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CRD - Central Rand Gold Limited - Review and setting aside of decision to cancel

Release Date: 12/12/2011 09:00:02      Code(s): CRD
CRD - Central Rand Gold Limited - Review and setting aside of decision to cancel
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")                                          
REVIEW AND SETTING ASIDE OF DECISION TO CANCEL MINING RIGHT                     
Further to the announcements of 13 October 2011 and 24 October 2011,            
shareholders are advised that the Minister of Mineral Resources of the Republic 
of South Africa ("the Minister") and her departmental co-respondents have       
elected not to oppose the application instituted in the High Court by Ferreira  
Estate and Investment Company Limited ("FEIC"), a wholly-owned subsidiary of    
Central Rand Gold and the registered holder of the Company`s mining right under 
departmental reference number GP30/5/1/1/2/140MR ("Mining Right"), for final    
relief to review and set aside the Minister`s administrative decision, made on  
22 September 2011, to cancel the Mining Right  ("the Decision").                
The parties have accordingly agreed to have the Decision set aside by way of a  
consent order (the "Order") sanctioned by the High Court.                       
An enrolment date of 22 December 2011 has been secured for purposes of obtaining
this Order, on an unopposed basis and by agreement amongst the parties.         
The granting of the Order would bring a conclusion to FEIC`s legal challenge to 
the Decision.                                                                   
Central Rand Gold will continue to discuss its social and labour development    
plans with the Department of Mineral Resources in order to agree a plan that is 
more appropriate for Central Rand Gold`s revised mining plans.                  
Further announcements will be made as appropriate.                              
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     
+27 83 628 0226 (mobile)                                                        
neal.froneman@gold1.co.za                                                       
Ilja Graulich                                                                   
Investor Relations                                                              
+27 11 726 1047 (office)                                                        
+27 83 604 0820 (mobile)                                                        
ilja.graulich@gold1.co.za                                                       
Carol Smith                                                                     
Investor Relations                                                              
+27 11 726 1047 (office)                                                        
+27 82 338 2228 (mobile)                                                        
carol.smith@gold1.co.za                                                         
Derek Besier                                                                    
Farrington National Sydney                                                      
+61 2 9332 4448 (office)                                                        
+61 421 768 224 (mobile)                                                        
derek.besier@farrington.com.au                                                  
About Gold One                                                                  
Gold One is a gold producer listed on the financial markets operated by the ASX 
Limited and the JSE Limited, issuer code GDO. Its flagship operation is the     



                                        
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