Gold Fields Limited/ Bolivar Gold Corp - Joint Pre
GFI
GOGOF
Gold Fields Limited/ Bolivar Gold Corp - Joint Press Release
Gold Fields Limited
(Registration Number 1968/004880/06)
Share Code: GFI
ISIN: ZAE000018123
JOINT PRESS RELEASE
Court Approves Plan of Arrangement for Gold Fields to Acquire Bolivar Gold
Johannesburg and Toronto, Canada, February 20, 2006 - Gold Fields Limited
(NYSE/JSE: GFI) and Bolivar Gold Corp. (TSX:BGC) announced that the Supreme
Court of the Yukon Territory of Canada has approved the plan of arrangement
through which Gold Fields will combine Bolivar Gold with its international asset
portfolio,. The transaction is expected to be completed by the end of February
2006.
Gold Fields is one of the world"s largest unhedged gold producers, with annual
gold production of approximately 4.2 million ounces from mines in South Africa,
Ghana and Australia as well as a developing mine at Cerro Corona in Peru. The
Company has reserves of 64.8 million ounces and mineral resources of 174.5
million ounces. Gold Fields has its primary listing on the Johannesburg
Securities Exchange and secondary listings on the NYSE, LSE, Euronext in Paris
and Brussels, and on the Swiss Exchange. All of Gold Fields" operations are ISO
14001 certified.
Bolivar Gold Corp. is a gold exploration, development and production company. At
its 95%-owned Choco 10 property in Venezuela, drilling has confirmed near-
surface proven and probable ore reserves of 1.3 million ounces. The 5,400 tonne
per day Choco 10 operation commenced commercial production in August 2005.
For further information:
Gold Fields Limited Bolivar Gold Corp.
Willie Jacobsz Robert Doyle
+27-11-644-2460 (416) 360-4653
williej@goldfields.co.za rdoyle@bolivargold.com
Nerina Bodasing
+27-11-644-2630
Nerina.Bodasing@goldfields.co.za
Cheryl A Martin,
(303) 796-8683,
camartin@gfexpl.com.
Date: 20/02/2006 08:25:53 AM Produced by the JSE SENS Department
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