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Harmony sells Mount Magnet Gold in Australia

Johannesburg. Thursday, 8 July 2010. Harmony Gold Mining Company Limited (Harmony) announces that it has executed a Share Sale Agreement with the Australian-based gold miner Ramelius Resources Limited (Ramelius) for the sale of the Mount Magnet Gold Project (Mount Magnet) for A$40 million cash.

The Mount Magnet project, located in Western Australia, was placed on care and maintenance in 2008. The package includes an extensive advanced exploration portfolio and the Checker CIL processing plant.

Harmony's Chief Executive Graham Briggs says, "The sale of Mount Magnet is a continuation of our asset optimisation strategy. We consider this operation as non-core to this strategy and this divestment allows us to focus on growing, developing and operating our portfolio of quality assets in Papua New Guinea."

For more information on Ramelius Resources Limited, visit the company's website

For more details contact:

Esha Brijmohan
Investor Relations Officer
+27 (0)82 759 1775

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