Statement re Wafi-Golpu Project

HARMONY

PRESS RELEASE

More significant exploration drill hole intercepts at Golpu - a world-class
copper-gold porphyry

Johannesburg. Friday, 22 October 2010. Harmony Gold Mining Company Limited
(Harmony) is pleased to announce further significant exploration drill hole
intercepts at the Golpu porphyry copper-gold deposit at the Wafi-Golpu Project
in Papua New Guinea (PNG), which is part of the company's joint venture with
Newcrest Mining Limited (Newcrest).

During the past quarter Harmony released an updated Statement of Reserves and
Resources which included an appreciable increase in the Wafi-Golpu Resource to
16Moz of gold and 4.8Mt of copper. Additional exploration drilling at Golpu
undertaken during the quarter has further extended the deposit with significant
intercepts as follows:

WR347 799m@1.43g/t Au, 1.90% Cu from 883m including 616m @ 1.79g/t Au, 2.34% Cu from 910m

WR348 561m@0.51g/t Au, 0.99% Cu from 179m including 209m@0.89g/t Au, 1.88% Cu from 359m

WR349 327m@0.39g/t Au, 1.23% Cu from 194m including 117m @0.63g/t Au,2.09% Cu from 262m

WR347 was drilled as a 100 metres step-out hole on the northern margin of the
existing resource. The intercept correlates with a zone of bornite
mineralisation and represents the highest grade results ever returned from
drilling at the project. This intersection significantly extends the higher
grade core of the Golpu resource to the north with the ore body remaining open
in this direction and at depth.

WR349 indicates that the high grade porphyry mineralisation extends to the
north and closer to the surface than previously modelled.

As a result of this drilling, the Wafi-Golpu exploration target1 has been
upgraded to 30Moz of gold and 8Mt of copper based on a tonnage range between
900 and 1,400 million tonnes. This targets growth of epithermal deposits to
between 100 and 200 million tonnes at a grade range between 1.5g/t and 2.0g/t
plus porphyry deposits to a range of 800 and 1,200 million tonnes at grades
between 0.7 and 1.1% copper and 0.5g/t  to 0.9g/t gold.

Furthermore Harmony is pleased to announce that the Wafi-Golpu concept study
was completed during August 2010. The concept study was building on previous
studies and was updated with new information and enhanced development
approaches during the study. The concept study demonstrates that a very robust
business case exists for the project and therefore both Harmony and Newcrest
have approved that the project progresses to the rre-feasibility study phase.

The main value drivers, for which several options will be considered during the
pre-feasibility study, are:

  * Further increasing the tonnage and grade of the resource;
  * Optimise the production rates from the panel caves to suit the footprint
    and draw heights;
  * Optimise the gold recovery of the refractory Wafi ore bodies; and
  * Positioning of infrastructure, waste dumps and tailings storage facilities
    in such areas to minimize the impact on the environment and to optimise the
    costs

The joint venture study team is targeting completion of the pre-feasibility
study towards the end of  2011 or early 2012. The Pre-Feasibility Study costs,
which includes the construction of a new road, the establishment of a camp and
associated infrastructure and the commencement of underground exploration
access (decline shaft) is estimated to be US$150 million2. Approval for the
construction of the access road and establishment of a camp and associated
infrastructure has been obtained from the local landowners and construction of
the new road will commence early during 2011.

Harmony CEO Graham Briggs says, "We can hardly contain our excitement each time
new drilling results are received. The latest intercepts, together with the
very positive outcome of the concept study emphasise the potential for the
joint venture to establish another high quality, world-class operation in Papua
New Guinea."

Ends.

Note: The Measured and Indicated Mineral Resources are inclusive of those
Mineral Resources modified to produce the Ore Reserves. The estimates of Ore
Reserves and Mineral Resources in this statement were prepared in accordance
with the standards set out in the "Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves - The JORC Code"
(December 2004) as published by the Joint Ore Reserve Committee of the
Australian Institute of Mining and Metallurgy, Australian Institute of
Geoscientists and Minerals Council of Australia (JORC) The JORC Code is the
accepted reporting standard for the Australian Stock Exchange (ASX).

The Exploration Results, Mineral Resources and Ore Reserves in the summary
tables and are based on information compiled by Michael Smith who is corporate
member of the Australian Institute of Mining and Metallurgy and who has
relevant experience of a 'competent person' as defined by the code for
reporting of Mineral Resources and Ore Reserves in relation to the
mineralisation being reported on and consents to the inclusion in the report of
the matters based on his information in the form and context in which it
appears.  Michael Smith is a full-time employee of Harmony PNG Service Pty Ltd

1 Refer to www.harmony.co.zafor details on Wafi Resources and the Golpu
exploration target guidance.

2 100% share.

Issued by Harmony Gold Mining Company Limited

22 October 2010

For more details contact:

Graham Briggs
Chief Executive Officer
on [phone]

or

Henrika Basterfield
Investor Relations Officer
on [phone]

Corporate Office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T [phone]

www.harmony.co.za

JSE:          HAR     HAR
NYSE:       HMY
ISIN No.:   ZAE000015228

END

HARMONY GOLD MINING CO LTD