JOHANNESBURG, South Africa, October 12 /PRNewswire-FirstCall/ -- Gold Fields Limited (Gold Fields) (NYSE, JSE) (DIFX: GFI) is pleased to announce that agreement has been reached in terms of which Gold Fields will effectively dispose of its assets in Venezuela to Rusoro Mining Ltd. (Rusoro) (TSXV: RML), for a total consideration of approximately US$532(i) million. Rusoro will pay Gold Fields a minimum of US$150 million in cash, US$30 million in convertible debt, and 140 million Rusoro shares, which will be approximately 38% of the outstanding shares of that Company after the transaction has been concluded. The transaction includes Rusoro acquiring Gold Fields' stake in the Choco 10 gold mine, as well as the contiguous mineral rights owned by Gold Fields. Ian Cockerill, Chief Executive Officer of Gold Fields said: "Additional capital investment is required to realise the full potential of the Choco 10 gold mine. However, after careful consideration we have concluded that, given the current environment, this investment is better made by others, with Gold Fields retaining exposure to the upside inherent in the assets." "The offer from Rusoro has presented us with an attractive opportunity to achieve this objective, as well as a return of approximately 25% on our total investment of US$425 million." The proceeds from the sale will be reinvested to create value for Gold Fields' shareholders. Options under consideration include, inter alia, debt reduction and the funding of Gold Fields' extensive capital investment portfolio. Cockerill added that while this sale reduced Gold Fields' international footprint, the Company remained fully committed to its strategy of international growth: "We have definitely not changed course and our aspiration to grow our international portfolio with appropriately sized, value adding assets, remain as strong as ever." (i) Based on the 10-day VWAP of the Rusoro share price The transaction is subject to various conditions, including South African Reserve Bank and Rusoro stock exchange approvals, the raising of the required funding by Rusoro, as well as approval by Rusoro shareholders, more than 50% of whom has given written irrevocable support to the transaction. Rusoro and Gold Fields expect the transaction to close in early December 2007. Orion Securities Inc. acted as exclusive financial advisor and McCarthy Tetrault LLP acted as legal advisor to Gold Fields. A telephone conference call will be held at 16:00 Johannesburg time (10:00am EST) today, 12 October 2007, to explain the rationale for the sale of the Venezuela assets as well as the sale of the Essakane Project announced on Thursday, 11 October 2007. The details of the conference call appear at the end of this press release. Gold Fields Limited is one of the world's largest unhedged producers of gold with production of approximately 4.0 million ounces per annum, mineral reserves of 94 million ounces and mineral resources of 252 million ounces. The Group employs some 47,000 employees across its operations and is listed on the JSE Limited South Africa (JSE) (primary listing), the New York Stock Exchange (NYSE) as well as the Dubai International Financial Exchange (DIFX). CONFERENCE CALL DETAILS Friday, 12 October 2007 For Johannesburg: 16:00 For United Kingdom: 15:00 hours GMT For Europe: 16:00 hours, European time For North America: 10:00 a.m., Eastern standard time DIAL IN NUMBERS South Africa Toll: 011-535-3600 Toll-free 0800-200-648 USA Toll:1-412-858-4600 Toll-free 1-800-860-2442 Australia Toll-free 1800-350-100 United Kingdom Toll-free 0800-917-7042 Canada Toll-free 1-866-519-5086 Europe and other Toll:+41-916-105-600 Toll-free 800-246-78-700 Ask for Gold Fields call SIMULTANEOUS AUDIO WEBCAST Available at our website, http://www.goldfields.co.za/ DIGITAL REPLAY AVAILABLE ONE-HOUR AFTER CALL Playback code: 2541# (Available for seven days) South Africa & Other: +27-11-305-2030 USA: +1-412-317-0088 United Kingdom: +44-(0)-808-234-6771 Europe: +41-91-612-4330 (Switzerland) Australia: 1-800-91-250 DATASOURCE: Gold Fields Limited CONTACT: Enquiries: Willie Jacobsz, Tel: +27-11-644-2460, Mobile: +27-82-493-1377,

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