Result of AGM

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

27 June 2011

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the Annual General Meeting of CRG held at 11.00 a.m. on 24 June 2011 (UK time), resolutions 1, 2 and 3 were passed by shareholders on a show of hands. Following a poll, requested by the Chairman, resolution 4, an ordinary resolution, and resolution 5, an extraordinary resolution, failed to be passed by the shareholders as the requisite percentage of votes required was not obtained.

At the AGM the following resolutions were put to the meeting as ordinary resolutions:

1. To receive and consider the Company's annual accounts for the financial year ended 31 December 2010 together with the directors' and auditors' reports on the annual accounts.

2. To re-appoint KPMG LLP as auditors to the Company to hold office from the conclusion of the meeting until the conclusion of the next meeting at which accounts are laid before the Company and to authorise the directors to fix their remuneration.

3. To re-elect Michael McMahon as a director of the Company who retires by rotation in accordance with Article 16.6 of the Articles and being eligible offers himself for re-election.

4. To approve the Directors remuneration report for the financial year ended 31 December 2010.

The following resolution was put to the meeting as an extraordinary resolution:

5. That the directors be and are hereby empowered to allot equity securities wholly for cash pursuant to the authority conferred by Article 4.1 and Article 10.6 of the Articles as if Article 10.1 of the Articles did not apply to any such allotment, provided that this power shall be limited to the allotment of equity securities:

a. in connection with an offer of such securities by way of rights to holders of shares in proportion (as nearly as may be practicable) to their respective holdings of such shares, but subject to such exclusions or other arrangements as the directors may deem necessary or expedient in relation to fractional entitlements or any legal or practical problems under the laws of any territory, or the requirements of any regulatory body or stock exchange or otherwise; and

b. otherwise than and in addition to pursuant to sub-paragraph (a) of this resolution up to a maximum aggregate nominal amount equal to £799,841 (being approximately 5 per cent. of the issued share capital of the Company as at 29 April 2011);

and provided that this authority shall expire on the 15 month anniversary of the date of this resolution or on the conclusion of the Company's next general meeting if earlier save that the Company may, before such expiry make an offer or agreement which would or might require equity securities to be allotted after such expiry and the directors may allot equity securities in pursuance of any such offer or agreement notwithstanding that the power conferred hereby has expired and in this resolution the expression "equity securities" and references to the "allotment of equity securities" shall bear the same respective meanings as in Article 1.1 of the Articles.

The proxy votes cast before the meeting in respect of the individual resolutions were as follows:

Issued ordinary share capital as at 24 June 2011: 1,599,682,990

Issued on behalf of: Central Rand Gold Limited

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