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CRD - Central Rand Gold Limited - Toll Treatment Arrangement

Release Date: 31/03/2009 12:30:01      Code(s): CRD
CRD - Central Rand Gold Limited - Toll Treatment Arrangement                    
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 2007/019223/10)                               
ISIN: GG00B24HM601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
Toll Treatment Arrangement                                                      
Central Rand Gold`s operating subsidiary, Central Rand Gold SA (Pty) Limited    
("CRG" or the "Company") has entered into a toll treatment agreement with       
Cuminore (Pty) Limited ("Cuminore") for the toll treatment and extraction of    
gold from concentrate that is currently being produced from the 20tph crushing  
and concentrating plant located at Slot 8 on the Consolidated Main Reef         
The agreement caters for the treatment of 3,600 tons of concentrate with cost   
expectations closely aligned with the Company`s internal Carbon in Leach ("CIL")
plant expected operational costs. The Cuminore plant is to be utilised          
exclusively for material supplied by CRG to ensure that there is no loss of     
material. A full clean up, including the stripping of the mill linings will also
occur at the end of the contract. Cuminore`s treatment facility is located less 
than 5 kilometres away from Slot 8.                                             
The primary reason for this agreement is to ensure an early cashflow while the  
Company`s CIL plant is being commissioned. The Company expects to begin treating
concentrate through its own CIL plant by the end of April 2009. There are also  
potential synergies that could arise from the relationship with Cuminore        
including uranium and sulphur extraction.                                       
Issued on behalf of: Central Rand Gold Limited                                  
Date: 31 March 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 Advisors (Pty) Ltd   + 27 (0) 11 583 2307                 
Thato Morojele/Annerie Britz/Melanie de                                         
Buchanan Communications Limited            + 44 (0) 20 7466 5000                
Ben Willey/Bobby Morse                                                          
Date: 31/03/2009 12:30:01 Supplied by www.sharenet.co.za                     
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