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Randgold Resources (RRS)

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Wednesday 24 August, 2005

Randgold Resources

JV with Tanzanian Government

Randgold Resources Ld
24 August 2005

Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD


Dar es Salaam, 24 August 2005 (LSE:RRS)(Nasdaq:GOLD)  -  London and Nasdaq
listed gold miner Randgold Resources announced today that it had signed a
joint-venture agreement with the government of Tanzania to develop new mineral
deposits in that country.

Known as the Tangold agreement, it relates to a specific area of interest, the
Kiabakari Maji-Moto region, which covers 2 692 km(2) around the Buhemba mine but
not the mine itself.  Included in the agreement are the Buhemba South
prospecting licence and the Kiabakari prospecting licence, which incorporates
the old Kiabakari mine.  The Kiabakari deposit was discovered in 1893 and when
closed in 1966 was the third-largest gold mine in Tanzania.

In terms of the Tangold agreement, Randgold Resources will fund all exploration
and feasibility study costs related to the joint venture.  The government
retains a free and carried stake of 10% in the area of interest and in any
special purpose company which may develop a mine there.  On the completion of a
Type IV feasibility study, the government will have a one-time right to buy an
additional 15% participating interest in the specific discovery.

'The Tangold agreement marks a significant milestone in the evolution of our
Tanzanian strategy and is in line with our overall strategy of developing gold
opportunities in close partnership with the host country,' Randgold Resources
chief executive Dr Mark Bristow said today.

Randgold Resources is an international gold mining and exploration business
focused on Africa.  Its mission is to discover, develop and manage gold


Chief Executive       Financial Director      Investor & Media Relations
Dr Mark Bristow       Roger Williams          Kathy du Plessis
+44 779 775 2288      +44 791 709 8939        +27 11 728 4701
                                              Cell: +27 (0) 83 266 5847

Website :

DISCLAIMER: Statements made in this document with respect to Randgold Resources'
current plans, estimates, strategies and beliefs and other statements that are
not historical facts are forward-looking statements about the future performance
of Randgold Resources.  These statements are based on management's assumptions
and beliefs in light of the information currently available to it.  Randgold
Resources cautions you that a number of important risks and uncertainties could
cause actual results to differ materially from those discussed in the
forward-looking statements, and therefore you should not place undue reliance on
them.  The potential risks and uncertainties include, among others, risks
associated with: fluctuations in the market price of gold, gold production at
Morila, the development of Loulo and estimates of resources, reserves and mine
life.  For a discussion on such risk factors refer to the annual report on Form
20-F for the year ended 31 December 2004 which was filed with the United States
securities and exchange commission (The 'SEC') on 29 June 2005.  Randgold
Resources sees no obligation to update information in this release.

                      This information is provided by RNS
            The company news service from the London Stock Exchange