Board Changes

Central Rand Gold Limited

("CRG" or the "Company" or the "Group")

(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 2007/0192231/10)

ISIN: GG00B24HM601

Share code on LSE: CRND

Share code on JSE: CRD

31 May 2011

Board Changes

The Company announces that in accordance with the decision of the directors to reduce the Board to the minimum size stipulated in the Articles, as set out in the 2010 Annual Report, Nicholas Farr-Jones, a Non-executive Director of the Company, does not intend to stand for re-election at this year's annual general meeting. Mr Farr-Jones will cease to be a director of the Company following the Company's AGM due to be held at 11.00am on 24 June 2011.

In addition Jerome Brauns, also a Non-executive Director of the Company has indicated that he will tender his resignation as such following the Company's AGM, thus achieving the reduced number of directors with effect from the end of the AGM.

Michael McMahon, Chairman of CRG commented:

"Nick has been with the Company since it was founded in 2007, whilst Jerome joined the Company in February 2010. The board would like to thank both Nick and Jerome for their contributions as directors and wish them all the best for the future."

Issued on behalf of: Central Rand Gold Limited

Contact:

Johan du Toit +27 (0) 11 674 2304

Patrick Malaza +27 (0) 11 674 2304

Enquiries:

Evolution Securities Limited +44 (0) 20 7071 4300

Chris Sim / Neil Elliot

Buchanan Communications Limited +44 (0) 20 7466 5000

Bobby Morse / Katharine Sutton /

James Strong

Jenni Newman Public Relations +27 (0) 11 772 1033

Pty) Ltd

Jenni Newman