Randsburg Signs Memorandum of Understanding to Acquire 100% of Nathalie Phosphate Project

Randsburg International Gold Corporation (TSX VENTURE:RGZ) ("Randsburg" or the
"Company") announced today that it has signed a Memorandum of Understanding
("MOU") to acquire a 100% interest in the Nathalie Phosphate Project. The
project is located approximately 45 kilometres north of the port of Baie-Comeau,
Quebec, on Quebec's North Shore.


The MOU gives Randsburg the right to acquire a 100% interest subject to a 2%NSR
in 53 claims comprising approximately 6300 acres. Randsburg also acquired by
staking, an additional 40 contiguous claims comprising approximately 5600 acres.
The Nathalie project is prospective for phosphate, iron and titanium.


The Nathalie Project has excellent infrastructure with asphalt road access from
the property to the port and industrial City of Baie-Comeau and electrical power
five kilometres away. With heavy lift handling capabilities and labor expertise,
the Port of Baie-Comeau is well adapted to a variety of cargoes. The terminal is
open year-round and benefits from a ro-ro ramp and a railcar ferry service to
Matane via the Canadian National (CN) railway system. In February the City of
Baie-Comeau announced a $250 million plan for the establishment of an ore
transshipment center and a deepwater dock. Future investments may also expand
road and rail access to areas north of the City.


The MOU was signed with three arm's length private individuals ("Vendors"),
resident in Quebec. Under the terms of the MOU the Company must pay the Vendors:
$12,000 within 7 days and additionally 500,000 shares in the stock of the
Company within 45 days of the TSX Venture Exchange's ("TSXV") approval. To
acquire 100% of the property, Randsburg must issue an additional 500,000 shares
by October 31, 2012, 500,000 shares by October 31, 2013 and 500,000 shares by
August 31, 2015. If the value of the above shares payments do not total
$400,000, at the election of the Company, the Company may elect to pay in cash,
shares, or a combination of cash and shares the difference. If the Company
elects to satisfy the additional amount in part through the issuance of shares,
the issue price of such shares would be based on the volume-weighted average
closing price per common share for the 10 trading days immediately preceding the
fifth trading day before the date of the payment, subject to a minimum of $0.06.
The first 500,000 shares are valued at $35,000 for purposes of the agreement.
The remaining shares are valued based on the volume-weighted average closing
price per common share for the 10 trading days immediately preceding the fifth
trading day before the date of the payment. The Company must also spend a
minimum of $200,000 on exploration and development of the property within the
time period of the contract, of which $50,000 shall be spent by October 31,
2012. Randsburg may purchase 50% of the above 2% Net Smelter Royalty by paying
the Vendors $1.2 million at any time following the commencement of commercial
production from the Nathalie Claims. The MOU will terminate upon the signing of
a Definitive Agreement. However, if for any reason, the Definitive Agreement has
not been executed by all parties within three months, the MOU shall become the
Definitive Agreement. Completion of the acquisition remains subject to TSXV
approval. The securities of the Company to be issued on the acquisition will be
subject to a four month hold period.


Phosphate is used in the production of fertilizer. Phosphate is an essential
element of plant nutrition, along with nitrogen and potash. It stimulates plant
growth, root proliferation and the early maturation of fruits and cereals.
Phosphate also increases plant resistance to cold, disease and adverse growing
conditions. 


Demand for phosphate is growing rapidly, as evidenced by its market price which
has risen from $42 per tonne to $190 per tonne in the course of the last six
years and has been as high as $380 per tonne. Moroccan phosphate rock
concentrate is typically used as the benchmark for worldwide phosphate pricing.
Current phosphate pricing based on 32-33% P2O5 FOB Morocco is roughly US$190 per
tonne. The U.S. is the world's largest supplier and consumer of phosphate. U.S.
supply has been steadily declining with several mines expected to close. Agrium
operates the only producing mine in Canada, near Kapuskasing Ontario. The mine
is expected to be exhausted and close in 2015. 


Several factors have contributed to the growing demand and higher prices for
phosphate, including:




--  increasing need for fertilizers in developing countries; 
--  low levels of global grain stocks; 
--  increasing demand for plants used to produce biofuels; 
--  growing demand for higher quality food; 
--  the closure of several mines; 
--  the rising costs of constructing new mines. 
--  lower grades and lower quality from existing mines 



In Quebec, the Arnaud Mine is a large apatite deposit located approximately 15
kilometres from Sept-Iles, on Quebec's North Shore. Apatite is a mineral
composed of phosphate found in volcanic rock. The Arnaud Mine partnership
includes Investissement Quebec, a Crown corporation, and Yara International ASA,
a Norwegian multinational. The feasibility study for the Arnaud Mine was
completed in November 2011. Development and construction work is scheduled to
begin in 2013 and production in 2015, with an annual production of 1.3 million
tonnes of 40% apatite concentrate.


On behalf of the Board of Directors of Randsburg International Gold Corp.

Michael Opara, President and Chief Executive Officer

Copyright, 2012 - Randsburg International Gold Corporation. This news release
can be reproduced and retransmitted in whole, with no changes permitted of any
kind, including headlines, or the addition of any headlines or other material,
and providing it is supplied and made available without charge to the end
reader.
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