Wits Gold granted additional uranium rights in the DBM and Beisa...

Wits Gold granted additional uranium rights in the DBM and Beisa North Projects, southern Free State Goldfield

20/04/2011

Wits Gold (JSE & TSX : WGR/ ADR: WIWTY)

is pleased to announce that the Department of Mineral Resources has

granted the Company uranium rights over the Floriana sector of the De

Bron-Merriespruit South (DBM) project. As a result, Wits Gold now holds

title to uranium over 1897 hectares of the DBM project, which covers a

total area of 4024 hectares. A preliminary economic assessment of the

DBM project is currently in progress and will be based mainly on the

gold potential of this area. The results of this study are expected

during April 2011.

The Department of Mineral Resources has also granted uranium rights to

Wits Gold over the Beisa North Extension area located immediately north

of the now defunct Beisa Uranium Mine in the southern Free State

goldfield. The additional uranium rights are expected to supplement the

uranium-gold resource previously estimated at Beisa North and reported

in the Company's SENS announcement dated 16 July 2009. Additional

drilling is planned at the combined Beisa North project during 2011,

following which a revised resource estimate will be undertaken.

Commenting on the significance of being granted these additional rights,

the Company's CFO Mr Derek Urquhart said, 'We are pleased by the

granting of the additional uranium rights, particularly in the DBM area

where we will assess the economic potential of recovering by-product

uranium.'