OAKVILLE, ONTARIO--(Marketwired - Sept. 1, 2016) - Giyani Gold Corp. (TSX VENTURE:WDG) ("Giyani
Gold") is pleased to announce that Corridor Mining Resources (PTY) Ltd. our state-owned partner ("CMR") has confirmed that the
South African Department of Mineral Resources ("DMR") has provided Rock Island with an acceptance letter for a retention license
application submitted relating to their Prospecting Right LP306PR (Louis Moore) and Prospecting Right LP310PR (Klein
Letaba-Frankie, Horseshoe and Birthday). The acceptance letter is the last step towards the issuing of the final grant. CMR and
Giyani Gold own 45% each of Rock Island and share all corporate costs 50/50 in the South African registered operating
company.
"The Rock Island partners had a very productive meeting on August 31, 2016 in Pretoria discussing key issues such
as the immediate loan repayment owed to Giyani Gold, granting of our retention licenses and options to improve a way forward
designed to realize the true value of these key assets in an improved global gold market. We remain confident in South Africa's
mining environment and we are evaluating a number of opportunities available to spark future growth" stated Giyani's Executive
Chairman, Duane Parnham.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information and corporate documents may be found on www.sedar.com and www.giyanigold.com.
On behalf of the Board of Giyani Gold Corp.
Duane Parnham, Executive Chairman
Forward-Looking Statements
This news release includes certain forward-looking statements or information. All statements other than
statements of historical fact included in this release or other future plans, objectives or expectations of Giyani Gold Corp. are
forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from Giyani Gold's plans or expectations include risks
relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns
and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions,
regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the
filings made by Giyani Gold with securities regulators. Giyani Gold expressly disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.