Central Rand Gold Regulatory News (CRND)

14 Apr 2008 09:00

Central Rand Gold Limited14 April 2008 For immediate release 14 April 2008 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 2007/0192231/10) ISIN: GG00B24HM601 Share code on LSE: CRND Share code on JSE: CRD Board Appointment 'Michael McMahon agrees to join Central Rand Gold as Non Executive Director' Central Rand Gold Limited, the gold exploration and development company, ispleased to announce the appointment of John Michael McMahon, as a non-executivedirector of the Company as from 29 April 2008, subject to formal board approvalat the next full board meeting on that day in Guernsey. Mr McMahon, aged 61, is a leading South African based mine development engineer,with an established track record of asset development, having worked in avariety of management roles and, latterly, at Board level in a number of majorinternational mining companies. Michael joins CRG at a critical time, as the Company anticipates the granting ofits mining licence later this year, ahead of first production from CRG'sportfolio, scheduled for 2009. Michael has been a non-executive director of Gold Fields Limited since December1999 and serves as non-executive director of Impala Platinum Holdings Limitedand Murray & Roberts Holdings Limited. Previously, he was chief executive ofImpala Platinum Holdings Limited from 1990 and executive chairman from 1993through to 1998, He was an executive director of Gencor Limited from 1993 andexecutive chairman from 1997 through to 2002 Alastair Walton, chairman of CRG said: "I am extremely privileged and proud to announce that Michael has agreed to jointhe board of CRG. His appointment will be ratified by the CRG board at the nextboard meeting on April 29. "Upon joining the Board of CRG, Michael McMahon has also agreed to join theRemuneration; Nomination and Technical, Health, Safety and Environmentalcommittees. "This is an important appointment for CRG because Michael is a recognised figurein the South African mining industry with long and successful direct experiencein gold and platinum production. Michael will remain on the Gold Fields boardfor the present time. "This appointment strengthens the CRG board substantially and brings to thecompany a person with exceptional technical experience in our type of industry.It indicates a great vote of confidence in CRG and what CRG is seeking toachieve. To have another board member with direct experience in the SouthAfrican gold mining industry will be invaluable." Greg James, CEO of CRG added: "I am pleased to welcome Michael McMahon to the board of CRG. "Michael has enormous experience in the South Africa mining industry, andparticularly in our envisaged production environment. As we move forward intothe production phase, his experience and support will be invaluable." Michael McMahon commented: "I am delighted to join the board of CRG. I have been very impressed with theboard, and the executives I have met to date and with the thoroughness of thecompany's due diligence and planning thus far. I am excited about the company'sprospects and look forward to contributing as best as I can to theirrealisation." Michael McMahon has been a director of the following companies during the lastfive years. He remains a director of all of them. +--------------------------+--------------------------+--------------------------+|Company |Directorship Commenced In |Directorship Still Current|+--------------------------+--------------------------+--------------------------+|Impala Platinum Holdings | May 1990 | YES ||Limited | | |+--------------------------+--------------------------+--------------------------+|Gold Fields Limited | December 1999 | YES |+--------------------------+--------------------------+--------------------------+|Murray & Roberts Limited | November 2004 | YES |+--------------------------+--------------------------+--------------------------+ There are no other matters requiring disclosure under FSA Handbook Listing Rule9.6.13 Issued on behalf of: Central Rand Gold Date: April 14, 2008Contact: Greg James Ric Vittino Wayne Epstein (011) 551 4000 info@centralrandgold.com Enquiries Buchanan Communications Limited Ben Willey +44 (0) 20 7466 5000 Evolution Securities Limited Simon Edwards/Chris Sim +44 (0) 20 7071 4300 This information is provided by RNS The company news service from the London Stock Exchange