Media Release Gold One Merges West Rand Assets with Sibanye Gold for 17% Equity Interest

GOLD ONE INTERNATIONAL LIMITED ("Gold One" or the company ) Media Release Gold One Merges West Rand Assets with Sibanye Gold for 17% Equity Interest Highlights Gold One to merge its 74% interest in Rand Uranium and Ezulwini for a consideration of 17% of Sibanye Gold ordinary shares Gold One will have the right to nominate three individuals for election to serve as non-executive directors on the Sibanye Gold Board Gold One s cash inflow is expected to increase as a result of Sibanye Gold s dividend policy Diversification of risk through exposure to Sibanye Gold s higher grade mining operations, especially in light of volatile gold price environment Sibanye Gold s cash generation will be better able to fund the surface tailings retreatment project s capital expenditure, while Gold One will retain proportionate exposure JOHANNESBURG 21 August, 2013. Gold One International Limited (ASX and JSE: GDO) is pleased to announce that it has entered into an agreement with Sibanye Gold Limited ( Sibanye Gold ) to merge its 74% shareholding in and claims against Newshelf 1114 Proprietary Limited ( Newshelf ), which holds a 100% shareholding in Rand Uranium Proprietary Limited ( Rand Uranium ) being the Cooke 1-3 Underground Operations and Randfontein Surface Operations and, which will also hold 100% of Ezulwini Mining Company Proprietary Limited ( Ezulwini ) after an internal restructuring being the Cooke 4 Underground Operation in exchange for a 17% interest in the fully diluted share capital of Sibanye Gold through the issue of new ordinary shares ( the Proposed Transaction ). The consortium of Chinese shareholders, which includes Baiyin Nonferrous Group Company Limited, the China-Africa Development Fund, Long March Capital Limited and CITIC Kingview Capital Management Company Limited and holds 90% of Gold One, considers this a strategic stake in Sibanye Gold and strongly supports Sibanye Gold s business strategy and objectives. 1. About Sibanye Gold Sibanye Gold is a South African gold mining company which is forecast to produce 1.35 million ounces from its Kloof, Driefontein and Beatrix operations in the West Witwatersrand and Free State Gold Fields in 2013, making it one of the largest gold producers in South Africa and among the top 10 global gold producers. The strong cashflows from Sibanye Gold s operations will be invested in the existing operations to extend the life of its mines and improve dividend payouts to shareholders. Sibanye Gold has a robust dividend policy to return between 25% and 35% of normalised earnings to shareholders and, subject to debt restrictions and free cashflow, will also consider paying special dividends. The company has a strategy to fully utilise its free cashflows for the benefit of the company and its stakeholders. Since February 2013 Sibanye Gold has restructured its operations and implemented a revised operating strategy that has positively impacted production and cost. The restructuring exercise will continue during the remainder of 2013 to further reduce costs and improve efficiencies. During the first half of 2013 Sibanye Gold produced 20,413 kilograms (656,300 ounces) of gold at a total cash cost of ZAR 289,031/kg (US$ 1,125/oz). Operating profit of ZAR 3.3 billion (US$ 363 million) and available cash of ZAR 2.1 billion (US$ 206 million) with net debt of ZAR 1.9 billion (US$ 188 million) was also recorded for the same period. For the 2013 year, gold production is estimated at 42,000 kilograms (1.35 million ounces) at a total cash cost of ZAR 290,000/kg. 1

The Kloof, Driefontein and Beatrix mines have proud operating histories and still possess some of the highest gold grades and largest known gold resources in the South African gold mining industry, as outlined below. Sibanye Gold Classified Mineral Resource and Mineral Reserve Statement Classification Beatrix Tonnes (Mt) Mineral Resources (100%) 31 December 2012 Grade (g/t) Gold (Moz) Classification Mineral Reserves (100%) Dec 2011 31 December 2012 Gold (Moz) Tonnes (Mt) Measured AI 18.5 7.1 4.252 4.555 Proved AI 9.6 4.7 1.462 3.437 Indicated AI 13.2 7.2 3.053 5.980 Probable AI 14.4 4.0 1.859 1.465 Inferred AI - - - 0.585 Total Above Infrastructure 31.7 7.0 7.305 11.120 Total Above Infrastructure 24.0 4.3 3.321 