Randsburg Completes Private Placement For Gross Proceeds of $600,000

Trading Symbol: RGZ.V

TORONTO, March 3 /CNW/ - Randsburg International Gold Corporation
(TSX Venture: RGZ) announced today that it has completed the previously
announced non-brokered private placement for gross proceeds of $600,000.
The private placement was comprised of 250,000 Units at $2.40 per Unit,
with each Unit consisting of one common share and one non-transferable share
purchase warrant. Each warrant entitles the holder to purchase one additional
common share of the Company for $3.00 per share for a two year period from
closing. The Golden Omega Fund LP of Delaware acquired 190,000 units of this
placement.
The shares and any shares acquired on the exercise of warrants are
subject to a hold period expiring on June 27, 2006.
A finder fee of 15,000 units was paid with respect to this placement, on
the same terms as the private placement units described above.

ABOUT RANDSBURG INTERNATIONAL GOLD CORPORATION
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Randsburg International Gold Corporation is a Canadian exploration
company listed on the TSX Venture Exchange (Symbol TSX-V:RGZ). The Company is
engaged in exploring for diamonds, titanium, iron, precious and base metals,
and platinum group metals (PGMs) in Brazil, Canada and Nevada. The Company has
three active exploration projects:

1.  Victory Strike diamond project in Brazil - 85% owned
2.  Titan Project (iron-titanium-vanadium) in Northern Ontario -
    100% owned
3.  Elephant Gold and Silver Project, Nevada - 50% owned

To find out more about Randsburg International Gold Corporation      
(TSX-V: RGZ), visit our website at www.randsburgdiamonds.com

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all
statements in this news release - including, without limitation, statements
regarding forecasts, plans and objectives of Randsburg International Gold
Corp. - are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from those
anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

Copyright, 2006 Randsburg International Gold Corporation. This news
release can be reproduced and retransmitted in whole, with no changes
permitted, and providing it is supplied and made available without charge
to the end reader.