M E D I A
R E L E A S E
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
Postnet Suite
252 Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Dir +27 11 644-2460
Fa +27 11 484-0639
www.goldfields.co.za
Enquires
South Africa
Willie Jacobsz
Tel +27 11 644-2460
Fa +27 11 484-0639
North America
Cheryl A Martin
Tel +1 303 796-8683
Fa +1 303 796-8293
GOLD FIELDS ANNOUNCES THAT IT HAS
INCREASED ITS TOTAL INDIRECT STAKE IN
MEDORO RESOURCES LTD. TO 13.4%
Johannesburg, South Africa - January 18, 2005: Gold Fields Limited (JSE and NYSE: "GFI") announces that its indirect wholly-owned subsidiary, Orogen Holding (BVI) Limited, has purchased 7,692,307 common shares of Medoro Resources Ltd. (TSXV and AIM: "MRL") in a non-brokered private placement. The shares represent 8.1% of the issued and outstanding common shares of Medoro. The shares have been acquired for investment purposes.
In April 2004, Orogen purchased 5,000,000 common shares of Medoro, which together with the newly purchased shares brings Gold Fields' total indirect stake in Medoro to 13.4%. While Orogen has no current intention to acquire additional securities of Medoro in the immediate future, Orogen may increase or decrease its interest in Medoro at prices which it determines to be attractive at any time.
Medoro Resources Ltd. is a junior gold exploration and development company focussed on opportunities in Sardinia, Italy and elsewhere in Europe through joint ventures with strategic partners.
Gold Fields Limited is one of the world's largest unhedged producers of gold, with attributable production of 4.2 million ounces per annum, mineral reserves of 75.6 million ounces and mineral resources of 179 million ounces. The company is listed on the JSE Securities Exchange (primary listing), NYSE, LSE, Euronext in Paris and Brussels, as well as on the Swiss Exchange.
Enquiries:
Gold Fields Limited
Willie Jacobsz
Cheryl Martin
Senior Vice President
Vice President, North
Investor Relations
American Investor Relations
williej@goldfields.co.za
camartin@gfexpl.com
Phone +27 11 644-2460
Phone +1 303 796-8683
Fax +27 11 484-0639
Orogen Holding (BVI) Limited
9 Columbus Centre
Pelican Drive, Road Town, Tortola
The British Virgin Islands
Directors: C M T Thompson* (Chairman), A J Wright (Deputy Chairman), I D Cockerill+
(Chief Executive Officer),K Ansah
#
, G J Gerwel, N J Holland+
(Chief
Financial Officer), J M McMahon+
, G R Parker^
, R L Pennant-Rea
, P J Ryan, T M G Sexwale, B R van Rooyen, C I von Christierson
*Canadian,
^British,
+American,
#
Ghanaian.
Corporate Secretary: C Farrel