RESULTS OF ANNUAL GENERAL MEETING

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

RESULTS OF ANNUAL GENERAL MEETING

The Company is pleased to announce that at its Annual General Meeting held at 11.00 a.m. on 28 June 2010 (UK time), all of the Resolutions proposed by the Directors were passed by shareholders.

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 2009 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 elect Patrick Malaza as a director of the Company who was appointed after the last Annual General Meeting in accordance with Article 16.7 of the Articles of the Company (the "Articles") and being eligible offers himself for election.

4. To elect Jerome Brauns as a director of the Company who was appointed after the last Annual General Meeting in accordance with Article 16.7 of the Articles and being eligible offers himself for election.

5. To re-elect Johan du Toit 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.

6. To re-elect Miklos Salamon 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.

7. To approve the grant of a maximum of 300,000 shares in the Company ("Shares") from Carey Pensions and Benefits Limited, the trustees of the CRG Benefit Trust, to Jerome Brauns at a price of £0.01 per Share to be transferred as follows:

a. 100,000 Shares on the date this resolution is passed by the Shareholders in general meeting;

b. 100,000 Shares on the first anniversary of the date Jerome Brauns became a director of the Company; and

c. 100,000 Shares on the second anniversary of the date Jerome Brauns became a director of the Company.

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

8. 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 £135,805 (being approximately 5 per cent. of the issued share capital of the Company as at 29 April 2010);

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 were as follows:-

Issued ordinary share capital as at 28 June 2010: 271,611,610

Issued on behalf of: Central Rand Gold Limited

Date: 28 June 2010

For further information, please contact:

Central Rand Gold +27 (0) 11 551 4000

Johan du Toit / Patrick Malaza

Evolution Securities Limited +44 (0) 20 7071 4300

Simon Edwards / Chris Sim / Neil Elliot

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

Annerie Britz / Melanie de Nysschen / Manisha Ramlakhan

Buchanan Communications +44 (0) 20 7466 5000

Bobby Morse / Katharine Sutton

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

Jenni Newman / Megann Outram