4.901 Indicated BI 2 5.4 5.7 0.981 - Probable BI 2 - - - - Total Beatrix underground 37.2 6.9 8.286 11.120 Total Beatrix underground 24.0 4.3 3.321 4.901 Driefontein Beatrix Driefontein Measured AI 22.7 13.9 10.177 9.312 Proved AI 7.1 7.9 1.802 2.693 Indicated AI 10.7 12.0 4.147 5.595 Probable AI 10.5 7.2 2.424 3.689 Total Above Infrastructure 33.4 13.3 14.324 14.907 Total Above Infrastructure 17.5 7.5 4.226 6.382 Indicated BI 3 26.3 9.2 7.775 10.092 Probable BI 3 - - - - Total Driefontein underground 59.7 11.5 22.099 24.999 Total Driefontein underground 17.5 7.5 4.226 6.382 Kloof Measured AI 16.9 14.5 7.883 8.396 Proved AI 10.8 9.8 3.421 3.021 Indicated AI 48.3 7.7 11.971 11.196 Probable AI 9.6 6.6 2.041 3.930 Total Above Infrastructure 65.2 9.5 19.854 19.592 Total Above Infrastructure 20.5 8.3 5.462 6.951 Indicated BI 3 20.4 15.5 10.088 9.341 Inferred BI 3 17.7 16.8 9.552 9.502 Total Below Infrastructure 38.1 16.0 19.640 18.843 Total Below Infrastructure - - - - Total Kloof underground 103.3 11.9 39.494 38.435 Total Kloof underground 20.5 8.3 5.462 6.951 Surface Tailings Facilities* Kloof Surface Tailings Facilities* Beatrix - - - Beatrix - - - - Driefontein TSF (Measured) 121.2 0.4 1.516 1.516 Driefontein - - - 1.299 Kloof TSF (Measured) 250.4 0.3 2.219 2.219 Kloof - - - 1.618 Total TSF s 371.6 0.3 3.735 3.735 Total TSF s - - - 2.917 Surface Rock Dumps Surface Rock Dumps Beatrix (Indicated) 11.7 0.4 0.148 0.156 Beatrix (Probable) 4.0 0.3 0.037 0.057 Driefontein (Indicated) 5.9 0.7 0.142 0.142 Driefontein (Probable) 5.9 0.7 0.142 0.142 Kloof (Indicated) 17.3 0.6 0.342 0.185 Kloof (Probable) 17.3 0.6 0.342 0.185 Total SRD 34.9 0.5 0.632 0.483 Total SRD 27.2 0.6 0.521 0.384 Total Surface (TSF & SRD) 406.5 0.4 4.367 4.218 Total Surface (TSF & SRD) 27.2 0.6 0.521 3.301 Grand Total 606.6 3.8 74.246 78.772 Grand Total 89.2 4.7 13.530 21.534 Grade (g/t) Gold (Moz) Dec 2011 Gold (Moz) Notes: Al = Above Infrastructure; Bl = Below Infrastructure.

Mineral Resources are inclusive of Mineral Reserves. All tonnes (t) relate to metric units. Rounding-off of figures may result in minor computational discrepancies, where this happens it is not deemed significant. Mineral resources were determined at ZAR 420,000/kg, while the mineral reserves were determined at ZAR 380,000/kg. 1 Managed, unless otherwise stated. 2 Beatrix BI refers to material below 26 level (1,341 metres below surface). 3 BI refers to material below 50 level (3,300 metres below surface) at Driefontein and below 45 level (3,347 metres below surface) at Kloof. * Figures based on pre-feasibility study conducted in 2012. 2. About Gold One s Rand Uranium and Ezulwini Assets Gold One acquired 100% of Rand Uranium for US$ 250 million on 6 January 2012, and 100% of Ezulwini for US$ 70 million on 23 July 2012, as part of its strategy for consolidation of South African gold assets with attractive development potential. As part of the turnaround and development of the assets, both operations management teams were restructured and significant capital was invested to position the underground and surface operations to capitalise on growth opportunities. Sibanye Gold was identified as a suitable development partner to further advance these opportunities and thereby extend the life of these assets. Rand Uranium s Cooke 1-3 underground mines form a well-established gold mining operation with a significant gold and uranium mineral resource and reserve base. The mines extensive uranium resources provide an opportunity to realise a gold and uranium co-product strategy, which will facilitate reduced unit gold production cash costs with uranium by-product credits. In addition, optimal co-product planning has the potential to extend the life of the operations. Ezulwini, which includes the Cooke 4 underground shaft contiguous to the Cooke 1-3 Underground Operations, provides seamless regional consolidation with the larger Cooke shaft complex. Ezulwini also has a gold and uranium metallurgical complex that includes a gold plant with a nameplate capacity of up to 200,000 tonnes per month and a uranium plant with a nameplate capacity of up to 100,000 tonnes per month. This metallurgical complex is able to accommodate the underground ore from all four Cooke shafts. In addition to the underground operations, Gold One currently operates a surface retreatment