Gold Fields Sells Stake in Sino Gold for US$282 Million

JOHANNESBURG, June 3 /PRNewswire-FirstCall/ — Gold Fields Limited (Gold
Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that agreement
has been reached in terms of which Gold Fields will sell its current 19.9%
stake in Sino Gold Mining Limited ( Sino Gold) (ASX: SGX, HKSE: 1862) to
Eldorado Gold Corporation (Eldorado) (TSX: ELD, NYSE-A: EGO) for a total
consideration of approximately US$282 million*.

Gold Fields will receive a share exchange ratio of 48 Eldorado shares for
every 100 Sino Gold shares, which will result in Gold Fields holding
27,824,654 Eldorado shares or approximately 7% of the outstanding shares of
Eldorado on a fully diluted basis.

In addition, Gold Fields will hold a top-up right for a period of 18
months, which will apply should Eldorado purchase an additional 5% or more of
the outstanding shares of Sino Gold and the sellers in that transaction
realize a consideration ratio in excess of the share exchange ratio of 0.48
Eldorado shares per Sino Gold share received by Gold Fields.

Nick Holland, Chief Executive Officer of Gold Fields, said: “After having
received several expressions of interest for our stake in Sino Gold, we
believe that this transaction is the most value creating for our shareholders
because it has enabled us to crystallise the value of our investment while
retaining exposure to China as a potential area for the future.

Holland added that this sale did not detract in any way from Gold Fields’
strategy to grow its international production: “We have definitely not
changed course and our aspiration to grow production in each of our three
international regions, West Africa, South America and Australasia, to at
least 1 million ounces per annum, within a three to five year time horizon,
remains intact. Gold Fields will retain some exploration joint ventures with
Sino over the Jinshu project and other nominated properties in China, while
strengthening its own team in China, to allow for independent growth in that
country.

The transaction is subject to regulatory approvals, including South
African Reserve Bank approval and is expected to close at the end of August
2009.

*Based on the closing price of Eldorado on 2 June 2009

About Gold Fields

Gold Fields Limited is one of the world’s largest unhedged producers of
gold with attributable steady state production of approximately 4 million
ounces per annum from nine operating mines in South Africa, Peru, Ghana and
Australia. The company has total attributable ore reserves of 83 million
ounces and mineral resources of 251 million ounces. Gold Fields is listed on
the JSE Limited (primary listing), New York Stock Exchange (NYSE), NASDAQ
Dubai Limited (NASDAQ Dubai), NYSE Euronext in Brussels (NYX) and Swiss
Exchange (SWX). For more information please visit the Gold Fields website at
http://www.goldfields.co.za.

About Eldorado

Eldorado is a gold producing, exploration and development company
actively growing businesses in Brazil, China, Greece, and Turkey and
surrounding regions. Eldorado is one of the lowest cost pure gold producers
and has international expertise in mining, finance and project development,
together with highly skilled and dedicated staff, Eldorado is well positioned
to grow in value by pursuing new opportunities.

About Sino Gold

Sino Gold has been active in China since 1996 and owns 82% of the Jinfeng
gold mine in Guizhou Province, southern China, which has Mineral Resources
containing 4.6 million ounces and Ore Reserves containing 3.2 million ounces.
Jinfeng will be one of the largest gold mines in China when the project
achieves planned initial production of 180,000 ounces per annum. Sino Gold aims to increase Jinfeng’s gold production to optimal levels as quickly as
possible. The White Mountain project in Jilin Province, northeast China, is
now being developed into Sino Gold’s second mine. In December 2007, Sino Gold completed the takeover of Golden China Resources Corporation and announced
the Eastern Dragon acquisition. Sino Gold now has projects that provide a
clear pathway for the Company to produce 500,000 ounces of low-cost gold
annually by 2010 Sino Gold is a producing gold company actively pursuing a
discovery and acquisition strategy in China. With a “first mover” advantage,
it holds a strong competitive position in China. Sino Gold is listed on the
Australian Securities Exchange (ASX Code: SGX) and the Stock Exchange of Hong
Kong (SEHK Code: 1862).

SOURCE Gold Fields Limited