Giyani Gold Appoints Chief Financial Officer

OAKVILLE, ON, Dec. 1, 2011 /CNW/ - Giyani Gold Corp. (TSXV: WDG) ("Giyani" or the "Company") has appointed Mr. Ron Reed as Chief Financial Officer of the Company, effective immediately. Mr. Reed, a CGA with more than 20 years of industry experience, brings a depth of knowledge from various mining firms and international corporations. As Chief Financial Officer of Giyani, Mr. Reed will be a significant contributor to the overall growth of the Company. Mr. Reed will replace Mr. Darren Tindale, previously Chief Financial Officer of Giyani. Mr. Tindale will remain a consultant to Giyani with the mandate of ensuring an effective transition of the Company`s reporting requirements.

"We are pleased to welcome Mr. Reed to our management team," commented Duane Parnham, Executive Chairman of Giyani. "This most recent appointment continues to represent our ability to attract leading professionals with experience highly relevant to the development of Giyani. I would also like to personally than Mr. Tindale for his services to the Company and assistance during this transition." 

Mr. Reed is a CGA with an MBA (Finance) from New York Institute of Technology. He has more than 20 years of progressively senior experience in implementing, revising, and monitoring financial business strategies. He also has been involved in more than 15 acquisition and divestiture transactions. He began his career working with electronic and agricultural companies, joining The Thomson Corporation (now Thomson Reuters) in 1999. At Thomson, Mr. Reed began as a controller and advanced to vice-president, finance and CFO for its Nelson Education Ltd. Mr. Reed has been providing CFO services in the mining industry.

The appointment of Mr. Reed is subject to regulatory approval.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

On behalf of the Board of
Giyani Gold Corp.,
"Duane Parnham"
Duane Parnham,
Executive Chairman

This news release contains forward-looking statements regarding the future success of the business of the Company that is subject to risk and uncertainties. Examples of such forward-looking statements including, but are not limited to, statements concerning the Company's acquisition of the interest in the Giyani Gold Project, expectations concerning timing and success of exploration activities generally, government regulation of exploration and mining operations, indications and benefits of exploration, drilling test work and engineering assessments, environmental risks, title disputes or claims, and the Company's intention to raise additional capital and financing. These forward-looking statements involve known and unknown risk and intention to raise additional capital and financing. These forward looking statements involve known and unknown risk and uncertainties that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. These risks include risks related to whether or not the Company will complete the South African transaction, dependence on key personnel, competition, risks related to newly acquired businesses, uncertainty and dilution of additional financing and ability to service debt, as well as the risk factors described in the Company's Management Discussion and Analysis filed on SEDAR at www.sedar.com, and the risk to be described in any Management Information Circular. The forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.