Published: 04 July 2017

Further to the Announcement to Shareholders published on 14 November 2016, RioZim Limited ("RioZim") and Falcon Gold Zimbabwe Limited ("Falgold") wish to update their valued Shareholders and other stakeholders of their progress in relation to the acquisition of 100% of Falgold's wholly owned subsidiary, Palatial Gold Investments (Private) Limited, by RioGold (Private) Limited, a wholly owned subsidiary of RioZim ("the Transaction").

Both Companies are in the process of fulfilling the conditions precedent to the Transaction. The circulars of both companies will be made available in due course containing the finer details of the Transaction requiring Shareholder approval.

Shareholders and the public are therefore advised to continue to exercise caution and to consult their professional advisers when dealing in the shares of RioZim and Falgold.
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