ASA Gold and Precious Metals Limited Announces Repurchase of Shares

During the week ending September 2nd, 2011, ASA Gold and Precious Metals ASA has repurchased 100,000 of its own shares. Following the purchase, the Company has 19,340,000 shares outstanding. The Company's Chief Executive Office, David Christensen, noted that “the repurchases reflect the Board's commitment to increase shareholder value.” Under the Company's share repurchase plan, the Company can purchase shares from time to time in open-market purchases and block transactions in accordance with the federal securities laws. Share repurchases are made at management's discretion and no assurance can be made that the Company will purchase additional shares.