Wits Gold - Dealings in Securities by Directors and Officers

Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR, ISIN: ZAE000079703, TSX Code: WGR, CUSIP NUMBER: S98297104

JOHANNESBURG, Feb. 22 /CNW/ - The Wits Gold Share Incentive and Retention Scheme was approved at the Company's Annual General Meeting held on 12 October 2007. In terms of the rules of the Scheme, all Company employees become eligible to participate therein and to acquire shares at no cost to the employee. All shares awarded in terms of this scheme were fully issued prior to the Company's listing on the JSE Ltd in April 2006 and therefore do not dilute the existing shareholders.

Accordingly, in compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, Wits Gold wishes to disclose the following dealings relevant to its directors and officers:

Name  Position  No. of shares  Value based on closing price of R50.50 on 18 Feb 2011  Nature of interest

AR Fleming  Company director  2 329  R117 614.50  Direct beneficial
T Mokoena  Company director   2 329  R117 614.50  Direct beneficial
H Mathe  Company director  2 329  R117 614.50  Direct beneficial
G Wilson  Company director  2 329  R117 614.50  Direct beneficial
BJ Dowden  Company Secretary  2 329  R117 614.50  Indirect beneficial
MB Watchorn  Company director  10 740  R542 370.00  Direct beneficial
DM Urquhart  Company director  8 950  R451 975.00  Direct beneficial

Date of transaction: 18 February 2011
Price per share: R0
Class of shares: Ordinary
Nature of transaction: Allocation of shares under Share Incentive & Retention Scheme
Clearance to deal was granted: Yes

Johannesburg
22 February 2011

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd



For further information:

Dr. Marc Watchorn
Chief Executive Officer
Tel: +27 11 832 1749

Mr. Hethen Hira
Investor Relations
Tel: +27 11 832 1749
http://www.witsgold.com