NEWS RELEASE.

March 5, 2012: Johannesburg, South Africa – Witwatersrand Consolidated Gold Ltd. (Wits Gold – Stock Profile – TSX:WGR) announced the appointment of Mr. Kenneth Dicks as an independent non-executive director of the Company effective 5th March 2012.

Mr. Dicks, a mining engineer by background, has 39 years’ experience working in the South African mining industry, having held a number of senior positions within AngloGold. He presently also serves as an independent non-executive director on the boards of Harmony Gold and Bauba Platinum.

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