Gold Fields and Bolivar Gold announces stay of Pla
GFI
GOGOF
Gold Fields and Bolivar Gold announces stay of Plan of Arrangement pending
appeal
JOINT PRESS RELEASE
Gold Fields Limited
(Registration Number 1968/004880/06)
Share Code: GFI
ISIN: ZAE000018123
Gold Fields and Bolivar Gold Announces Stay of Plan of Arrangement Pending
Appeal
Johannesburg and Toronto, Wednesday, February 22, 2006 - Gold Fields Limited
(NYSE/JSE: GFI) and Bolivar Gold Corp. (TSX: BGC) announced that Scion Capital
has appealed the Yukon Supreme Court ruling granting approval of the Plan of
Arrangement and was granted a stay of the order pending appeal. The appeal will
be heard on Monday, February 27, 2006.
-ends-
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 and development 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. Bolivar Gold
intends to exploit this reserve while continuing to pursue the exploration
potential of the Choco 10 property, as well as throughout the El Callao district
in conjunction with its joint venture partner, Gold Fields Limited. Additional
information on Bolivar Gold can be found by visiting the company"s website at
www.bolivargold.com.
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: 22/02/2006 10:53:00 AM Produced by the JSE SENS Department
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