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CRD - Central Rand Gold Limited - AMD report release

Release Date: 24/02/2011 16:13:01      Code(s): CRD
CRD - Central Rand Gold Limited - AMD report release                            
Central Rand Gold Limited                                                       
("CRG" or the "Company" or the "Group")                                         
(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                                                          
AMD REPORT RELEASE                                                              
Central Rand Gold notes today`s release of the report to the Inter-ministerial  
Committee on Acid Mine Drainage ("the Report"), copies of which are available   
from the following website address:                                             
http://www.dwaf.gov.za/                                                         
The Company welcomes the overall direction and funding commitment from the South
African Government to the issue of AMD and is currently in the process of       
reviewing the Report.                                                           
In addition the Company will be requesting a meeting with Government to clarify 
the content of the Report. The following main issues will be proposed for       
discussion:                                                                     
-    The actual pump and pump station design;                                   
-    The cost allocation between Government and Witwatersrand based mining      
houses for implementation of the pumping station and related pumping costs; 
    and                                                                         
-    The level at which the pumps will be situated below surface level.         
A further update will be made when appropriate                                  
For further information, please contact:                                        
24 February 2011                                                                
Johannesburg                                                                    
JSE Sponsor                                                                     
Macquarie First South Advisers (Pty) Limited                                    
For further information, please contact:                                        
Johan du Toit                                     +27 (0) 11 674 2304           
Patrick Malaza                                    +27 (0) 11 674 2304           
Enquiries:                                                                      
Evolution Securities Limited                      +44 (0) 20 7071 4300          
Rob Collins / Chris Sim / Neil Elliot                                           
Macquarie First South Advisers (Pty) Ltd          +27 (0) 11 583 2000           
Annerie Britz / Melanie de Nysschen/ Yvette Labuschagne                         
Buchanan Communications Limited                   +44 (0) 20 7466 5000          
Bobby Morse / Katharine Sutton / James Strong                                   
Jenni Newman Public Relations (Pty) Ltd           +27 (0) 11 772 1033           
Jenni Newman                                                                    
Date: 24/02/2011 16:13:01 Supplied by www.sharenet.co.za                     
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