Mr. Derek M. Urquhart

Derek M. Urquhart
Chief Financial Officer, Executive Director
Witwatersrand Cons. Gold Resources

Mr Derek Urquhart (Chief Financial Officer) (*)Non-executive Company Secretary Sponsor

Chief Financial Officer: Derek M. Urquhart

While reports of explorations by newly listed Wits Gold sparked interest, its chief financial officer, Derek Urquhart, pointed out that the company was in the early stages of exploration; it would be a while before feasibility studies could be done.

Mr Derek Urquhart, Chief Financial Officer(executive)

Derek Urquhart qualified as a chartered accountant (SA) from the University of the Witwatersrand in 1980. After graduating, he established his own auditing practice. He was then instrumental in the formation and management of Tyco Truck Manufacturers, where he served as vice chairman of the board of directors until his resignation in 2001 to follow his private business interests. Mr Urquhart joined Wits Gold in March 2005 as Chief Financial Officer and is a member of the Company's executive committee.

Mr Derek Urquhart, Chief Financial Officer (executive)

Derek Urquhart qualified as a chartered accountant (SA) from the University of the Witwatersrand in 1980.After graduating, he established his own auditing practice.He was then instrumental in the formation and management of Tyco Truck Manufacturers, where he served as vice chairman of the board of directors until his resignation in 2001 to follow his private business interests.Mr Urquhart joined Wits Gold in March 2005 as Chief Financial Officer and is a member of the Company's executive committee.

Mr Derek Urquhart, the CFO of Wits Gold has significant influence over the financial decisions of SA Freightliner Trucks(Pty) Limited. In the Wits Gold JSE listing prospectus and the annual report for 2006, these 118 198 shares were shown to be an indirect beneficial interest accruing to Mr Urquhart.
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Derek Urquhart Chief Financial Officer Tel: +27 11 832 1749

Mr Derek Urquhart, Chief Financial Officer: Derek Urquhart studied at the University of the Witwatersrand and qualified as a chartered accountant (SA). After graduating, he established his own auditing practice. He was later involved in the management of Tyco Truck Manufacturers, where he served as vice chairman of the board of directors until his resignation in 2001 to follow his private business interests. Mr. Urquhart joined Wits Gold in March 2005.