operation. The Randfontein Surface Operation is run by a highly qualified team with experience in the reclamation and processing of surface sources and is currently focused on: The optimisation of the current surface operation The Cooke Gold Plant Optimisation Project, the objective of which is to convert the current mechanical reclamation of sand and slime to hydraulic reclamation and increase the plant s throughput capacity from 300,000 to 400,000 tonnes per month The West Rand Tailings Joint Venture Project with Sibanye Gold, which underpins an opportunity to extract value from both parties surface resources. The surface scope includes the reclamation and retreatment of historical and current tailings including that of the Cooke Tailings Dam (three-to-four times the average uranium grade of the district) as well as the Driefontein 3 and 5 Tailings dams (almost double the average gold grade of the district). These feed sources will essentially pay for a significant portion of the capital required to construct the metallurgical infrastructure required to retreat the 900 million tonnes of surface material available, and adhere to the environmental considerations of depositing the residues in accordance with modern sustainable deposition practices.

3. Project Pipeline In addition to the existing gold operations, a number of other development projects that are part of the Rand Uranium and Ezulwini complex offer further tangible upside potential that can be realised in the medium term. Cooke Uranium Project The Cooke Uranium Project considers the recommissioning of the Cooke 4 (Ezulwini) uranium plant to treat uranium bearing ore from the Cooke 1-4 shafts, enabling the Cooke Underground Operations to implement the co-product mining strategy and thereby increase mining reserves and improve profitability. The feasibility study, targeting ore containing economic gold and uranium, has been completed. Zuurbekom Project The Zuurbekom Project is an exploration project adjacent to the Cooke 1 and 2 shafts of the Cooke Underground Operations. An underground exploration and development programme is required to improve resource confidence to the east of the Cooke 1 boundary and thereby extend the life of Cooke 1. The close proximity of the existing Cooke 1 and Cooke 2 underground infrastructure would allow development of this project to be significantly fast tracked. Cooke Shaft Backfill Project Substantial opportunities have been identified to mine historical high grade gold bearing pillar areas of the Cooke Underground Operations. These areas can be selectively extracted and present high margin, lower volume operations that will impact positively on total mine profitability and mining flexibility. 4. Transaction Rationale As a fully independent, unhedged gold company with a strong operating philosophy, Sibanye Gold is leveraged to the South African Rand gold price and is currently generating significant cashflows, both for dividends and reinvestment in project capital expenditure. Sibanye Gold and Gold One believe that further development of the Rand Uranium and Ezulwini assets will be optimsed through the proposed merger in ownership. The planned merger will allow for improved production flexibility, capital allocation, synergies in management coordination and procurement and other benefits of integration and adjacency, all of which will assist in optimising the operations. Key to the operations reduction in operating costs and improved profitability is the Cooke Uranium Project. Uranium co-product planning has the potential to extend the life of the operations by enhancing current gold resources. The uranium co-product strategy also provides the necessary critical mass, skills and expertise to unlock the uranium potential at Sibanye Gold s Beatrix Mine. The majority of Sibanye Gold s production comes from the Driefontein and Kloof gold mines in the West Rand, contiguous to the Cooke Underground and Randfontein Surface Operations. Sibanye Gold has a dedicated organisational effectiveness team that is not only focusing on consolidating all supporting and technical services functions to ensure cost effective and efficient support for the operating units, but is also engaged in simplifying management structures and removing unnecessary layers to reduce costs and improve communication and response times.

