Trading Symbol:  WDG - (TSX.V)

VANCOUVER, April 5 /CNW/ - Giyani Gold Corp ("Giyani") is pleased to announce that binding agreements have been signed with Corridor Mining Resources ("CMR") a South African state owned mining company and J.B. Scheffer, collectively the majority shareholders in Rock Island Trading 17 (Proprietary) Limited ("RI"). RI controls gold assets located in Limpopo Province of South Africa.

Giyani has with Lexshell 837 Investments (Proprietary) Limited, the South African 80% owned subsidiary of Kytanite Development Corp ("Kytanite"), entered into a binding letter of intent (the "LOI") the effect of which once the parties have satisfied the conditions of a definitive agreement to be entered into pursuant to the LOI will be to establish the Company's effective 32% ownership in RI. Lexshell has signed a second definitive agreement with J.B. Scheffer to acquire an additional 36% ownership in RI. On satisfaction of the conditions in the two definitive agreements Giyani will control 68% of RI and the remainder will be held by local South African partners including CMR and local BEE entities.

Whilst it is anticipated that Giyani will have completed its final due diligence review and data collection shortly, the closings of both the CMR and the Scheffer transactions (the "Transactions") remain subject to approval of South Africa's Department of Mineral Resources. Accordingly, Giyani and Salina Management Holdings Corp. (see press release dated October 6, 2010) have agreed to extend the deadline for closing the transactions until October 31, 2011.

Executive Chairman Duane Parnham was quoted, "Reaching binding terms is a major milestone in this effort we embarked on in the fall of 2010 to position Giyani Gold Corp as a vehicle to consolidate and renew interest in the prolific Giyani greenstone belt with an innovative model that offers shared benefits to all parties. This puts Giyani in the position to begin the process of compiling a resource model, expanding our technical team, and initiating an extensive drilling exploration program."

Knowledge Katti, VP of Business Development commented, "This partnership was born out of a spirit of cooperation between South Africa and Namibia, and further strengthened with a broadened network of international entrepreneurs and global investors. It is the belief and hope of all participants that Giyani Gold will be the model to demonstrate how business interests, state interests and community interests can be combined effectively."

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,

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, tile disputes or claims, and the Company's 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, and the risks 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.


For further information:

Alexander Helmel, President at 604-676-4133

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