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Spectacular drill hole results at Wafi-Golpu

Johannesburg. 3 March 2011. Harmony Gold Mining Company Limited (Harmony) is pleased to announce that the latest drill hole results at its Wafi-Golpu project (50% held by Harmony) have provided the highest mineralisation values to date.

In October 2010, Harmony reported on drilling of the Wafi-Golpu deposit, which extended the mineralisation beyond the porphyry copper-gold resource of 16Moz of gold and 4.8Mt of copper. In January 2011 we advised that further drilling has extended the deposit. The latest drilling shows even better results.

  • WR377:     883m @ 2.15% Cu and 2.23g/t Au (5.33g/t Au equivalents³) from 913m including 628m @ 2.82% Cu and 3.06g/t Au (7.13g/t Au equivalents³) from 1043m

The intercept correlates with a zone of chalcopyrite and bornite mineralisation in the porphyry and surrounding metasediment. This hole extends the known porphyry mineralisation significantly outside the current resource shell. Mineralisation is open at depth and to the north of this intercept.

This intersection continues to support our Exploration Target of 30 Million ounces of gold and 8 Million tonnes of copper.

“Drilling at the Wafi-Golpu project continues to be successful. The latest results confirm that this deposit is truly a world-class discovery”, says Harmony’s Chief Executive Officer, Graham Briggs.

Plan view showing current Resource outline and drill traces of holes drilled since the declaration. WR377 is the northernmost hole at this RL

Plan view showing current Resource outline and drill traces of holes drilled since the declaration.

Schematic Long Section showing current Resource outline and significant intersection returned since the declaration. WR377 is the northernmost hole at this RL. The Golpu deposit is open at depth and to the north.

Schematic Long Section showing current Resource outline and significant intersection returned since the declaration.

Note: The Measured and Indicated Mineral Resources are inclusive of those Mineral Resources modified to produce the Ore Reserves. The estimates of Ore Reserves and Mineral Resources in this statement were prepared in accordance with the standards set out in the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves – The JORC Code" (December 2004) as published by the Joint Ore Reserve Committee of the Australian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC) The JORC Code is the accepted reporting standard for the Australian Stock Exchange (ASX).

The Exploration Results, Mineral Resources and Ore Reserves in the summary tables are based on information compiled by Greg Job who is a corporate member of the Australian Institute of Mining and Metallurgy and who has relevant experience of a 'competent person' as defined by the code for reporting of Mineral Resources and Ore Reserves in relation to the mineralisation being reported on and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Greg Job is a full-time employee of Harmony Gold Mining Company Ltd.

  1. Refer to www.harmony.co.za for details on Wafi Resources and the Golpu exploration target guidance.
  2. 100% share.
  3. Gold equivalents calculated using a gold price of US$ 950/oz and copper price of US$2.00 lb and assuming 100% recovery for all metals

For more details contact:

Marian van der Walt
Executive: Corporate and Investor Relations
+27 82 888 1242(mobile)

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