Following the completion of the Proposed Transaction, the Randfontein Surface Operations team, which has to date managed the West Rand Joint Venture, will continue to progress the West Rand Surface initiative and build and develop a significant surface retreatment business under the ownership of Sibanye Gold. The West Rand Tailings Retreatment Project, which is capable of exploiting the surface gold and uranium potential of the region, will reinforce Sibanye Gold s position as a dominant player in the West Rand. Ownership of the assets will enable Sibanye Gold to bring to account the 3.7 million ounces of measured gold mineral resource (at 0.27 grams per tonne) 1 contained in its surface tailings on its own lease area and 2.7 million ounces of measured and indicated gold mineral resources (including 312.6 million tonnes at 0.271 grams per tonne) and 54.78 million pounds of measured and indicated uranium mineral resources (including 288.1 million tonnes grading at 0.086 kilograms per tonne) owned by Newshelf (refer to Gold One website), in a low risk surface reclamation operation, capable of producing 300,000 ounces of gold per annum with uranium as a co-product. 1 Competent Person s Report on the South African Material Assets of Beatrix, Driefontein and Kloof Gold Mine. Report Number 453638 October 2012 prepared by SRK Consulting (SA) Proprietary Limited. By obtaining a strategic stake in the equity of Sibanye Gold through a relative valuation merger of the Rand Uranium and Ezulwini assets, Gold One will acquire a healthy dividend stream and retain indirect exposure to the Rand Uranium and Ezulwini assets growth value. 5. Proposed Transaction Gold One and Sibanye Gold have entered into a binding agreement that, after the fulfillment of the conditions precedent contained therein (referred to in section 6 below), Gold One will transfer all of its shares in and claims against Newshelf to Sibanye Gold against the allotment and issue of the consideration shares to Gold One. In recognition of the strategic relationship established through the Proposed Transaction, Gold One shall be entitled to nominate three individuals for election by the Sibanye Gold shareholders as directors of Sibanye Gold, to serve as non-executive directors on the Sibanye Gold Board. The Proposed Transaction is subject to warranties and representations normal for a transaction of this nature. Interim Management Two of the conditions precedent to the Proposed Transaction are the consent to the transaction by the Competition Tribunal and consent from the Minister of Mineral Resources in terms of Section 11 of the Mineral Petroleum and Resources Development Act 2002 ( Section 11 approval ). Until such time as the Competition Tribunal has approved the Proposed Transaction, Gold One will maintain managerial control of the Cooke Underground Operations and Randfontein Surface Operations. Once Competition Tribunal approval has been received, and subject to an interim management agreement being concluded, it is the intention that Sibanye Gold will assume responsibility for the management of the businesses and mining activities of Ezulwini and Rand Uranium. 6. Conditions Precedent The implementation of the Proposed Transaction is both subject to and conditional upon the fulfillment of, inter alia, the following conditions precedent: a. The approval of the Proposed Transaction, where so required, by any third party financier or security holder of Gold One and Sibanye Gold

b. The shareholders of Sibanye Gold passing such resolutions required to approve and implement the Proposed Transaction c. The shareholders of Gold One passing such resolutions required to approve and implement the Proposed Transaction, if required d. All necessary approvals having been obtained from, including but not limited to: i. Section 11 approval ii. The JSE Limited iii. The South African Reserve Bank, to the extent required iv. The Competition Tribunal, as provided for in the Competition Act, 1998 v. All Chinese regulatory approvals required by the Consortium e. Completion of the internal restructure pertaining to Newshelf obtaining a 100% holding in Ezulwini f. A material adverse change not having occurred, unless it has been remedied the by closing of the Proposed Transaction. 7. Implementation of the Proposed Transaction The Proposed Transaction is expected to become unconditional and be implemented within four to six months. Gold One Acting CEO Christopher Chadwick comments: This is an exciting development in the evolution of Gold One. As a potential strategic shareholder of Sibanye Gold, we will be able to participate in Sibanye Gold s growth. With its strong cashflow, management expertise and existing asset portfolio Sibanye Gold is well positioned to optimise the significant synergistic opportunities that exist not only within the Cooke Underground Operations and Randfontein Surface Operations, but also between these operations and its existing Beatrix, Kloof and Driefontein mines. The joint venture surface tailings treatment project between Gold One s West Rand assets and Sibanye Gold holds further potential to become a low risk fourth mine for Sibanye Gold. With an approximate 17% shareholding we look forward to participating in Sibanye Gold s growth and translating its success into the development of the Modder East Complex our Modder East Operation and project pipeline. For and on behalf of Gold One: JSE Sponsor: Macquarie First South Capital South African Legal Advisor: Edward Nathan Sonnenbergs Corporate Advisor: Long March Capital ENDS Issued by Gold One International Limited www.gold1.co.za Christopher Chadwick CFO and Acting CEO +27 11 726 1047 (office) +27 71 681 6450 (mobile) chris.chadwick@gold1.co.za Grant Stuart VP Investor Relations +27 11 726 1047 (office) +27 82 602 5992 (mobile) grant.stuart@gold1.co.za

