Hectares)                                           
Consolidated Main                                                               
Reef                  5 594                                                     
Crown Mines                                                                     
City Deeps                                                                      
Langlaagte            510                                                       
Village Main          1 535                                                     
Robinson Deeps                                                                  
Anglogold Ashanti     3 514                                                     
These s11 Applications were granted on February 25, 2009, and consequently CRGSA
will, on registration of the notarial cession and transfer in the Mineral Titles
Office (an administrative process), be the registered right holder of the       
following New Order Prospecting Rights:                                         
-    Village Main and Robinson Deep (transferred from Rand Quest Syndicate      
-    The AngloGold Ashanti Area (transferred from Anglogold Ashanti Limited)    
Similarly, FEIC is the holder in respect of the following New Order Mining and  
Prospecting Rights:                                                             
-    Consolidated Main Reef;                                                    
-    Crown Mines;                                                               
-    City Deeps; and                                                            
-    Langlaagte tenements (transferred from Gravelotte Mines Limited)           
CRGSA has additional outstanding s11 Applications over the Western Areas A, B   
and E, Simmer & Jack and Southern Deeps tenements.                              
Commenting on the granting of the above-mentioned New Order Mining and          
Prospecting Rights to CRGSA, Mike Sullivan, Chief Operating Officer of Central  
Rand Gold, said: "From an operational point of view, this is a highly positive  
step forward for us as the contiguous nature of the rights granted will enable  
us to optimise the development and production schedules over the entire area."  
Issued on behalf of: Central Rand Gold Limited                                  
Date: 26 February 2009                                                          
Johan du Toit                                +27 (0) 11 551 4000                
Wayne Epstein                                +27 (0) 11 551 4000                
Evolution Securities Limited                 +44 (0) 20 7071 4300               
Simon Edwards / Chris Sim / Neil Elliot                                         
Macquarie First South Advisers (Pty) Ltd     +27 (0) 11 583 2307                
Thato Morojele / Annerie Britz                                                  
Buchanan Communications Limited              +44 (0) 20 7466 5000               
Bobby Morse / Ben Willey                                                        
Jenni Newman Public Relations (Pty) Ltd      +27 (0) 11 772 1033                
Jenni Newman / Megann Outram                                                    
Date: 26/02/2009 16:00:03 Supplied by www.sharenet.co.za                     
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