Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP NUMBER: S98297104
(‘Wits Gold’ or ‘the Company’)

JOHANNESBURG, Nov. 16, 2012 /CNW/ – The Wits Gold Share Incentive and
Retention Scheme was approved at the Company’s Annual General Meeting
held on 12 October 2007. In terms of the rules of the Scheme, all
Company employees become eligible to participate therein and to acquire
shares at no cost to the employee. The current shares were allocated to
each participant in February 2010, vesting annually over a three year
period, and are the final shares to vest. Accordingly, in terms of rule
3.70 of the JSE requirements, the directors have no discretion in the
directors’ dealing transactions. All shares awarded in terms of this
scheme were fully issued prior to the Company’s listing on the JSE Ltd
in April 2006 and therefore do not dilute the existing shareholders.

Accordingly, in compliance with Rules 3.63 – 3.74 of the JSE Listings
Requirements, Wits Gold wishes to disclose the following dealings
relevant to its directors and officers:

These transactions were done off-market

Johannesburg
16 November 2012

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

SOURCE Wits Gold