GOLIATH GOLD MINING LIMITED Incorporated in the Republic of South Africa (Registration number 1933/004523/06) Share code: GGM ISIN: ZAE000154753 ("Goliath Gold" or "the Company")


PRIOR PERIOD RESTATEMENT AND TRADING STATEMENT PRIOR PERIOD RESTATEMENT

Shareholders are referred to the 'prior period error' paragraph contained in the interim results for the six months ended 30 June 2013 as announced on SENS on 29 September 2013 in which it was stated that an error was identified in certain assumptions applied in the calculation of the BEE charge. The headline loss calculation as set out in the abridged condensed consolidated financial results for the year ended
31 December 2012 as released on SENS on 28 March 2012 has also been restated.
The effects of the aforementioned adjustments on headline earnings are as follows:

Headline loss reconciliation Change % Restated year ended 31 December 2012 R'000 Audited year ended 31 December 2012 R'000

Basic loss for the year - (85 863) (85 863)
Adjustments for:
Loss on disposal of assets - 1 105 1 105
Fair value adjustment 100.0 1 178 - BEE charge (100.0) - 23 770

Impairment of assets - 22 914 22 914

Headline loss for the year 59.3 (60 666) (38 074) Headline loss per share (cents) 56.8 (43.9) (28.0) Weighted average number of shares ('000) 138 189 138 189 TRADING STATEMENT

In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period.
A review of the financial results for the year ending 31 December 2013 by management has indicated that the basic loss per share is expected to be between 35 cents and 48 cents and the headline loss per share is expected to be between 37 cents and 46 cents, compared to the basic loss per share of 62.0 cents and the restated headline loss per share of 43.9 cents for the year ended 31 December 2012.
The financial information on which this trading statement is based has not been reviewed or reported on by the Company's auditors. Goliath Gold's results for the year ending 31 December 2013 are expected to be released on SENS on or about 31 March 2014.
Johannesburg

[Insert date] December 20138 January 2014

Sponsor

Merchantec Capital

distributed by