Giyani Gold Filing Update

OAKVILLE, ON, May 2, 2016: Giyani Gold Corp. (TSXV: WDG) (the “Company” or “Giyani”) was in technical default of the provisions of NI 51-102 requiring the Company to file its Audited Annual Consolidated Financial Statements for the years ended December 31, 2015 and 2014 (“Annual Financial Statements”) and MD&A by March 30, 2016 resulting from its listing on the Johannesburg Stock Exchange (“JSE”). The Company remedied this default by filing its Annual Financial Statements and MD&A on April 29, 2016. 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.

On behalf of the Board of Directors of Giyani Gold Corp.

Duane Parnham, Executive Chairman

For further information:

Duane Parnham, Executive Chairman

Giyani Gold Corp.

Tel: 1.905.699.4404

Email: dparnham@giyanigold.com

Forward Looking Statements

This news release contains certain statements that may be deemed “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Giyani believes the expectations expressed in such forwardlooking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Giyani’s management on the date the statements are made. Except as required by law, Giyani undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.