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Fri 28 Mar 2008, 7:29 PZG - Pamodzi Gold Limited - Update on potential financing alternatives and
PZG
 PZG                                                                             
PZG - Pamodzi Gold Limited - Update on potential financing alternatives and     
cautionary announcement                                                         
Pamodzi Gold Limited                                                            
Registration number 2002/013039/06                                              
(Incorporated in the Republic of South Africa)                                  
(Previously Bema Gold SA (Proprietary) Limited)                                 
ISIN: ZAE000088563          JSE Code: PZG                                       
("Pamodzi Gold" or "the Company")                                               
UPDATE ON POTENTIAL FINANCING ALTERNATIVES AND CAUTIONARY ANNOUNCEMENT          
Pamodzi Gold, at its results presentation held on 25 February 2008, communicated
to shareholders that it was in discussions regarding certain financing          
alternatives.  These discussions are ongoing and the Company is currently       
evaluating alternatives. In this regard, shareholders are advised to exercise   
caution when dealing in the Company`s securities until a further announcement is
made.                                                                           
Bruma                                                                           
28 March 2008                                                                   
Sponsor                                                                         
Rand Merchant Bank, a division of FirstRand Bank limited                        
Date: 28/03/2008 07:29:50 Produced by the JSE SENS Department.                  
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