Goldfield Comments on Erroneous News Report

MELBOURNE, Fla., Jan. 29 /PRNewswire-FirstCall/ -- The Goldfield Corporation (Amex: GV), a leading provider of electrical construction services in the southeastern United States, today advised that certain news stories published in recent days with respect to Gold Fields Ltd. have been mistakenly linked to The Goldfield Corporation and may have effected trading in its stock on the American Stock Exchange. The Goldfield Corporation stated that it has no connection with Gold Fields Ltd. and that the use of The Goldfield Corporation's stock symbol in such news stories was clearly erroneous.

About Goldfield

Goldfield is a leading provider of electrical construction and maintenance services in the energy infrastructure industry in the southeastern United States. The Company specializes in installing and maintaining electrical transmission lines for a wide range of electric utilities. Goldfield is also involved in the development of high-end condominium projects on Florida's east coast. For additional information, please visit http://www.goldfieldcorp.com.

    For further information, please contact:
    The Goldfield Corporation
    Phone: (321) 724-1700
    Email: investorrelations@goldfieldcorp.com

SOURCE The Goldfield Corporation