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CRD - Central Rand Gold Limited - Senior management update

Release Date: 30/06/2010 09:00:01      Code(s): CRD
CRD - Central Rand Gold Limited - Senior management update                      
Central Rand Gold Limited                                                       
("Central Rand Gold" or "CRG" or the "company")                                 
(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                                                          
SENIOR MANAGEMENT UPDATE                                                        
CRG announces that Don Harper, Head of Mining, has informed the company of his  
intention to resign as he intends to return to Perth, Western Australia, for    
family reasons.                                                                 
Since Don`s appointment in June 2009, CRG has developed a new mining plan and   
built a new mining and metallurgical team that has successfully proven the      
economic viability of the company`s first mine. The team, which includes amongst
others Australian Contract Mining (Pty) Limited, has greatly improved operating 
practices and efficiency at CRG. Don leaves behind a capable and experienced    
team that will implement the operational plan enabling the company to commence  
commercial production during 2010.                                              
Once production at CMR West has commenced, the next objective of the company    
will be to plan for the development of the adjoining mining licence area of CMR 
East and, potentially, the western part of the Crown Mines area. To this end,   
CRG will be seeking a replacement for Don Harper to work on the planning and    
assessment of CMR East and Crown Mines.                                         
In making the decision to return to Western Australia, Don has decided to accept
a position at another gold mining company based in Perth. Don has committed to  
continue to provide CRG, where required, with technical and operational advice  
until at least September 2010, to ensure his orderly departure from the company.
Johan du Toit commented "Don was originally hired out of Western Australia to   
bring fresh thinking to the Central Rand Project and he has been instrumental   
over the last year in helping CRG to change its strategy and in the delivery of 
successful trial mining. With a young family which has remained in Perth for    
much of Don`s tenure at CRG, Don has decided to return to Perth this year. On   
behalf of the Board of the company and all staff, I wish him well for the       
30 June 2010                                                                    
Macquarie First South Advisers (Pty) Ltd                                        
For further information, please contact:                                        
Central Rand Gold                                   +27 (0) 11 551 4000         
Johan du Toit / Patrick Malaza                                                  
Evolution Securities Limited                        +44 (0) 20 7071 4300        
Simon Edwards / Chris Sim / Neil Elliot                                         
Macquarie First South Advisers (Pty) Limited        +27 (0) 11 583 2000         
Annerie Britz /Melanie de Nysschen /                                            
Manisha Ramlakhan                                                               
Buchanan Communications                             +44 (0) 20 7466 5000        
Bobby Morse / Katharine Sutton                                                  
Jenni Newman Public Relations (Pty) Ltd             +27 (0) 11 506 7300         
Jenni Newman / Megann Outram                                                    
Date: 30/06/2010 09:00:01 Supplied by www.sharenet.co.za                     
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