GFI 201611180052A
Withdrawal of joint acquisition proposal for Kirkland Lake

Gold Fields Limited
Reg. No. 1968/004880/06)
Incorporated in the Republic of South Africa)
Share Code: GFI
ISIN Code: ZAE000018123

MEDIA RELEASE


GOLD FIELDS ANNOUNCES WITHDRAWAL OF JOINT ACQUISITION PROPOSAL FOR KIRKLAND
LAKE; REMAINS INTERESTED IN A NEGOTIATED TRANSACTION

Johannesburg, 18 November 2016:    Gold Fields Limited (Gold Fields) (JSE,
NYSE: GFI) announces that it and Silver Standard Resources Inc. (Silver
Standard) (TSX:SRO, Nasdaq: SSRI) have today withdrawn their latest joint
proposal to acquire all of the outstanding shares of Kirkland Lake Gold Inc.
(Kirkland Lake) (TSX: KLG) in a negotiated transaction.

As previously announced by Gold Fields, its wholly-owned subsidiary, Gold
Fields Netherlands Services B.V., has made three successive proposals
jointly with Silver Standard to acquire Kirkland Lake pursuant to a plan of
arrangement for consideration consisting of cash and shares of Silver
Standard or a combination thereof. In response to each proposal, the
Kirkland Lake board advised that it had determined that it was not
reasonably expected to result in a Superior Proposal relative to Kirkland
Lake’s previously announced combination with Newmarket Gold Inc. (Newmarket)
(TSX: NMI), and that Kirkland Lake would not be engaging in any discussions
with Gold Fields or Silver Standard or providing them with due diligence
access.

In light of the lack of engagement by the board of Kirkland Lake in response
to these proposals, and there being no basis to expect any further
engagement from Kirkland Lake, Gold Fields and Silver Standard are left with
no choice but to withdraw their latest proposal.

Gold Fields remains interested in pursuing negotiations toward a board-
supported transaction with Kirkland Lake in the event that Kirkland Lake’s
shareholders reject the Newmarket transaction.

This press release is not, and is not intended to be, a solicitation by Gold
Fields of proxies from any shareholder of Kirkland Lake or Newmarket. Gold
Fields does not seek the power to act, and will not act, as proxy for any
shareholder of either company.

Enquiries

Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com

Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 81 354 0236
Email: Thomas.Mengel@goldfields.com

Media

Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.com

                                      ends


Notes to editors

About Gold Fields

Gold Fields Limited is an unhedged, globally diversified producer of gold
with eight operating mines in Australia, Ghana, Peru and South Africa with
attributable annual gold production of approximately 2.0 million ounces. It
has attributable Mineral Reserves of around 46 million ounces and Mineral
Resources of around 102 million ounces. Attributable copper Mineral Reserves
total 532 million pounds and Mineral Resources 5,912 million pounds. Gold
Fields has a primary listing on the JSE Limited, with secondary listings on
the New York Stock Exchange (NYSE) and the Swiss Exchange (SWX).

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

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