NEWS RELEASE.

March 15, 2012: Johannesburg, South Africa – Witwatersrand Consolidated Gold Ltd. (Wits Gold – Stock Profile – TSX:WGR) announced the appointment of Bernard Wessels as chief operating officer, effective 1 March 2012.

Bernard is a mining engineer with 14 years’ experience in the South African mining industry. He holds a Diploma and Higher Diploma in metalliferous mining, as well as a B.Tech mining engineering degree from the University of Johannesburg.

Commenting on the appointment of Mr Wessels, the CEO of Wits Gold, Philip Kotze said, “The appointment of Bernard adds additional mining expertise to the Wits Gold executive team. His experience of underground mining will be particularly advantageous as the recently announced Evander acquisition is bedded down, while his development experience will be invaluable in planning Wits Gold’s flagship DBM Project in the southern Free State goldfield”.

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