PZG - Pamodzi Gold Limited - Update on Funding Process

PZG - Pamodzi Gold Limited - Update on Funding Process                          
Pamodzi Gold Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/013039/06)                                            
Share code: PZG                                                                 
ISIN: ZAE000088563                                                              
("Pamodzi Gold" or "the group")                                                 
UPDATE ON FUNDING PROCESS                                                       
Following the sanction of the court of the sale of the Pamodzi Gold Free State  
assets to Harmony Gold Mining Company Limited yesterday, shareholders are       
advised that, without the Free State assets, a viable funding solution with the 
China-Africa Development Fund ("CADF") will not be possible.  Accordingly,      
discussions with the CADF have ceased.  Further announcements regarding the     
future of Pamodzi Gold will be released in due course.                          
Bruma                                                                           
17 September 2009                                                               
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 17/09/2009 15:13:02 Supplied by www.sharenet.co.za                     
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