Sihayo Gold Limited (ASX:SIH) Completes A$15 Million Placement

Perth, April 15, 2011 AEST (ABN Newswire) - Sihayo Gold Limited (ASX:SIH) is pleased to announce that it has received firm commitments for 75 million fully paid ordinary shares at A$0.20 per share to raise $15 million before costs pursuant to the placement announced on 14 April 2011.

The placement bookbuild was heavily oversubscribed and closed with strong demand from both existing and a number of new institutional and sophisticated investors. Placement shares are expected to be allotted and issued on Thursday, 28 April, the trading day after settlement. The new shares to be issued under the placement will rank equally with existing ordinary shares in Sihayo from their date of issue.

For further information about Sihayo or the capital raising, please contact:
Paul Willis, Chief Executive Officer, Sihayo Gold Limited: +61-8-9368-4544

Contact

Paul Willis Chief Executive Officer Email: sihayogold@sihayogold.com Tel: +61-8-9368-4544 http://www.sihayogold.com