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Last updated on April 19, 2014 at 13:20 EDT

Renewal of Cautionary Announcement Regarding the Offer by Wits Gold for the Acquisition of Southgold Exploration Proprietary Limited

August 19, 2013

WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED

(Incorporated in the Republic of South Africa)

Registration Number 2002/031365/06

JSE Code: WGR

ISIN: ZAE000079703

TSX Code: WGR

CUSIP Number: S98297104

(“Wits Gold” or the “Company”)

JOHANNESBURG, Aug. 19, 2013 /CNW/ – Further to the cautionary announcements released by the Company on SENS
and on SEDAR dated Friday, 21 June 2013 and Friday, 5 July 2013,
shareholders are advised that the definitive transaction agreements
relating to the offer by Wits Gold to acquire Southgold Exploration
Proprietary Limited (the “Offer”) are still being negotiated which may
have a material effect on the price at which the Company’s securities
trade. Shareholders are therefore advised to continue to exercise
caution when dealing in Wits Gold’s securities until a further
announcement is made.

A full terms announcement including the pro forma financial effects of
the Offer on the reported financial information of Wits Gold, as well
as the salient dates and times relating to the implementation of the
Offer, including the effective date, will be announced to shareholders
in due course.

Johannesburg

19 August 2013

Corporate Advisor

Qinisele Resources Proprietary Limited

Lead JSE Sponsor

Macquarie First South Capital Proprietary Limited

JSE Sponsor

PricewaterhouseCoopers Corporate Finance Proprietary Limited

South African Legal Advisor

Brink Falcon Hume Inc

Canadian Legal Advisor

Stikeman Elliot

SOURCE Wits Gold


Source: PR Newswire