Wits Gold Trading Update

JOHANNESBURG, May 10 /CNW/ --
Witwatersrand Consolidated Gold Resources Limited


(Incorporated in the Republic of South Africa)


Registration Number 2002/031365/06


('Wits Gold')


JSE Code: WGR   ISIN: ZAE000079703


TSX Code: WGR  CUSIP Number: S98297104

JOHANNESBURG, May 10 /CNW/ -

Trading update

In terms of the Listings Requirements of JSE Limited, companies are
required to publish a trading statement as soon as they become
reasonably certain that the financial results for the period to be
reported on will be more that 20% different from that of the previous
corresponding period.  Accordingly, a review of the financial results
for the 12 months ended 28 February 2011 by management, has indicated
that they expect a basic and headline loss per share of between 47.50
cents per share and 53.00 cents per share. In the prior comparative
period the Company reported a basic and headline loss per share of
28.05 cents per share.

This increase in the basic and headline loss per share is mainly
attributable to a reduction in net finance income (R1.7m), and an
increase in employment related expenditure (R5.0m). The increase in
employment related expenditure results mainly from the accounting for
R4.4m of non-cash share based payment expenditure.

The financial information on which this trading statement is based has
not been reviewed or reported on by Wits Gold's auditors. The results
for the 12 months ended 28 February 2011 are expected to be published
on or about 30 May 2011.

10 May 2011

Sponsor


PricewaterhouseCoopers Corporate Finance (Proprietary)


Limited


(Registration number 1970/003711/07)

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/10/c3040.html