WEST WITS MINING LIMITED — Capital/Financing Update 2016

Sep 20, 2016

ASX: WWI www.westwitsmining.com

ASX Announcement and Media Release Wednesday, 21 September 2016

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Fast Facts @ 21 Sep 2016 Capital Structure: Shares on issue 456 million Options 52 million Market Cap A$13.70 million Available Cash A$0.5 million Debt Nil Enterprise Value (EV) A$13.20 million EV/oz A$9.61/oz

Company Directors & Management Michael Quinert Chairman	Company Directors & Management Michael Quinert Chairman
Vin Savage Neil Pretorius	Executive Director Non-Exec Director
Hulme Scholes	Non-Exec Director

Top Shareholders ≈
Twynam Ag DRD Gold Ltd	19.9% 11%
Top 40 Shareholders	74%

Company Highlights

 South Africa

• near surface and underground targets

• o 1.374m oz JORC resource[1] - Measures: 302,300

• Indicated: 592,500

• Inferred: 489,000

• o Historic estimate of 12.8m oz at 4.6g/t o 31.8m ozs Au produced historically

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Gold now being poured from Sol Plaatje ore

West Wits Mining Limited (“West Wits” or “the Company) is pleased to announce that gold is now being poured from the Sol Plaatje Project (SPP) which forms part of the Soweto Project Cluster Gold Project, Gauteng Province, South Africa.

As released last week ore from SPP is now being extracted and processed at the nearby Mogale plant and the work is proceeding as planned. As at last week over 72,000 tonnes of material had been excavated from pit 1 at SPP which included over 5,200 tonnes of ore. Under the agreement with the mining contractor West Wits receives a payment equivalent to the value of 0.6g/t Au (approx. USD25) for each tonne of ore processed.

Michael Quinert, Chairman commented, “With gold now being poured from SPP ore this is yet another significant step forward for the Company which will provide capacity to further develop the significant 1.374 Moz resource. However whilst SPP is still ramping up production very careful grade control is being implemented. We will continue to maintain strict monitoring protocols through a rigid assay program with respect to the grade for each tonne of ore leaving SPP and being delivered to the Mogale plant.”

The Company will continue to provide further operational updates for SPP as production continues to increase and further tonnes are processed providing increasing certainty with respect to an average grade being received at the plant.

 Indonesia

• High grade placer deposit

• Project show early stage similarities with discoveries inc; Porgera, Edie Creek, Wau

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

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Contact Details West Wits Mining Limited ACN 124 894 060

Suite 1, 1233 High Street Armadale VIC 3143

For and on behalf the board

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Michael Quinert Chairman West Wits Mining Limited

For further information, visit www.westwitsmining.com Or Contact Tim Chapman Telephone: +61 3 8692 9049

T: +61 3 8692 9049

F: +61 3 8692 9040

E: info@westwitsmining.com

W: www.westwitsmining.com

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Figure 1 Gold being prepared for pouring

Figure 2. Chairman Michael Quinert with first bar containing SPP gold

1. Original report “Gold Mineral Resource for Sol Plaatje” Competent Person Hermanus Berhardus Swart ASX release 14 Sep 2016. The Company is not aware of any new information or data that materially affects the information included in the announcement and confirms that all material assumptions and technical parameters underpinning the estimates above continue to apply and have not materially changed. The form and context in which the Competent Persons findings are presented have not materially changed .