iProp has withdrawn the application against Central Rand Gold

Central Rand Gold Limited shareholders are referred to the announcements dated 17 May 2017 and 22 May 2017 (and using the terms defined therein unless otherwise stated) pertaining to, inter alia, the iProp Dispute, and are hereby advised that iProp has subsequently withdrawn the application, and each company will bear their own legal costs.

The Company's cash position remains challenging, and the directors of the Company ("Directors") continue to make every effort to secure financing solutions. The Directors are considering a number of solutions, which may include the sale of the Company's operating assets. The Company's shares will remain suspended for the time being pending further developments.

Central Rand Gold is a LSE and JSE listed gold prospecting and mining in company in South Africa.