Renewal of cautionary announcement regarding the offer by Wits Gold for the acquisition of Southgold Exploration Proprietary Limited

February 17, 2014

Witwatersrand Consolidated Gold Resources Limited

(Incorporated in the Republic of South Africa)

Registration Number 2002/031365/06


ISIN: ZAE000079703


CUSIP Number: S98297104

(“Wits Gold” or the “Company”)

JOHANNESBURG, Feb. 17, 2014 /CNW/ – Further to the cautionary
announcements by the Company released on SENS and filed on SEDAR dated
Monday, 6 January 2014, Tuesday, 12 November 2013, Tuesday, 1 October
2013, Monday, 19 August 2013, Friday, 5 July 2013, and Friday, 21 June
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.

Upon the detailed transaction agreements pertaining to the Offer having
been finalised, 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.

Shareholders are further referred to the joint Firm Intention
Announcement by Sibanye Gold Limited and Wits Gold, dated 11 December
2013, as well as further announcements by the Company, dated
13 December 2013 and 12 February 2014 respectively, as released on SENS
and filed on SEDAR, and are advised that, should the Scheme be approved
by shareholders and consequently be implemented, an application will be
made to the relevant authorities for the delisting of all Wits Gold
shares from the JSE Limited and the Toronto Stock Exchange, the
termination of the Wits Gold American Depository Receipt programme, and
for Wits Gold to cease being a reporting issuer in Canada.


17 February 2014

Corporate Adviser

Qinisele Resources Proprietary Limited

Lead JSE Sponsor

Macquarie First South Capital Proprietary Limited

JSE Sponsor

PricewaterhouseCoopers Corporate Finance Proprietary Limited

South African Legal Adviser

Brink Falcon Hume Inc

Canadian Legal Adviser

Stikeman Elliott

SOURCE Wits Gold

Source: PR Newswire

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