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Mon 20 Jun 2011, 8:54 GDO/GGM - Gold One/Goliath Gold - Update on the ac
GDO   GGM
GDO   GGM                                                                       
GDO/GGM - Gold One/Goliath Gold - Update on the acquisition by Goliath Gold of  
Gold One`s Megamine assets                                                      
GOLD ONE INTERNATIONAL LIMITED         GOLIATH GOLD MINING LIMITED              
Registered in Western Australia under  (Formerly White Water Resources          
the Corporations Act 2001 (Cth)        Limited)                                 
Registration number ACN: 094 265 746   Incorporated in the Republic of          
Registered as an external company in   South Africa                             
the Republic of South Africa           (Registration number 1933/004523/06)     
Registration number: 2009/000032/10    Share code: GGM                          
Share code on the ASX/JSE: GDO         ISIN: ZAE000154753                       
ISIN: AU000000GDO5                     ("Goliath Gold")                         
OTCQX International: GLDZY                                                      
("Gold One")                                                                    
UPDATE ON THE ACQUISITION BY GOLIATH GOLD OF GOLD ONE`S MEGAMINE ASSETS         
Further to the joint announcements released by Gold One and Goliath Gold on 13  
October 2010, 12 November 2010 and 25 February 2011 as well as an announcement  
released by Gold One on 22 March 2011, using the terms defined in those         
announcements unless otherwise stated, Shareholders are advised that the Parties
have agreed to extend the deadline in relation to the fulfillment of the        
remaining conditions precedent to the Acquisition from 30 June 2011 to 30       
September 2011.                                                                 
Shareholders will be advised of the revised salient dates and times relating to 
the Acquisition in due course, pending the fulfillment or waiver, as the case   
may be, of the remaining conditions precedent to the Acquisition.               
Jointly issued by Gold One and by Goliath Gold.                                 
20 June 2011                                                                    
JSE Sponsor, Transaction Sponsor and Transaction Adviser                        
Macquarie First South Advisers (Pty) Limited                                    
For further information contact:                                                
GOLD ONE                                                                        
Neal Froneman                                                                   
President and Chief Executive Officer                                           
+27 11 726 1047 (office)                                                        
+27 83 628 0226 (mobile)                                                        
                                                                                
Carol Smith                                                                     
Investor Relations                                                              
+27 11 726 1047 (office)                                                        
+27 82 338 2228 (mobile)                                                        
carol.smith@gold1.co.za                                                         
Ilja Graulich                                                                   
Investor Relations Manager                                                      
+27 11 726 1047 (office)                                                        
+27 83 604 0820 (mobile)                                                        
ilja.graulich@gold1.co.za                                                       
                                                                                
On behalf of Gold One:                On behalf of Goliath Gold:                
JSE Sponsor, Transaction Sponsor and  JSE Sponsor and Corporate Adviser:        
Transaction Adviser:                  Merchantec Capital                        
Macquarie First South Advisers (Pty)  Transaction Sponsor                       
Limited                               Macquarie First South Advisers (Pty)      
Limited                                    
Parktown                              Parktown                                  
Website: www.gold1.co.za              Website: www.goliathgold.co.za            
Date: 20/06/2011 07:05:01 Produced by the JSE SENS Department.                  
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