Joint Media Release Update on Chucapaca Project in Southern Peru

  Joint Media Release Update on Chucapaca Project in Southern Peru

Business Wire

JOHANNESBURG & LIMA, Peru -- November 14, 2012

Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) and Compañia
de Minas Buenaventura S.A.A. (Buenaventura) (NYSE, BVN; Lima Stock Exchange:
BUE.LM) today announced an update on the Chucapaca exploration project in the
southern Peruvian region of Moquegua. The project is a joint venture by Gold
Fields (51%) and Buenaventura (49%) and operated by Gold Fields.

The partners have studied the viability of a large open-pit operation capable
of sustaininga 30,000tonnesper day throughput. A first draft of the
feasibility study has been completed and as a result ofrelatively
highcapital and operating coststhisoptionwould not have
deliveredacceptable project returns.

Consequently, further study work will have to be performed by the joint
venture focusing on value engineering the project to achieve the expected
returns. Future work will mainly include the following:

  *Analysingdifferent options for mine development, including an underground
    or a combined open-pit underground operation, and alternative throughput
  *Re-establishing exploration to add resource flexibility, once the required
    permits are granted;and,
  *Optimising capital and project operating costs.

The partners reiterate their commitment to unlocking the potential of the
Chucapaca project,which will need the support of all stakeholders,
particularly neighbouringcommunities. Gold Fields has built a close
relationship with them and expects to continue working together through this
phase of the project.

Notes to editors

About Gold Fields

Gold Fields is one of the world’s largest unhedged producers of gold with
attributable annualised production of 3.6 million gold equivalent ounces from
eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields
also has an extensive and diverse global growth pipeline with four major
projects in resource development and feasibility, with construction decisions
expected in the next 18 to 24 months. Gold Fields has total attributable gold
equivalent Mineral Reserves of 76.7 million ounces and Mineral Resources of
225.4 million ounces. Gold Fields is listed on the JSE Limited (primary
listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext
in Brussels (NYX) and the Swiss Exchange (SWX).

About Buenaventura

Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded,
Precious Metals Company and a major holder of mining rights in Peru. The
Company is engaged in the mining, processing, development and exploration of
gold and silver and other metals via wholly owned mines as well as through its
participation in joint exploration projects. Buenaventura currently operates
several mines in Peru (Orcopampa*, Poracota*, Uchucchacua*, Antapite*,
Julcani*, Recuperada*, El Brocal, La Zanja, Coimolache and CEDIMIN*). The
Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with Newmont
Mining Corporation), an important precious metal producer; 19.58% of Sociedad
Minera Cerro Verde, an important Peruvian copper producer, and 49% of Canteras
del Hallazgo S.A, owner the Chucapaca project.


Enquiries: Gold Fields
Investor Relations
Willie Jacobsz, +27 11 562-9775
Mobile: +27 (0) 82 971 9238
Sven Lunsche, +27 11 562-9763
Mobile: +27 (0) 83 260 9279
Diego Ortega
Mobile: +51 (0) 9963 70508
Enquiries: Buenaventura
Carlos Galvez, +51 1 419-2540
Daniel Dominguez, +51 1 419-2536
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