News Release

Witwatersrand Consolidated Gold Resources Limited To Trade On Toronto Stock Exchange

January 17, 2008

Witwatersrand Consolidated Gold Resources Limited (the “Company”) - An application has been granted for the original listing in the Mining category of 27,890,916 ordinary shares of which 27,290,916 are issued and outstanding and 600,000 are reserved for issuance.

The ordinary shares of the Company will be listed and posted for trading at the opening of business on Monday, January 21, 2008.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Stock Symbol: “WGR”
CUSIP: S98297 10 4
Trading: CDN$

Temporary Market Maker: Research Capital Corportion

Other Markets: The ordinary shares of the Company have been listed on the Johannesburg Stock Exchange under the symbol: WGR since April 24, 2006 and the Level I American Depositary Receipts have been listed on the over-the-counter market under the symbol WIWTY.PK since August 7, 2006.

Head Office Address:
12th Floor
70 Fox Street
Marshalltown
Johannesburg, 2001
South Africa

Head Office Telephone Number: +27 (11) 832-1749

Fax Number: +27 (11) 838-3208

Email Address: derek@witsgold.com

Website: www.witsgold.com

Investor Relations: Hethen G. Hira
Email: hethenh@witsgold.com

Incorporation: The Company was incorporated under the Companies Act No. 61 of 1973 (as amended) on December 11, 2002 as Basfour 2759 (Pty) Limited and established its business in June 2003 as a gold exploration company with the objective of acquiring extensive mineral rights in the Witwatersand Basin. The name of the Company was changed in June 2003 to its current name.

The Company was converted from a private company to a public company incorporated under the laws of South Africa in December 2004.

Fiscal Year End: Last day of February

Chief Financial Officer: Derek M. Urquhart

Corporate Secretary: Brian Dowden

Nature of Business: The Company is a South African gold and uranium exploration company.

Transfer Agent & Registrar: CIBC Mellon Trust Company at its principal offices in Toronto.

Dividends: The Company has not declared any dividends and does not intend to pay any dividends on its ordinary shares in the foreseeable future.