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

JOHANNESBURG, April 20 /CNW/ --
Witwatersrand Consolidated Gold Resources Limited


('Wits Gold' or 'the Company')


Incorporated in the Republic of South Africa


(Registration Number 2002/031365/06)


JSE Share Code: WGR ISIN: ZAE000079703


TSX Share Code: WGR CUSIP Number: S98297104

JOHANNESBURG, April 20 /CNW/ - 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.'

Forward Looking Information
Certain statements in this news release may constitute forward-looking
information within the meaning of securities laws. In some cases,
forward looking information can be identified by use of terms such as
'may', 'will', 'should', 'expect', 'believe', 'plan', 'scheduled',
'intend', 'estimate', 'forecast', 'predict', 'potential', 'continue',
'anticipate' or other similar expressions concerning matters that are
not historical facts. Forward-looking information may relate to
management's future outlook and anticipated events or results, and may
include statements or information regarding the future plans or
prospects of the Company. Without limitation, statements about the
timing of a preliminary economic assessment are forward-looking
information.

Forward looking information involves known and unknown risks,
uncertainties and other important factors that could cause the actual
results, performance or achievements of the Company to be materially
different from the future results, performance or achievements
expressed or implied by such forward looking information. Such risks,
uncertainties and other important factors include among others:
economic, business and political conditions in South Africa; decreases
in the market price of gold; hazards associated with underground and
surface gold mining; the ability to attract and retain qualified
personnel; labour disruptions; changes in laws and government
regulations, particularly environmental regulations and mineral rights
legislation including risks relating to the acquisition of the
necessary licences and permits; changes in exchange rates; currency
devaluations and inflation and other macro-economic factors; risk of
changes in capital and operating costs, financing, capitalisation and
liquidity risks, including the risk that the financing required to
fund all currently planned exploration and related activities may not
be available on satisfactory terms, or at all; the ability to maximise
the value of any economic resources. These forward-looking statements
speak only as of the date of this news release.

You should not place undue importance on forward-looking information
and should not rely upon this information as of any other date. The
Company undertakes no obligation to update publicly or release any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this news release or to reflect the
occurrence of unanticipated events except where required by applicable
laws.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/April2011/20/c5691.html