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GFI
GOGOF
Gold Fields and Bolivar Gold Announce Completion of Plan of Arrangement
Gold Fields Limited
Share code: GFL
ISIN: ZAE000014270
JOINT PRESS RELEASE
Gold Fields and Bolivar Gold Announce Completion of Plan of Arrangement
Johannesburg and Toronto, Canada, March 2, 2006 - Gold Fields Limited (NYSE/JSE:
GFI) and Bolivar Gold Corp. (TSX: BGC) announced that the Yukon Court of Appeal
has dismissed the appeal by Scion Capital et al of the decision of the Yukon
Supreme Court granting approval of the previously announced Plan of Arrangement.
Bolivar Gold has filed Articles of Arrangement under the Yukon Business
Corporations Act completing the transaction. Effective immediately,
shareholders and warrant holders hold only a right to payment for the securities
pursuant to the terms of the Plan of Arrangement. The common shares and warrants
of Bolivar Gold will be delisted from the TSX at the close of business on or
about March 2, 2006.
If you hold Bolivar common shares or warrants in "street form", payment will
occur automatically. To obtain payment for shares or warrants registered in
your own name you must submit your certificates and signed Letter of Transmittal
(which you should have received with the materials mailed to you in December
2005) to Beau Cairns at Equity Transfer Services Inc., 120 Adelaide Street West,
Suite 420, Toronto, Ontario M5H 4C3. Any questions related to settlement of
shares or warrants should be directed to Equity Transfer at (416) 361-0930,
extension 269 or toll-free (866) 393-4891.
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.
2 March 2006
Date: 02/03/2006 09:52:00 AM Produced by the JSE SENS Department
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