Giyani Gold corporate update

Trading Symbol: WDG - (TSX.V)

OAKVILLE, ON, Sept. 9, 2011 /CNW/ - Giyani Gold Corp ("Giyani" or the "Company") is pleased to provide a corporate update including a status report on the Giyani property acquisition and Ontario property initiative.

Board and Management

A new President, Mr. Chuck Allen, and a new Vice President of Exploration, Mr. Robert Middleton, have been appointed as officers of the Company. In addition, Mr. Ed Guimaraes and Mr. Scott Kelly were appointed as directors of the Company at its Annual General Meeting of Shareholders. Duane Parnham, Executive Chairman of the Company, commented "These appointments evidence the Company's ability to attract expertise consistent with the Company's objectives and places the Company in a strong position to execute its business plan. The Company thanks Mr. Rick Vaive and Mr. James Turner for their services during its initial development phase."

The Company further announces that it has granted 75,000 options to each of Darren Collins and Peter Milutinovic who are consultants to the Company. Each option is exercisable at $2.35 per common share with an expiry date of August 31st, 2016.

Giyani Gold Assets

The Company awaits approval from the South African Department of Minerals Resources ("DMR") to complete the Rock Island and Madonsi gold project acquisitions. The Company is in regular contact with the DMR and expects these approvals to be granted by the end of October 2011 in accordance with the extension of the vendor and escrow agreements.

The Rock Island and Madonsi gold assets are a strategically positioned land package located within a key geologically prospective and historically prolific gold producing region in the Limpopo province, South Africa. These assets are located within the Giyani Greenstone Belt which represents a historically underexplored region of the country and a key industry development initiative for both the Chamber of Mines of South Africa and the Geological Society of South Africa. The properties are all located within a 13 km long corridor of the highly prospective Archean Greenstones that host past production and considerable exploration potential.

Robert Middleton, Vice President of Exploration commented, "On completion of the acquisition of the Giyani gold assets, we will implement an extensive geological and geophysical program to explore extensions of the original gold zones as well as previously unexplored parallel zones. Upon completion of this program, we will determine the most attractive drill targets, and launch an aggressive drill program with the goal of delineating a gold resource with economic dimensions. The style and age of mineralization within the Giyani Archean Greenstone Belt is similar to that of other major producing gold camps in Northern Ontario and Quebec."

Ontario Update

The Company raised $1 million in flow through capital in 2010 with a view of allocating this capital on Ontario based projects. The Company has spent approximately $300,000 drilling 10 holes on the Skead property.  Since the results from these drill holes did not fit the Company's geological model of exploring for large scale gold opportunities, the Company's geological team recommended that the Company review other opportunities. The Company continues to evaluate Ontario based projects consistent with the Company's geological model.

The Company's Vice President of Exploration, Robert S. Middleton, P.Eng., a Qualified Person as defined by National Instrument 43-101, has read and approved the information contained herein.

Neither the 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 news release.

On behalf of the Board of
Giyani Gold Corp.,
"Duane Parnham"
Duane Parnham,
Chairman

This news release contains forward-looking statements regarding the future success of the business of the Company that is subject to risk and uncertainties. Examples of such forward-looking statements including, but are not limited to, statements concerning the Company's acquisition of the interest in the Giyani Gold Project, expectations concerning timing and success of exploration activities generally, government regulation of exploration and mining operations, indications and benefits of exploration, drilling test work and engineering assessments, environmental risks, title disputes or claims, and the Company's intention to raise additional capital and financing. These forward-looking statements involve known and unknown risk and intention to raise additional capital and financing. These forward looking statements involve known and unknown risk and uncertainties that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. These risks include risks related to whether or not the Company will complete the South African transaction, dependence on key personnel, competition, risks related to newly acquired businesses, uncertainty and dilution of additional financing and ability to service debt, as well as the risk factors described in the Company's Management Discussion and Analysis filed on SEDAR at www.sedar.com, and the risk to be described in any Management Information Circular. The forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

SOURCE GIYANI GOLD CORP.

For further information:

Darren Collins, Corporate Communications at (416) 399-3422 or email at dcollins@giyanigold.com

Profil de l'entreprise

GIYANI GOLD CORP.

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