Giyani Gold Completes Spinout of Canadian Assets

OAKVILLE, ON, Dec. 6, 2013 /CNW/ - Giyani Gold Corp. (TSXV: WDG, JSE: GIY, 
NSX: GGC) ("Giyani Gold") is pleased to announce the acquisition of a majority 
interest in the newly launched company Canoe Mining Ventures Corp. ("Canoe") 
(formerly known as C Level III Inc.). As of December 10, 2013, the shares of 
Canoe will commence trading on the TSX Venture Exchange under the symbol 
"CLV". Giyani Gold's interest was acquired by means of a securities exchange 
agreement, by which Giyani Gold exchanged 100% of its common shares in 2299895 
Ontario Inc. ("2299895"), its majority held subsidiary, for 19.4 million 
common shares (57.7% ownership) of Canoe. As a result, Canoe has acquired 
all of 2299895's Canadian exploration permits, including the Abbie-Lake 
Property, the Keating Property, and the Killins Property as well as other 
minor Canadian exploration properties. 
Mr. Duane Parnham, Executive Chairman of Giyani Gold, commented: "Giyani Gold, 
through our large ownership position, will directly benefit from any successes 
Canoe has in their acquisition activities and exploration programs." Mr. 
Parnham further noted: "Canoe is a well-funded company with a strong 
shareholder base. I have joined Canoe's Board of Directors to help grow them 
into a leading Canadian-focused mining company which will, in turn, grow the 
value of Giyani Gold's holdings." 
It is expected that Canoe will initially commence with an exploration program 
consisting of geophysics and drilling on high priority targets identified on 
the Keating and Killins Property. 
Giyani Gold as a company is now focused on their Giyani Gold Project in South 
Africa and continuing their evaluation of acquisition targets in Southern 
Canoe and 2299895 each carried out respective private placements on November 
21, 2013 for combined aggregate gross proceeds of $1,416,665. The 2299895 
private placement raised $908,665 consisting of 865,395 common shares of 
2299895 issued on a subscription receipt basis at $1.05 per subscription 
receipt which were exchanged for seven (7) Canoe common shares and seven (7) 
Canoe common share purchase warrants which represent an aggregate total of 
6,057,765 common shares and 6,057,765 purchase warrants. 
For additional details relating to the transaction and the private placement, 
see the Canoe Mining Ventures Corp. news release dated December 6, 2013. 
Additional information and corporate documents may be found on the Giyani Gold 
Website - , the Canoe Mining Ventures Corp. website -, and 
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. 
Forward Looking Statements 
This news release includes certain forward-looking statements or information. 
All statements other than statements of historical fact included in this 
release or other future plans, objectives or expectations of Giyani Gold Corp. 
are forward-looking statements that involve various risks and uncertainties. 
There can be no assurance that such statements will prove to be accurate and 
actual results and future events could differ materially from those 
anticipated in such statements. Important factors that could cause actual 
results to differ materially from Giyani Gold's plans or expectations include 
risks relating to the actual results of current exploration activities, 
fluctuating gold prices, possibility of equipment breakdowns and delays, 
exploration cost overruns, availability of capital and financing, general 
economic, market or business conditions, regulatory changes, timeliness of 
government or regulatory approvals and other risks detailed herein and from 
time to time in the filings made by Giyani Gold with securities regulators. 
Giyani Gold expressly disclaims any intention or obligation to update or 
revise any forward-looking statements whether as a result of new information, 
future events or otherwise except as otherwise required by applicable 
securities legislation.

SOURCE  Giyani Gold Corp. 
Luke Vigeant, Head of Communications Giyani Gold Corp. Tel: 1.905.844.1456 
Chuck Allen, President Giyani Gold Corp. Tel: 1.905.844.1456 X223 
To view this news release in HTML formatting, please use the following URL: 
CO: Giyani Gold Corp.
ST: Ontario
-0- Dec/06/2013 15:39 GMT
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