SOURCE: Randgold Resources Ld

August 23, 2012 07:23 ET

Randgold welcomes political progress in Mali

JERSEY, CHANNEL ISLANDS--(Marketwire - Aug 23, 2012) -

Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD


Bamako, Mali, 23 August 2012 - Randgold Resources today welcomed the
appointment of a new interim government in Mali which, with the support
of Ecowas and the international community, has been extended to
constitute a government of national unity including all the political
parties and civil society. This represents a further step towards the
full normalisation of the country following the coup attempt earlier
this year. Randgold operates the Loulo and Gounkoto gold mines in Mali
as well as the Morila joint venture and is one of the largest
contributors to the country's economy.

Chief executive Mark Bristow said it was pleasing to see that continued
progress was being made in restoring full political stability in a
country which had long been an exemplary democracy. "We have often
said that we have confidence in the ability of Mali's people to resolve
their differences in a constructive manner and, while there is still
some way to go, this confidence remains unshaken. In the meantime, we
continue to stay in touch with all parties and to monitor the situation
closely," he said.

Chief Executive                              Financial Director
Mark Bristow                                 Graham Shuttleworth
+44 788 071 1386 / +223 66 75 01 22          +44 1534 735 333 /
                                             +44 779 771 1338

Group regional manager West Africa           Investor & Media Relations
Mahamadou Samake                             Kathy du Plessis
+223 66 75 61 36 / +223 20 20 16 94          +44 20 7557 7738 or


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
which such forward-looking statements are based are in turn based on
factors and events that are not within the control of 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 the integration of
Randgold and Moto, 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 the
section entitled 'Risk Factors' in Randgold's annual report on Form
20-F for the year ended 31 December 2011 which was filed with the US
Securities and Exchange Commission (the 'SEC') on 31 March 2012.
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 release, 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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