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CRD - Central Rand Gold Limited - Board and Senior Management Changes

Release Date: 19/05/2009 12:20:02      Code(s): CRD
CRD - Central Rand Gold Limited - Board and Senior Management Changes           
Central Rand Gold Limited                                                       
("Central Rand Gold" or "CRG")                                                  
(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 and Senior Management Changes                                             
CRG announces that Michael Sullivan, Central Rand Gold`s Chief Operating Officer
has today, May 19, 2009, tendered his resignation from the Board of Directors.  
Mike has advised that he will be unable to continue in his position of Chief    
Operating Officer owing to ill health. Mike will continue working full time with
the Company until July 2009 and will thereafter work on a consultancy basis     
providing senior input into the Company`s future development plans.             
Riccardo Tonini, who joined Central Rand Gold from Bateman Engineered           
Technologies in November 2008, will fulfil the role of acting Chief Operating   
Officer. Riccardo has over 17 years of experience in project management and     
construction of materials handling and processing plants across a wide variety  
of minerals including gold ores. Prior to joining CRG, Riccardo had attained the
position of general manager at Bateman Engineered Technologies.                 
Patrick Mlungwana Malaza has been appointed as Chief Financial Officer, but not 
as a director, of Central Rand Gold and will join CRG on July 1, 2009. Patrick  
is a qualified Charted Accountant (South Africa) and has had extensive work     
experience at Safmarine Ltd (1994-95), an international shipping and freight    
forwarding company, Engen Petroleum Ltd (1995-2001), a major downstream oil and 
petroleum products company, and most recently at Transnet Freight Rail, the     
South African state freight distributor (2001-09) where he attained the position
of Project Director and regional Chief Financial Officer.                       
Commenting on the movements, Alastair Walton, CRG`s chairman said;              
"On behalf of the board I wish Mike Sullivan a speedy recovery from his illness.
Mike has been in poor health for a considerable period and despite this has     
expended enormous energy to the Central Rand Gold project. In November 2008, the
Company appointed Riccardo Tonini to work alongside Mike as Project Director.   
With Riccardo having been in place now for seven months, Mike has felt that it  
is now an appropriate time to step down. Mike has been instrumental in the      
design of the Central Rand Gold project and his work is now bearing fruit with  
the development of the first decline system.                                    
I would also like to welcome Patrick to the executive committee of Central Rand 
Gold South Africa, the Group`s operating company.  As a senior member of the    
financial and project management team of Transnet Freight Rail over the last 8  
years, Patrick has contributed to the delivery of large-scale infrastructure    
projects, experience that will be invaluable to Central Rand Gold as the Company
develops."                                                                      
Contact:                                                                        
Johan du Toit                        + 27 (0) 11 551 4000                       
Wayne Epstein                        + 27 (0) 11 551 4000                       
info@centralrandgold.com                                                        
                                                                                
Enquiries:                                                                      
Evolution Securities Limited         + 44 (0) 20 7071 4300                      
Simon Edwards/Chris Sim/Neil Elliot                                             
Macquarie First South Advisers (Pty)    + 27 (0) 11 583 2000                    
Ltd                                                                             
Thato Morojele/Annerie Britz/Melanie de                                         
Nysschen                                                                        
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/Lerato Tlatlane                                      
Date: 19/05/2009 12:20:01 Supplied by www.sharenet.co.za                     
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