Randsburg International Gold Corp.
TSX VENTURE : RGZ

April 05, 2012 14:00 ET

Randsburg Seeking Extension to Warrant Expiry Date

TORONTO, ONTARIO--(Marketwire - April 5, 2012) - Randsburg International Gold Corporation (TSX VENTURE:RGZ) ("Randsburg" or the "Company") announced today that it is seeking to extend the expiry date of certain outstanding warrants. The subject warrants, totalling 4,400,000 were originally issued May 20, 2011 with an original expiry date of one year, being May 20, 2012. The new expiry date will provide a one year extension. 400,000 of these warrants are held by insiders and will only be amended with the approval of the disinterested shareholders of Randsburg which will be sought at the next shareholders meeting. The amendment to the expiry date of the warrants held by arm's length parties will become effective upon approval by the TSX Venture Exchange. The warrants will continue to be exercisable at their original exercise price. The amendment of the expiry date of the warrants requires approval by the TSX Venture Exchange.

Pursuant to its stock option plan, the Company has agreed to grant a total of 1,600,000 incentive stock options (the "Stock Options") to officers, directors and consultants of the Corporation. Each Stock Option entitles the holder thereof to acquire one common share of the Corporation at an exercise price of $0.10 per common share within 2 years of the date of grant. The grant of the Stock Options is subject to all required regulatory approval.

On behalf of the Board of Directors of Randsburg International Gold Corp.

Michael Opara, President and Chief Executive Officer

Copyright, 2012 - Randsburg International Gold Corporation. This news release can be reproduced and retransmitted in whole, with no changes permitted of any kind, including headlines, or the addition of any headlines or other material, and providing it is supplied and made available without charge to the end reader.

Neither 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 release.

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