Appointment of Finance Director to the Board

Central Rand Gold Limited ('CRG' or 'the Company')

(Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108)

(Incorporated as an external company with limited liability under the laws of South Africa, registration number 2007/019223/10)

ISIN: GG00B24HM601

Share code on LSE: CRND

Share code on JSE: CRD

Appointment of Finance Director to the Board

The Board of the Company is pleased to announce that Mr Patrick Malaza, Chief Financial Officer, was today, 17 February 2010, formally appointed to the Board in capacity of Finance Director with effect from February 10, 2010.

Issued on behalf of: Central Rand Gold Limited

Date: 17 February 2010

For further information, please contact

Central Rand Gold

Johan du Toit / Patrick Malaza +27 (0) 11 551 4000

Evolution Securities Limited +44 (0) 20 7071 4300

Simon Edwards / Chris Sim / Neil Elliot

Macquarie First South Advisers (Pty) Ltd +27 (0) 11 583 2000

Thembeka Mgoduso / Melanie de Nysschen

Buchanan Communications Limited +44 (0) 20 7466 5000

Bobby Morse / Ben Willey / Katharine Sutton

Jenni Newman Public Relations (Pty) Ltd +27 (0) 11 506 7300

Jenni Newman / Megann Outram