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CRD - Reconstitution of Central Rand Gold South Africa`s Board of Directors

Release Date: 26/06/2009 15:00:02      Code(s): CRD
CRD - Reconstitution of Central Rand Gold South Africa`s Board of Directors     
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                                                          
("Central Rand Gold" or "CRG")                                                  
Reconstitution of Central Rand Gold South Africa`s Board of Directors           
Central Rand Gold Limited ("CRG") announces the reconstitution of the Board of  
Directors of its 74% owned operating subsidiary, Central Rand Gold South Africa 
(Pty) Ltd ("CRGSA").                                                            
The reconstitution was effected in order to maintain operating efficiency,      
continued good corporate governance and compliance with CRGSA`s Shareholder     
Agreement between Central Rand Gold N.V. ("CRGNV"), CRG`s wholly owned          
subsidiary holding 74% of CRGSA, and Puno Gold Investments (Pty) Ltd ("Puno"),  
CRG`s current Black Economic Empowerment partner holding 26% of CRGSA. The      
revised Board of Directors is comprised of CRGNV`s nominees John Michael        
McMahon* (Chairman), Johan du Toit (Chief Executive Officer) and Wayne Epstein  
and Puno`s nominees as Mandla Mtsweni* and Mahlomola Nazo*.                     
*Non-Executive Directors                                                        
Date issued: June 26, 2009                                                      
                                                                                
Contact:                                                                        
Johan du Toit               + 27 (0) 11 551 4000                                
Wayne Epstein               + 27 (0) 11 551 4000                                
info@centralrandgold.com                                                        
Enquiries:                                                                      
Evolution Securities        + 44 (0) 20 7071 4300                               
Limited                                                                         
Simon Edwards/Chris                                                             
Sim/Neil Elliot                                                                 
                                                                                
Macquarie First South       + 27 (0) 11 583 2000                                
Advisers (Pty) Limited                                                          
Thato Morojele/Annerie                                                          
Britz/Melanie de Nysschen                                                       

Buchanan Communications     + 44 (0) 20 7466 5000                               
Limited                                                                         
Bobby Morse/Ben Willey                                                          

Jenni Newman Public         + 27 (0) 11 772 1033                                
Relations                                                                       
Jenni Newman/ Megann                                                            
Outram/Lerato Tlatlane                                                          
Date: 26/06/2009 15:00:01 Supplied by www.sharenet.co.za                     
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