Change of Sponsor

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

Change of Sponsor

Shareholders are hereby advised that Central Rand Gold has with immediate effect appointed Merchantec Capital as Sponsor to the company in terms of its listing on JSE Limited.

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

Merchantec Capital +27 (0) 11 325 6363

Roger Pitt / Marcel Goncalves /

Monique Martinez

Buchanan +44 (0) 20 7466 5000

Bobby Morse / Katharine Sutton /

James Strong

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

Pty Ltd

Jenni Newman