Giyani Hires European Investor Relations Firm

OAKVILLE, ON, Jan. 23, 2012 /CNW/ - Giyani Gold Corp. (TSXV: WDG) (the "Company") is pleased to announce it has retained Profinnotiv AG to provide investor and public relations, and European capital markets advisory services in support of our Frankfurt listing (KT9.F). Profinnotiv has established relationships with European investment professionals and will expand the Company's profile with international investors.

"With our exploration programs underway in South Africa and Canada, our recently completed financing, and our board and management appointments, Giyani is strongly positioned to broaden awareness of the Company internationally while we execute our mandate to build resources and create shareholder value," stated Duane Parnham, Executive Chairman.

Under the terms of the agreement, Giyani will pay Profinnotiv an annual fee of $256,800. The contract has a term of 12 months, commencing immediately.

All amounts in Canadian dollars.

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"
Executive Chairman

This news release contains forward-looking statements and factual information that are current as of the date the news release was originally delivered. When used in this presentation, words such as "may", "would", "could", "will", "expect", "anticipate", "estimate", "believe", "contemplate", "intend", "budget" "plan" and other similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of properties; future prices of gold; fluctuations in currency markets; operating or technical difficulties in relation to the speculative nature of exploration and development; accidents, employee relations (including labour disputes) and other risks of the gold industry; ability to obtain financing; changes in costs and estimates associated with the Company's projects; legislative, political or economic developments in the jurisdictions in which the Company carries on business; requirements for additional capital; and regulatory restrictions including delays in obtaining governmental approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or expected. The Company 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 required by applicable law.

SOURCE GIYANI GOLD CORP.

For further information:

Darren Collins
Corporate Communications
Giyani Gold Corp.

Tel: +1.416.399.3422
Email: dcollins@giyanigold.com

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GIYANI GOLD CORP.

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