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, July 11, 2013 /CNW/ – Wits Gold shareholders are referred
to the detailed further cautionary announcement released on SENS and on
SEDAR on Friday, 5 July 2013 (the “Announcement“). The definitions set out in the Announcement apply to this
announcement unless otherwise stated.

Wits Gold is pleased to announce that at the Business Rescue Meeting
convened by the Practitioner today 11 July 2013, the required number of
Southgold creditors’ votes were received in favour of the Plan, which
Plan incorporates Wits Gold’s Proposed Offer to acquire the Sale Shares
in and Sale Claims against Southgold.

Subsequent to the adoption of the Plan by Southgold creditors and the
acceptance of the Wits Gold Proposed Offer by the Practitioner, Wits
Gold will now progress towards finalisation of definitive transaction
agreements. The Proposed Offer and the implementation of the Proposed
Transaction are each subject to and conditional upon the fulfilment of,
or waiver by Wits Gold of conditions precedent standard to a
transaction of this nature, including but not limited to entering into
definitive transaction documents, obtaining all necessary shareholder
and regulatory approvals, including amongst others, the Department of
Mineral Resources, approval of the Supreme Court of British Columbia,
South African competition authorities, TSX, JSE, and SARB, and Wits
Gold obtaining the necessary financing arrangements.

A full terms announcement including the pro forma financial effects on
the reported financial information of Wits Gold, as well as the salient
dates and times relating to the implementation of the Proposed
Transaction, including the effective date, will be announced to
shareholders in due course.

Conference Call

A conference call and audio webcast will be hosted by Wits Gold to
discuss the transaction at 15h00 Central African Time (CAT) on Monday,
15 July 2013. The presentation relating thereto will be available for
download on the Company’s website www.witsgold.com at 14h00 CAT on Monday, 15 July 2013.

A simultaneous webcast will be available at the following link:

http://themediaframe.eu/links/witsgold130715.html

Dial-in details:

Country	Access number
Other Countries (Intl toll)	+27 11 535 3600
Other Countries – alternate	+27 10 201 6616
South Africa (toll-free)	0 800 200 648
South Africa – Johannesburg	011 535 3600
South Africa – Johannesburg alternate	010 201 6800
UK (toll-free)	0808 162 4061
US (toll-free)	1 866 652 5200
USA (toll)	1 412 317 6060

Playback access numbers – access code 25110

Country	Access number
Other Countries (Intl toll)	+27 11 305 2030
South Africa (Telkom)	011 305 2030
UK (toll-free)	0 808 234 6771
USA and Canada (toll)	412 317 0088

Johannesburg
11 July 2013

Corporate adviser	Transaction sponsor	Sponsor
Qinisele Resources (Pty) Limited	Macquarie First South Capital (Pty) Limited	PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Legal advisers
Faskens (South Africa) Stikeman Elliott (Canada)

FORWARD LOOKING STATEMENTS

This press release contains “forward-looking information” within the
meaning of applicable securities laws including information regarding
the business of Wits Gold, the Proposed Offer and the Proposed
Transaction. Readers are cautioned not to place undue reliance on
forward-looking information. Forward‐looking information involves known
and unknown risks, uncertainties and other important factors that could
cause actual results and developments to differ materially from those
contemplated by this information. Such risks, uncertainties and other
important factors include among others: the ability to obtain the
necessary shareholder and regulatory approvals; the ability to obtain
the necessary financing on satisfactory terms, or at all; the ability
to satisfy all other conditions precedent to the Proposed Transaction;
economic, business and political conditions in South Africa; decreases
in the market price of gold; hazards associated with underground and
surface gold mining; and changes in laws and government regulations.
The statements in this press release are made as of the date of this
release. You should not place undue importance on forward‐looking
information and should not rely upon this information as of any other
date. The Company undertakes no obligation to update publicly or
release any revisions to these forward‐looking statements to reflect
events or circumstances after the date of this document or to reflect
the occurrence of unanticipated events except where required by
applicable laws.

SOURCE Wits Gold