SOURCE: Randgold Resources

March 02, 2015 02:29 ET

Randgold Strengthens Board

JERSEY, CHANNEL ISLANDS--(Marketwired - Mar 2, 2015) - Randgold Resources (LSE: RRS) (NASDAQ: GOLD)

RANDGOLD RESOURCES LIMITED
 
Incorporated in Jersey, Channel Islands
 Reg. No. 62686
 LSE Trading Symbol: RRS
 NASDAQ Trading Symbol: GOLD

NEW BOARD APPOINTMENT SAFIATOU FRANCOISE BA-N'DAW

London, 2 March 2015 - Randgold Resources Limited announces today the appointment of Safiatou Francoise Ba-N'Daw as an independent non-executive director with effect from 1 March 2015.

Mrs Ba-N'Daw was educated in Côte d'Ivoire, France and the United States, and holds an MBA from Harvard University. After a 12 year career with The World Bank as a Senior Financial Specialist for the South Asia region, she was appointed Minister of Energy in the Government of Côte d'Ivoire, a position she held until 2000. Mrs Ba-N'Daw was subsequently appointed a Director of the United Nations Development Programme for South-South Co-operation until 2004 when she was appointed Deputy Chief of Staff to the Prime Minister of Côte d'Ivoire. She is currently Managing Partner of Alizes Consultants, an international business and financial consulting service company, and deputy chairwoman of Niger Omega, a mining, oil and gas exploration and services company based in Nigeria and the United Kingdom.

The Chairman of the board, Christopher Coleman, said her appointment was part of the ongoing succession planning of the board and would bring a fresh perspective: "We are very pleased to welcome Safiatou Ba-N'Daw to the Randgold board which will benefit from her significant knowledge and wide ranging international experience."

RANDGOLD ENQUIRIES:

Chief Executive
Mark Bristow
+44 788 071 1386
+44 779 775 2288
Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338
Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: randgold@dpapr.com

Website: www.randgoldresources.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineral reserve estimates, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'will', 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Assumptions upon which such forward-looking statements are based are in turn based on factors and events that are not within the control of Randgold Resources Limited ('Randgold') and there is no assurance they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Randgold to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to mining operations, including political risks and instability and risks related to international operations, actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, as well as those factors discussed in Randgold's filings with the US Securities and Exchange Commission (the 'SEC'). Although Randgold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, 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. Randgold does not undertake to update any forward-looking statements herein, except in accordance with applicable securities laws. CAUTIONARY NOTE TO US INVESTORS: The SEC permits companies, in their filings with the SEC, to disclose only proven and probable ore reserves. We use certain terms in this report, such as 'resources', that the SEC does not recognise and strictly prohibits us from including in our filings with the SEC. Investors are cautioned not to assume that all or any parts of our resources will ever be converted into reserves which qualify as 'proven and probable reserves' for the purposes of the SEC's Industry Guide number 7.

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