Galaxy Gold signs black economic empowerment (BEE) transaction

March 16, 2011

Johannesburg, South Africa - Galaxy Gold Mining Limited (Galaxy Gold) announced today that it has signed a black economic empowerment (BEE) transaction in terms of which a BEE consortium comprising Mpumalanga broad based black economic empowerment (BBBEE) companies -

predominantly small-, micro- and medium-sized enterprises (SMMEs) in the Barberton district - and strategic empowerment partners will hold 17.8% of Galaxy Gold operating subsidiary Galaxy Gold Reefs (Pty) Limited (Galaxy Gold Reefs).

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