GOR – GOLDFIELDS LTD SELLS 9.9% OF GOLD ROAD RESOURCES

Gold Road Resources ASX: GOR announces that Gruyere Holdings Pty Ltd, a wholly owned subsidiary of Goldfields Limited has sold 87,117,909 GOR shares at a price of $1.45c for a total gross proceeds of $126.3m. The share sale was conducted under a book build led by Macquarie Capital Limited on behalf of Goldfield’s.

Gold Road is a 50% interest holder in the Gruyere Gold Project located 200klms east of Laverton in Western Australia’s Goldfields. Production guidance for the Project is for 75,000 to 100,000 ounces per year.

Goldfields has advised that it remains fully committed to its 50% interest in and the operating of the Gruyere Gold Project and plans to ramp up the Gruyere process plant are well underway, with some milestones already having being met, including a continuous 96 hour operating of the ball mill.

The sale of the shares in Gold Road does not impact on the standstill arrangement with Gold Road in which Goldfield’s and its associates must not acquire a relevant interest in Gold Road greater than 10% unless agreed to by Gold Road in writing.

Goldman

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