AFLEASE APPOINTS MACQUARIE FIRST SOUTH ADVISERS

Johannesburg, 3 November 2008  -  Aflease Gold (JSE:AFO)(ADR:AFSGY) has appointed Macquarie First South Advisers (Pty) Ltd as its corporate advisor and as its sponsor on the JSE Limited.

Aflease chief executive Neal Froneman said Macquarie�s international network and strength in the resources sector would support the company in the pursuit of its strategic objectives, which include greater access to global capital markets.

Aflease is currently developing the new Modder East gold mine in the East Rand Basin of the Witwatersrand and refurbishing the nearby Sub Nigel mine.  Modder East is on track to pour its first gold in the latter half of 2009.  Its other projects and targets include Ventersburg, which is at pre feasibility stage, and Bothaville, both in the Free State Goldfields, the Tulo concession in Mozambique and the Etendeka greenfields project in Namibia.

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 Helen McKane Tel : +27 (0)11 728 4701, Mobile: +27 (0)82 330 2034 or e-mail: afleasegold@dpapr.com

www.afleasegold.com