WEST WITS MINING LIMITED — Capital/Financing Update 2013

Sep 3, 2013

ASX: WWI

www.westwitsmining.com

Wednesday, 4 September 2013

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ASX Announcement and Media Release

Fast Facts

Capital Structure @ 4 Sep 2013 Shares on issue 278 million DRD Entitlement Shares 38 million Options 61 million Market Cap A$6.7 million Cash in Bank A$1 million Debt Nil Enterprise Value (EV) A$5.7 million Current JORC Resource 287,000 EV / Resource oz A$19.50/oz

Company Directors & Management

Michael Quinert Executive Chairman Vin Savage Exec Dir Neil Pretorius Non-Exec Dir Hulme Scholes Non-Exec Dir

Top Shareholders diluted
DRD Gold Ltd	12%
GOC Holdings Ltd	6%
Twynam Ag Grp	6%
Top 40 Shareholders	75%

Company Highlights

• Indonesia

• 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

Derewo Alluvial Update

West Wits Mining Limited (“West Wits” or “the Company”) is pleased to advise that development work continues at the Derewo River Gold Project, Papua Province, Indonesia (“Derewo”). Over the last 4 weeks the Company has focused the work program for its excavator and front end loader on constructing the Company’s airstrip at the alluvial site. The airstrip centreline has now been completed along with a substantial portion of the clearing work (see figure 1). Over the next two weeks the Company expects to have completed clearing and cutting the airstrip. Final surfacing work will then take place which is expected to be completed in 1 to 2 weeks.

With construction of the airstrip underway West Wits’ has proceeded with procurement of a concentrator for its mining activities. Pre-mining earthworks and site preparation will commence in 2 to 3 weeks following which trial mining will start utilising a conventional alluvial recovery circuit. The new concentrator plant is expected to now be on site in eight weeks which will allow for a scale up of mining activities.

• South Africa

• 287,000 ozs Au JORC Resource

• near surface and underground targets

The Company will continue to provide progress updates as each stage of the infrastructure build is completed.

• 31.8m ozs Au produced historically

• o Conceptual Target

• 3.85-5.06 million ozs Au

• o 16.5-21.7 million lbs U

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For And On Behalf Of The Board

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Michael Quinert Chairman West Wits Mining Limited

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

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Figure 1. Aerial photos taken of airstrip development