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HAR - Harmony Gold Mining Company Ltd - Press release: spectacular drill

Release Date: 03/03/2011 13:29:01      Code(s): HAR
HAR - Harmony Gold Mining Company Ltd - Press release: spectacular drill        
hole results at Wafi- Golpu                                                     
Harmony Gold Mining Company Ltd ("Harmony")                                     
Incorporated in the Republic of South Africa                                    
Registration number: 1950/038232/06                                             
Share code: HAR                                                                 
ISIN: ZAE000015228                                                              
PRESS RELEASE                                                                   
SPECTACULAR DRILL HOLE RESULTS AT WAFI- GOLPU                                   
Johannesburg. 3 March 2011. Harmony Gold Mining Company Limited (Harmony)       
is pleased to announce that the latest drill hole results at its Wafi-          
Golpu project (50% held by Harmony) have provided the highest                   
mineralisation values to date.                                                  
In October 2010, Harmony reported on drilling of the Wafi Golpu deposit,        
which extended the mineralisation beyond the porphyry copper-gold resource      
of 16Moz of gold and 4.8Mt of copper. In January 2011 we advised that           
further drilling has extended the deposit. The latest drilling shows even       
better results.                                                                 
WR377*:   883m @ 2.15% Cu and 2.23g/t Au (5.33g/t Au equivalents**) from        
913m including 628m @ 2.82% Cu and 3.06g/t Au (7.13g/t Au              
         equivalents**) from 1043m                                              
The intercept correlates with a zone of chalcopyrite and bornite                
mineralisation in the porphyry and surrounding metasediment. This hole          
extends the known porphyry mineralisation significantly outside the current     
resource shell. Mineralisation is open at depth and to the north of this        
This intersection continues to support our Exploration Target of 30 Million     
ounces of gold and 8 Million tonnes of copper.                                  
"Drilling at the Wafi-Golpu project continues to be successful.  The latest     
results confirm that this deposit is truly a world-class discovery", says       
Harmony`s Chief Executive Officer, Graham Briggs.                               
Note: The Measured and Indicated Mineral Resources are inclusive of those       
Mineral Resources modified to produce the Ore Reserves. The estimates of        
Ore Reserves and Mineral Resources in this statement were prepared in           
accordance with the standards set out in the "Australasian Code for             
Reporting of Exploration Results, Mineral Resources and Ore Reserves - The      
JORC Code" (December 2004) as published by the Joint Ore Reserve Committee      
of the Australian Institute of Mining and Metallurgy, Australian Institute      
of Geoscientists and Minerals Council of Australia (JORC) The JORC Code is      
the accepted reporting standard for the Australian Stock Exchange (ASX).        
The Exploration Results, Mineral Resources and Ore Reserves in the summary      
tables are based on information compiled by Greg Job who is a corporate         
member of the Australian Institute of Mining and Metallurgy and who has         
relevant experience of a `competent person` as defined by the code for          
reporting of Mineral Resources and Ore Reserves in relation to the              
mineralisation being reported on and consents to the inclusion in the           
report of the matters based on his information in the form and context in       
which it appears.  Greg Job is a full-time employee of Harmony Gold Mining      
Company Limited.                                                                
*    Maps indicating these drill holes can be found on the Harmony website.     
**   Gold equivalents calculated using a gold price of US$ 950/oz and a         
    copper price of US$2.00 lb and assuming 100% recovery for all metals.       
For more details contact:                                                       
Marian van der Walt                                                             
Executive: Corporate and Investor Relations                                     
+27 (0) 82 888 1242 (mobile)                                                    
Corporate Office:                                                               
Randfontein Office Park                                                         
P O Box 2                                                                       
South Africa 1760                                                               
T +27 (11) 411 2000                                                             
J.P. Morgan Equities Limited                                                    
Date: 03/03/2011 13:29:00 Supplied by www.sharenet.co.za                     
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