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CRD - Central Rand Gold Limited - Cancellation of mining right

Release Date: 27/09/2011 07:05:01      Code(s): CRD
CRD - Central Rand Gold Limited - Cancellation of mining right                  
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")                                          
CANCELLATION OF MINING RIGHT                                                    
Central Rand Gold, the South African gold mining and exploration holding        
company, today announces that the Company has received notice from the Ministry 
of Mineral Resources cancelling its Mining Right. As such operations have ceased
with immediate effect.                                                          
The Mining Right has been cancelled as a result of the contravention of Section 
47(1)(b) and Section 47(1)(d) of the Act regarding the Mining Work Programme and
Social Labour Plan.                                                             
The Company is consulting with its legal advisers with regards to next steps and
a further announcement will be made in due course.                              
For further information, please contact:                                        
Central Rand Gold                                      +27 (0) 11 674 2304      
Johan du Toit / Patrick Malaza                                                  
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 / James Strong                                                      
Jenni Newman Public Relations (Proprietary) Limited    +27 (0) 11 506 7351      
Jenni Newman                                                                    
27 September, 2011                                                              
JSE Sponsor                                                                     
Merchantec Capital                                                              
Date: 27/09/2011 07:05:01 Supplied by www.sharenet.co.za                     
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