AFLEASE SECURES ADDITIONAL FUNDING FOR MODDER EAST COMPLETION

Johannesburg, 13 January 2009� -� Aflease Gold (JSE share code: AFO) today announced that it had raised R38 million,� at an equivalent placement price of R1.27 per Aflease share,� through the disposal of the first tranche of Randgold & Exploration shares swapped with Trinity Asset Management in November 2008 to Investec.

The 3 million Randgold & Exploration shares Aflease acquired from Trinity in exchange for 30 million Aflease shares have been sold at an average price of R12.72 per share, which is equivalent to R1.27 per Aflease share.

Aflease chief executive Neal Froneman said the company was delighted to have secured a significant part of its remaining funding requirement on very advantageous terms in extremely difficult market conditions.

�The fact that this was achieved at an equivalent share price which is substantially higher than Aflease�s current trading price is an indication of just how undervalued the company is,� he said.

Aflease is currently developing the shallow, high-margin Modder East gold mine on the Witwatersrand.� The mine is scheduled to pour its first gold later this year.� Aflease is also in the process of merging with the Australian-based BMA Gold to create a new company known as Gold One International, which will be listed on the Australian and Johannesburg stock exchanges.�

For further information call Neal Froneman, CEO Aflease Gold on +27 (0)83 628 0226

Issued by du Plessis Associates on behalf of Aflease Gold Limited.

dPA contact Frank du Plessis Tel : +27 (0)11 728 4701, Mobile: +27 (0)82 641 0435 or e-mail: afleasegold@dpapr.com

www.afleasegold.com

FORMAL ANNOUNCEMENT :

Aflease Gold Limited

(Incorporated in the Republic of South Africa)

(Registration number 1984/006179/06)

JSE Share code: AFO�� ISIN: ZAE000075867

International Prime QX (OTCQX): AFSGY

(�Aflease�)

DISPOSAL OF RANDGOLD SHARES BY AFLEASE

Further to the acquisition issue announcement dated 26 November 2008 whereby Aflease undertook to acquire, in a number of separate tranches, not less than 3 million and not more than 7.5 million Randgold & Exploration Company Limited (�Randgold�) shares in a 10 for 1 share swap with Trinity Asset Management Proprietary Limited (�Trinity�), Aflease and Trinity have concluded the first tranche of 3 million Randgold shares in exchange for 30 million Aflease shares. Subsequent to the conclusion of the first tranche, Aflease has successfully disposed of the 3 million Randgold shares at an average price of R12.72 per Randgold share to Investec Limited.� The effect of the first tranche of the transaction is the raising of R38 million of additional capital for Aflease at an average Aflease share price of R1.27.

Parktown, Johannesburg

13 January 2009

Corporate adviser and sponsor

MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED

FORWARD-LOOKING STATEMENT: This news release includes certain �forward-looking statements� and �forward-looking information�. All statements other than statements of historical fact included in this release including, without limitation, statements regarding future plans and objectives of Aflease Gold and BMA Gold are forward-looking statements (or forward-looking information) that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors could cause actual results to differ materially from Aflease Gold and BMA Gold�s expectations. Such factors include, among others, the actual results of exploration activities, actual results of reclamation activities, the estimation or realisation of mineral reserves and resources, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, availability of capital required to place Aflease Gold and BMA Gold�s properties into production, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold and other commodities, possible variations in ore grade or recovery rates, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, Aflease Gold and BMA Gold�s hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage, Although Aflease Gold and BMA Gold have attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.� There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Aflease Gold and BMA Gold do not undertake to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.� No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.