Mr. Alex van Hoeken reports

GOLD GEOCHEMISTRY ANOMALIES DELINEATED ON THE KILO-RANDGOLD JOINT VENTURE PROJECT, DRC

Randgold Resources PLC (RRL) has provided the following update on the 2,056.76-square-kilometre Kilo Goldmines Ltd.-Randgold joint venture (JV) on the Ngayu and Isiro Archaean greenstone belts in Oriental province, the Democratic Republic of the Congo, today at the Indaba conference in Cape Town, South Africa.

• Regional soil sampling over the priority conceptual targets of the Ngayu belt is complete following the collection of 2,414 samples over a 400-metre by 200-metre grid, covering a total of 210 square km.
• The gold-in-soil results have been hand contoured and reveal three gold anomalies worthy of follow-up surface exploration work. The anomalies include Yambenda, Bonzuzu and Mbese.
• The most significant of these is Yambenda which measures 9.5 km by 1.5 km at 50 parts per billion gold (including 3.0 km by 1.5 km at 100 ppb and 1.5 km by 1.5 km at 100 ppb). The gold anomaly coincides with the flanks of a prominent ridge truncated by the southwest-flowing Nepoko River. Geologically the anomaly overlies a volcano sedimentary package and appears to be spatially associated with a steeply dipping banded iron formation trending northwest.
• Soil sampling has commenced on the Isiro belt. A total of 364 samples have been taken at the time of report but no assay results have been received.

Alex van Hoeken, president and chief executive officer of Kilo, today stated:

"We are extremely pleased with the professionalism and dedication of our joint venture partner, which has generated anomalies within four months of being on the ground. We look forward to infill results so that drilling could commence during the course of 2014."

Kilo -- RRL JV geology

The JV property is underlain with Archaean rocks of the Ngayu and Isiro greenstones belt. The greenstones belts comprise Upper Kabalian metasedimentary rocks, banded iron formation (BIF), iron (hematite), mafic volcanics as well as mafic to felsic intrusive rocks.

Soil sampling procedures

The soil samples were collected at a depth of approximately 50 centimetres, below the humus horizon and above the gravel layer, at 200 m intervals on lines 400 m apart. Sample sites were located by GPS and co-ordinates were recorded for each site. Approximately five kg of material present at the depth sampled was collected and placed into a plastic bag together with a prenumbered sample tag and the bag was securely closed. Topographic, grain size, colour, old/artisanal workings, farms, villages, roads, outcrop and regolith data were recorded during sampling.

Sampling was carried out by up to seven sampling teams, each led by a Congolese geologist. Kilo provided logistical support as well as sampling teams comprising technical and casual labour who reported to Randgold senior geologists.

Quality control and analytical procedures

Sample preparation consisted of sorting the samples into sequential numerical order, followed by drying at 90 C, and sieving to minus 80 mesh (80 microns) at Kilo's Somituri project exploration camp. Randgold delivered the sample pulps to the SGS Laboratory in Doko, DRC. SGS analyzed the samples using a 50 g charge by fire assay with atomic adsorption; SGS method, FA505.

Analytical quality control consisted of the insertion of commercial blank and standard reference material in every batch of samples submitted for analysis.

About the KGL -- RRL JV

The Kilo -- RRL JV project, consisting of 12 exploration licences, is held 75 per cent by Kilo and 25 per cent by Suez Holdings Ltd., the property vendor. Kilo has an agreement to buy out its 25-per-cent minority partner, Suez Holdings Ltd, which has a free carried interest through production for non-iron commodities. Buy-out terms are an aggregate of $635,000 (U.S.) in cash and 356,000 shares over a six-year period with initial no cash down (see press release dated Dec. 6, 2012).

Pursuant to the Kilo-RRL JV option agreement for gold and associated minerals (see press release dated Dec. 6, 2012) Randgold is required to finance all exploration on Kilo's licences for which they will obtain incremental ownership based on milestone events. Randgold has up to five years to establish a prefeasibility study and a joint venture committee will manage the exploration program which will rely on knowledge and expertise from both companies.

The terms of the agreement are:

• RRL to earn 51 per cent for the completion of a prefeasibility study;
• KGL right to maintain 49 per cent post-PFS;
• RRL to earn 65 per cent for the completion of a bankable feasibility study (BFS) should KGL not contribute post-PFS;
• KGL option to convert to 1.5-per-cent royalty if diluted to 10 per cent or less;
• KGL keeps the exploration rights to all minerals not associated with gold;
• PFS to be established within five years;
• BFS to be established within one year after PFS, or such longer time to be agreed by the parties.

The optioned licences have been transferred into a DRC entity that is held as to 51 per cent RRL and 49 per cent Kilo, however RRL must satisfy above-mentioned milestones prior to earning any interest.

Qualified person

The soil geochemical surveys disclosed in this press release were planned and supervised by RRL, the project operator. Technical data and figures disclosed in this press release were provided to Kilo by RRL. Stanley Robinson, MSc, PGeo, is the qualified person (as such term is defined under National Instrument 43-101) of Kilo and has reviewed the scientific and technical information obtained from RRL and contained in this release, however, the database, soil sample co-ordinates and analytical certificates were neither reviewed or verified.

We seek Safe Harbor.