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CRD - Central Rand Gold Limited - Successful testing of submersible pumps to

Release Date: 27/07/2011 08:00:01      Code(s): CRD
CRD - Central Rand Gold Limited - Successful testing of submersible pumps to    
Dewater Central Rand Basin                                                      
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 2007/0192231/10)                                            
ISIN: GG00B24HM601                                                              
LSE share code: CRND JSE share code: CRD                                        
("Central Rand Gold" or the "Company")                                          
SUCCESSFUL TESTING OF SUBMERSIBLE PUMPS TO DEWATER CENTRAL RAND BASIN           
Central Rand Gold provides the following update on the Acid Mine Drainage       
situation at its operations in the Central Rand Basin.                          
In August 2010, Central Rand Gold ordered two submersible pumps from            
international technology group, Andritz Ritz, at a cost of Euro3.5 million      
collectively. The two submersible pumps have the capability to dewater and to   
restore the Company`s resource base in the Central Rand Basin. They also form   
part of a larger proposed plan to stop, and partially treat Acid Mine Drainage  
via the establishment of a submersible pump station, which would be constructed 
at the South West Vertical shaft.                                               
As part of the quality control plan, the pumps were individually tested on      
Wednesday, 20 July 2011 and Friday, 22 July 2011, respectively, in a special    
testing bay at the manufacturer`s factory in Schwabisch Gmund in Germany, to    
ensure conformance to specifications. Representatives from Central Rand Gold as 
well as the Trans Caledon Tunnel Authority ("TCTA") (appointed project managers 
by the Department of Water Affairs) and BKS (consultant to TCTA) were present.  
It was verified that both pumps comfortably achieved the required design        
capacity to pump 1,500 kilolitres of water per hour at 43 bar pump pressure     
differential. This was achieved at a pump efficiency of 81.1%.                  
Each of the pumping units has an overall length of 13.5 metres and a mass of 18 
metric tons, and is designed to pump water from 400 metres below surface. The   
pumps are constructed from a special duplex stainless steel to ensure long-term 
resistance to the dilute sulphuric acid water.                                  
The pumps will remain in Germany until such time as clarity has been obtained   
with regards to the final technical solutions and project timelines. In the     
event that these pumps are not utilised for the purpose of the submersible pump 
station, the Company intends to sell them.                                      
Sponsor                                                                         
Merchantec Capital                                                              
Johannesburg                                                                    
27 July 2011                                                                    
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          
Chris Sim / Neil Elliot                                                         
Merchantec Capital                           +27 (0) 11 325 6363                
Roger Pitt / Monique Martinez                                                   
Buchanan                                +44 (0) 20 7466 5000                    
Bobby Morse / Katharine Sutton / James Strong                                   
Jenni Newman Public Relations (Proprietary) Limited         +27 (0) 11 506 7351 
Jenni Newman                                                                    
Date: 27/07/2011 08:00:01 Supplied by www.sharenet.co.za                     
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