WEST WITS MINING LIMITED — Capital/Financing Update 2013

Aug 1, 2013

ASX: WWI www.westwitsmining.com

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ASX Announcement and Media Release Friday, 2 August 2013

Fast Facts

Capital Structure @ 2 Aug 2013 Shares on issue 278 million DRD Entitlement Shares 38 million Options 61 million Market Cap A$4.7 million Cash in Bank A$1.1 million Debt Nil Enterprise Value (EV) A$3.6 million Current JORC Resource 287,000 EV / Resource oz A$12.50/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%

Progress Continues at Derewo

West Wits Mining Limited (“West Wits” or “the Company”) is pleased to report that following substantial completion of a new road, the Company’s front end loader has now reached the identified site for the airstrip and commenced clearing work. Construction of the airstrip should be completed over the next 4 to 5 weeks. Following completion of the airstrip development of water infrastructure and storage facilities for the hydraulic alluvial circuit will begin.

As part of the Company’s plan to develop a small scale gravity recovery circuit for trial mining activities, a concentrator plant will now be procured from Malaysia.

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

• South Africa

• 287,000 ozs Au JORC Resource

• o near surface and underground targets

• o 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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The board is pleased the airstrip at the project site is now under construction. This is a key piece of infrastructure for the development of the Derewo River Gold Project.

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

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