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CRD - Central Rand Gold Limited - Institution of court proceedings to

Release Date: 13/10/2011 08:00:10      Code(s): CRD
CRD - Central Rand Gold Limited - Institution of court proceedings to           
review and set aside cancellation of mining right                               
Central Rand Gold Limited                                                       
(Incorporated as a company with limited liability under the laws of             
Company Number 45108)                                                           
(Incorporated as an external company with limited liability under the           
laws ofSouth Africa,                                                            
Registration number 2007/0192231/10)                                            
ISIN: GG00B24HM601                                                              
LSE share code: CRND     JSE share code: CRD                                    
("Central Rand Gold" or the "Company")                                          
MINING RIGHT                                                                    
On Wednesday, 12 October 2011, Ferreira Estate and Investment Company           
Limited ("FEIC"), the registered holder of the Company`s mining right           
under departmental reference number GP30/5/1/1/2/140MR ("Mining Right"),        
and a subsidiary of Central Rand Gold, instituted urgent motion                 
proceedings in the North Gauteng High Court, Pretoria ("High Court") for        
relief to review and set aside the decision taken by the Minister of            
Mineral Resources ("the Minister") on Thursday, 22 September 2011 to            
cancel the Mining Right granted to FEIC. The Sheriff of the High Court          
was on the same day instructed to serve the application papers on the           
Minister and other departmental functionaries joined as co-respondents          
in the matter.                                                                  
The Minister and her co-respondents are to deliver any answering                
affidavits (should they wish to oppose the application) by Friday, 21           
October 2011, whereafter FEIC will have an opportunity to reply thereto         
before the court hearing date, which is scheduled to take place in the          
first week of November 2011.                                                    
A copy of the Notice of Motion setting out the type of relief being             
sought by FEIC in the High Court is available for download from the             
Company`s website: www.centralrandgold.com.                                     
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                                                                    
13 October 2011                                                                 
JSE Sponsor                                                                     
Merchantec Capital                                                              
Date: 13/10/2011 08:00:10 Supplied by www.sharenet.co.za                     
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