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CRD - Central Rand Gold Limited - Consent for transfer of prospecting rights

Release Date: 27/02/2012 15:00:03      Code(s): CRD
CRD - Central Rand Gold Limited - Consent for transfer of prospecting rights    
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")                                          
CONSENT FOR TRANSFER OF PROSPECTING RIGHTS                                      
Central Rand Gold is pleased to announce that the Deputy Director General:      
Mineral Regulation of the Department of Mineral Resources of the Republic of    
South Africa has consented, in terms of section 11 (2) of the Mineral and       
Petroleum Resources Development Act, 2002 (Act 28 of 2002), to the cession      
of the following prospecting rights registered in the name of Rand Quest        
Syndicate Limited ("RQS") to Central Rand Gold South Africa Proprietary         
Limited ("CRGSA"):                                                              
GP30/5/1/1/2(253) PR, over the Western Areas A;                                 
GP30/5/1/1/2(254) PR, over the Western Areas B; and                             
GP30/5/1/1/2(257) PR, over the Western Areas E.                                 
These prospecting rights ("the Rights") cover an area of approximately 5,040    
hectares in extent situated near Soweto to the South West of Johannesburg.      
The Rights formed part of the suite of rights sold to CRGSA in terms of a       
Sale of Business agreement entered into with RQS in June 2007, prior to the     
listing of the Company on the main boards of both the London and                
Johannesburg Stock Exchanges on 08 November 2007.                               
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           
Marcel Goncalves / 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 February 2012                                                                
JSE Sponsor                                                                     
Merchantec Capital                                                              
Date: 27/02/2012 15:00:02 Supplied by www.sharenet.co.za                     
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