Gold Fields Limited: Appointment of Two Non-Executive Directors

JOHANNESBURG, South Africa, February 17 /PRNewswire-FirstCall/ -- In terms of Section 3.59 of the Listings Requirements of JSE Limited, the Board of Gold Fields Limited (Gold Fields) is pleased to announce that Mr Donald Ncube and Mr John Hopwood have been appointed non-executive directors of the company with immediate effect.

Mr Donald Ncube (58 years) is a director of Lungisa Investment Holdings (Pty) Limited, which was created on the unbundling of the Real Africa Group. Formerly, Mr Ncube was a director of Anglo American Industrial Corporation and an alternate director of Anglo American Corporation of South Africa Limited. Mr Ncube holds an MSc Manpower Studies - University of Manchester in England, Post Grad Dip Labour Relations - Strathclyde University in Scotland and BA Economics and Political Science from Fort Hare University.

Mr John Hopwood (57 years) was a director of Ernst & Young Corporate Finance and Head of the Mergers and Acquisitions division and is now retired. Formerly, Mr Hopwood was an executive director of Gold Fields of South Africa Limited - corporate finance and non-technical services and held various positions in the coal, base metals and platinum operations. Mr Hopwood holds a B.Com C.A. (SA).

The Board welcomes them to the Gold Fields Group and looks forward to their valuable contribution.

Gold Fields is one of the world's largest unhedged gold producers, with annual gold production of approximately 4.2 million ounces from mines in South Africa, Ghana and Australia as well as a developing mine at Cerro Corona in Peru. The Company has reserves of 64.8 million ounces and mineral resources of 174.5 million ounces. Gold Fields has its primary listing on the Johannesburg Securities Exchange and secondary listings on the NYSE, LSE, Euronext in Paris and Brussels, and on the Swiss Exchange. All of Gold Fields' operations are ISO 14001 certified.

Bolivar Gold Corp. is a gold exploration, development and production company. At its 95%-owned Choco 10 property in Venezuela, drilling has confirmed near-surface proven and probable ore reserves of 1.3 million ounces. The 5,400 tonne per day Choco 10 operation commenced commercial production in August 2005. Bolivar Gold intends to exploit this reserve while continuing to pursue the exploration potential of the Choco 10 property, as well as throughout the El Callao district in conjunction with its joint venture partner, Gold Fields Limited.

http://www.goldfields.co.za/