About Gold One Gold One is a dual listed (ASX/JSE: GDO) mid-tier mining group with gold operations and gold and uranium prospects across Southern Africa, and is focused on developing and mining low technical risk, high margin precious metal resources in diversified jurisdictions. The company s flagship Modder East gold mine, commissioned in 2009, distinguishes itself from most other gold mines in South Africa owing to its shallow nature (300 to 500 metres below surface.) The Modder East Operations have continued to ramp up in production and produced 97,958 ounces of gold at an average cash cost of US$ 686/oz during 2012. This was derived from 474,754 Black Reef milled tonnes at an average recovered grade of 6.00 grams per tonne as well as the milling of 139,887 tonnes of low grade development ore and waste with an average recovered grade of 1.43 grams per tonne. The Modder East Metallurgical Plant maintained recoveries of 95% for 2012. At the beginning of 2012, the Gold One Group expanded with the acquisition of Rand Uranium ProprietaryLimited, which comprised the Cooke 1, 2 and 3 Underground Operations and the Cooke surface assets (now known as the Randfontein Surface Operations) located in the West Rand, 30 kilometres from Johannesburg. Through Gold One s purchase of Rand Uranium, the company has also acquired one of the world s most advanced uranium projects, which envisages recovering uranium, gold and sulphur from the above surface Cooke Tailings Dam. The Cooke Tailings Facility has a code compliant resource of 0.8 million ounces of gold and 34 million pounds of uranium. This exciting opportunity is being further explored with Sibanye Gold Limited as part of a larger surface retreatment strategy on the West Rand. During mid-2012 Gold One also completed its transaction with the First Uranium Corporation and acquired 100% of the Ezulwini Mining Company Proprietary Limited, giving the company access to gold and uranium processing plants with nameplate capacities of 200,000 and 100,000 tonnes per month respectively. Ezulwini (now known as Cooke 4) is contiguous to the company s Cooke Underground and Randfontein Surface operations and forms part of the Cooke Underground Operations. Access to the uranium production facility allows for near term production of uranium from underground ore mined at Cooke. In addition, the sharing of services between Cooke 4 and Cooke 1-3 facilitates a reduction in operating costs. For the 2012 year, the Cooke 1-3 Underground Operations produced 98,451 ounces at an average cash cost of US$ 1,558/oz. This production was derived from the treatment of 961,802 milled tonnes at an average recovered grade of 3.17 grams per tonne as well as the treatment of 39,650 milled tonnes of low grade development and waste material at an average recovered grade of 0.34 grams per tonne. Plant recoveries for the operation were 95% for 2012. Since Gold One assumed managerial control, Cooke 4 produced gold in the months of August, September and December only due to illegal industrial action that temporarily halted the operation during October and November. For the three months 8,493 ounces were produced. Total production for 2012 comprised 82,951 milled tonnes at an average recovered grade of 3.18 grams per tonne. Due to the fact that the metallurgical plant was stopped for two months during the illegal industrial action, plant recoveries averaged 82% over the reporting period. For the 2012 year the Randfontein Surface Operations produced 36,853 ounces from 3,286,633 milled tonnes at an average cash cost of US$ 1,137/oz. Recovered grades during the year averaged 0.349 grams per tonne, with a gold recovery rate of 72%. The Gold One Group is majority-owned by a consortium comprising Baiyin Non-Ferrous Group Company Limited, the China-Africa Development Fund, and Long March Capital Limited, and has an issued share capital of 1,421,538,989 shares. This news release does not constitute investment advice. Neither this news release nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of securities in any jurisdiction. Forward-Looking Statement This release includes certain forward-looking statements and forward-looking information. All statements other than statements of historical fact included in this release including, without limitation, statements regarding future plans and objectives of Gold One International Limited are forward-looking statements (or forward-looking information) that involve various risks, assumptions and uncertainties. There can be no assurance that such statements will prove to be accurate and actual values, results and future events could differ materially from those anticipated in such statements. Important factors could cause actual results to differ materially from Gold One s expectations. Such factors include, among others: the actual results of exploration activities; actual results of reclamation activities; the estimation or realisation of mineral reserves and resources; the timing and amount of estimated future production; costs of production; capital expenditures; costs and timing of the development of Modder East and new deposits; availability of capital required to place Gold One s properties into production; the ability to obtain or maintain a listing in South Africa, Australia, Europe or North America; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other commodities; possible variations in ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, economic and financial market conditions; political risks; Gold One s hedging practices; currency fluctuations; title disputes or claims limitations on insurance coverage. Although Gold One has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.

