SOURCE: Randgold Resources

October 09, 2009 15:57 ET

Resolution Passed at Moto Goldmines Special Meeting

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

LONDON--(Marketwire - October 9, 2009) - Randgold Resources Limited is pleased to note that, at the special meeting of shareholders and optionholders of Moto Goldmines Limited (TSX: MGL) (AIM: MOE) ("Moto") held on Friday 9 October, the resolution regarding the business combination with Randgold was duly approved.

The expected timetable for the transaction remains consistent with the guidance given to the market.

This release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities of Randgold or Moto.

Website: www.randgoldresources.com

ABOUT RANDGOLD

Randgold is a gold mining and exploration company with its principal activities focused on West and East Africa and stated reserves of 8.82 Moz as at 31 December 2008 for Loulo, Tongon and Massawa and 30 April 2009 for Morila mineral reserves. In Mali, Randgold has an 80% controlling interest in the Loulo mine, which is currently mining from two open pits and has just commenced mining from one underground mine whilst developing a second underground mine. In the Loulo region, Gounkoto, on the Loulo permit, is shaping up as a significant new discovery. Also in Mali, Randgold owns a 40% interest in the Morila Joint Venture, the owner of the Morila mine, which it also operates. In Côte d'Ivoire, Randgold owns an effective 84% controlling interest in the Tongon development project, where it has commenced construction and expects to be in production towards the end of 2010. In Senegal, Randgold has a new discovery, Massawa, which is at prefeasibility stage and which it believes has multi million ounce potential and the makings of a world-class orebody. Randgold also has exploration permits and licenses covering substantial areas in Mali, Côte d'Ivoire, Burkina Faso, Ghana, Senegal and Tanzania.

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/5805A_1-2009-10-9.pdf

Contact Information

  • RANDGOLD RESOURCES ENQUIRIES

    Dr Mark Bristow
    Chief Executive
    Tel: +44 788 071 1386
    Tel: +44 779 775 2288

    Kathy du Plessis
    Investor & Media Relations
    Tel: +44 20 7557 7738
    email: Email Contact

    RANDGOLD RESOURCES LIMITED
    Incorporated in Jersey, Channel Islands
    Reg. No. 62686
    LSE Trading Symbol: RRS
    Nasdaq Trading Symbol: GOLD
    ("Randgold")