RAND MINING LIMITED — Interim / Quarterly Report 2015

May 10, 2015

ASX ANNOUNCEMENT

11 May 2015

Australian Securities Exchange Code: RND

Board of Directors: Mr Otakar Demis Chairman and Joint Company Secretary

Mr Anton Billis Managing Director

Mr Gordon Sklenka Non-Executive Director

Mr Roland Berzins Joint Company Secretary

Suite G1, 49 Melville Parade South Perth WA 6151 T: +61 8 9474 2113 F: +61 8 9367 9386 E: info@randmining.com.au W: www.randmining.com.au

ABN: 41 004 669 658

Monthly Production Report April 2015

Highlights

Rand Mining Ltd. advises the following for the month of April 2015:

• 1,374.998 oz of gold and 258.241 oz of silver were credited to Rand's Bullion Account from processing EKJV ore
• 52,980 tonnes of EKJV ore were milled at Kanowna Belle
• EKJV mine claimed production of 66,432 tonnes at an average grade of 8.5 g/t.

Processing of EKJV ore at Kanowna Belle
Provisional
Month	April2015
Ore processed	52,980
Grade	7.4
Recovery	96.1
Gold recovered (oz)	12,137
Silver recovered (oz)	2,094
Rand's share of gold	1,491

MINE CLAIMED PRODUCTION
		Raleigh	Rubicon	Pegasus	Total
			& Hornet
Ore	t	5,125	42,298	19,009	66,432
Grade	g/t Au	15.0	9.3	5.0	8.5
Gold	oz	2,476	12,642	3,091	18,209
Rand's Entitlement	oz	310	1,549	379	2,237
	%	12.50	12.25	12.25

MINE OPERATING COSTS
Unit Cost*	Raleigh	Total
		Hornet	s
$/t ore	247	40	84	69
$/oz gold	511	133	517	250

* based on Mine Claimed Production

End of Month Status

Raleigh – Production

Development of the Skinners structure is hidden

Pegasus, Rubicon, Hornet – Development and Production

green indicates new developments – stopes are displayed only after reconciliation

MINE DEVELOPMENT
			Raleigh	Rubicon	Pegasus	Total
				&Hornet
Capital	Decline	m	0.0	109.4	114.3	223.7
	Secondary	m	0.0	100.4	107.5	207.9
Operating	Waste	m	0.0	11.0	0.0	11.0
	Ore	m	67.6	182.7	307.9	558.2
	Paste Fill	m	0.0	42.0	0.0	42.0

End of month position		RL (m)	below surface (m)
Raleigh Decline	bottom	5618	727
Rubicon Decline	bottom	5991	352
Hornet Incline	top	6244	99
Hornet Decline	bottom	5841	502
Pegasus Incline	top	6169	174
Pegasus Decline	bottom	6067	276

End of month EKJV STOCKPILES ESTIMATES
ROM pad	Ore Source	Ore	Grade
		t	g/t Au
Raleigh	Raleigh	2,594	15.6
Rubicon	Rubicon & Hornet	34,026	9.7
Pegasus	Pegasus	6,307	4.7
Kanowna Belle	Raleigh	1,419	15.5
Kanowna Belle	Rubicon & Hornet	23,587	9.0
Kanowna Belle	Pegasus	22,653	5.1

For further information please contact:

Roland Berzins E: rberzins@gcpcapital.com.au Ph: +61 8 9474 2113