Any forward-looking statements in this release speak only at the time of issue. There can be no assurance that such statements will prove to be accurate as actual values, results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gold One does not undertake to update any forward-looking statements that are included herein, or revise any changes in events, conditions or circumstances on which any such statement is based, except in accordance with applicable securities laws and stock exchange listing requirements. Competent Persons Statement The information in this release that relates to exploration results, mineral resources or ore reserves is based on information compiled by the following Competent Persons for the purposes of both the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ( JORC Code ) and the 2007 Edition of the South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves ( SAMREC Code ): The overall Competent Person for the Gold One Group is Dr Richard Stewart, who has a doctorate in geology and who is a professional natural scientist registered with the South African Council for Natural Scientific Professions ( SACNASP ), membership number 400051/04. Dr Stewart is also a member of the Geological Society of South Africa ( GSSA ) and is Executive Vice President: Technical Services for Gold One, with which he is a full-time employee, and has 13 years experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person for the purposes of both the JORC Code and the SAMREC Code. The Competent Person for Sibanye Gold Limited is Mr Gerhard Janse van Vuuren, who has a bachelor s degree in technology (mineral resource management) and who is a professional natural scientist registered with SACNASP, membership number 400162/07. Mr van Vuuren is the Head of Mine Planning and Mineral Resource Management for Sibanye Gold, with which he is a full-time employee, and has 25 years experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person for the purposes of the SAMREC Code. Further information on Gold One s resource statement is available in the pre-listing statement of Gold One International Limited issued on 19 December, 2008, and in the resource statements released in the Gold One 2012 Annual Report, released on 28 February 2013 on the ASX MAP, JSE SENS and the Gold One website. The company s resource statements are also available on the Gold One website. SAMREC and JORC Terminology In addition, this release uses the terms indicated resources and inferred resources as defined in accordance with the SAMREC Code, prepared by the South African Mineral Resource Committee (SAMREC), under the auspices of the South African Institute of Mining and Metallurgy (SAIMM), effective March 2000 or as amended from time to time and where indicated in accordance with the Canadian National Instrument 43-101 Standards for Disclosure for Mineral Projects. The terms indicated resources and inferred resources are also defined in the 2004 Edition of the JORC Code, prepared by the Joint Ore Reserves Committee (JORC) of the Australasian Institute of Mining and Metallurgy (AusIMM), the Australian Institute of Geoscientists (AIG) and the Minerals Council of Australia (MCA). [The use of these terms in this release is consistent with the definitions of both the SAMREC Code and the JORC Code.] A mineral reserve (or ore reserve in the JORC Code) is the economically mineable part of a measured or indicated resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate at the time of reporting that economic extraction can be justified. A mineral reserve includes diluting materials and allows for losses that may occur when the material is mined. A proven mineral reserve (or proved ore reserve in the JORC Code) is the economically mineable part of a measured resource for which quantity, grade or quality, densities, shape and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters to support production planning and evaluation of the economic viability of the deposit. A probable mineral reserve (or probable ore reserve in the JORC Code) is the economically mineable part of an indicated mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. A mineral resource is a concentration or occurrence of natural, solid, inorganic or fossilised organic material in or on the earth s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge. A measured mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drillholes that are spaced closely enough to confirm both geological and grade continuity. An indicated mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate

application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drillholes that are spaced closely enough for geological and grade continuity to be reasonably assumed. An inferred mineral resource is that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited exploration and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drillholes. Mineral resources which are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that all or any part of the mineral deposits in the measured and indicated resource categories will ever be converted into reserves. In addition, inferred resources have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will be ever be upgraded to a higher category. Under South African and Australian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except under conditions noted in the SAMREC Code and the JORC Code, respectively. Investors are cautioned not to assume that all or any part of an inferred resource exists or is economically or legally mineable. Exploration data is acquired by Gold One and its consultants under strict quality assurance and quality control protocols. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.