WEST WITS MINING LIMITED — Capital/Financing Update 2012

Nov 19, 2012

ASX: WWI

www.westwitsmining.com

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Fast Facts

Capital Structure @ 20 Nov 2012 Shares on issue 255 million Performance Shares 46 million DRD Entitlement Shares 38 million Options 61 million Market Cap A$4.3 million Cash in Bank A$0.8 million Debt Nil Enterprise Value (EV) A$3.5 million Current JORC Resource 287,000 EV / Resource oz A$11/oz

Company Directors & Management

Michael Quinert Executive Chairman Vin Savage Exec Dir Neil Pretorius Non-Exec Dir Phillip Hains Non-Exec Dir/ Co Sec Hulme Scholes Non-Exec Dir

Top Shareholders diluted
DRD Gold Ltd	13%
GOC Holdings Ltd	11%
Trevor Neale	5%
ECR Minerals PLC	4%
Top 40 Shareholders	74%
Company Highlights

• Indonesia o High grade placer deposit o Project shows early stage similarities with discoveries inc; Porgera, Edie Creek, Wau

• o Independent geologists believe source of nuggets likely to be local, based on the size and shape of the nuggets discovered

ASX Announcement and Media Release Tuesday, 20[th] November 2012

Company Update

West Wits Mining Limited (“West Wits” or “the Company”) continues to make progress at its Derewo River Gold Project (“Derewo”), Papua Province, Indonesia.

West Wits’ has now established a permanent presence at the alluvial site. Vin Savage, a director of the Company, has recently made a further visit to the alluvial site in conjunction with the Company’s local and exploration personnel. Ongoing engagement with the local indigenous population is a key part of the Company’s socialisation program which is progressing well.

As previously highlighted the Company’s priority is to construct an airstrip to support the alluvial site. Currently there are three surveyors on site and requisite support staff surveying both the airstrip and access roads between the airstrip, camp and initial alluvial operations. Following that work a survey for the water supply infrastructure and storage facilities supporting the initial alluvial circuit will be completed. All of these surveys are contracted to be completed within 30 days.

An operator engaged for the earth moving equipment has arrived on site. Mechanics are also now servicing the machinery which will allow construction of the access roads to be undertaken concurrently with the completion of the surveys.

• South Africa

• 287,000 ozs Au JORC Resource

o near surface and underground targets

• 31.8m ozs Au produced historically

• o Conceptual Target o 3.85-5.06 million ozs Au o 16.5-21.7 million lbs U

The Company continues to engage with the Mines Department of Papua, the Forestry Department of Papua and the Governor of Papua’s office in order to expedite issuing the Forestry Permits. No further documentation is required to be lodged.

An additional exploration geologist has been recruited and is currently mapping the artisanal workings as well as building a geological and gold distribution database. In addition the Company’s exploration team will commence sampling activities this week at the Wopogi Target.

Under the Randfontein asset sale agreement, West Wits is due and expects to receive the next $1m instalment on 23 November 2012.

Contact Details West Wits Mining Limited ACN 124 894 060

Suite 1, 1233 High Street Armadale VIC 3143 T: +61(0)3 9824 8166 F: +61(0)3 9824 8161 E: info@westwitsmining.com

W: www.westwitsmining.com

Corporate Advisor

Peregrine Corporate Limited Tim Chapman T: +61 9824 8166 E: tchapman@peregrinecorporate.com.au

The Company looks forward to providing further updates on the continuing progress at Derewo.

For And On Behalf Of The Board

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Michael Quinert Chairman West Wits Mining Limited