Tawana Resources NL - Change of Director"s interest

Tawana Resources NL - Change of Director"s interest                             
Tawana Resources NL                                                             
(Incorporated in Australia)                                                     
Registration number ACN 085 166 721                                             
Share Code on the JSE Limited: TAW & ISIN: AU000000TAW7                         
Share Code on the Australian Stock Exchange: TAW & ISIN: AU000000TAW7           
("Tawana" or "the company")                                                     
Change of Director"s interest                                                   
Acquisition by directors of Tawana of shares in Tawana by virtue of share rights
issue to all shareholders of Tawana registered at 5 May 2006 on a 1 - for -3    
basis.                                                                          
In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the      
following information is disclosed:                                             
(1)Name of director:           W T Marx                                         
   Designation:                Director - Tawana                                
Date of transaction:        24 May 2006                                      
   Number of securities:       150 000 shares                                   
   Share price consideration:  A$0.35                                           
   Value of transaction:       A$52 500                                         
Nature of transaction:      Shares acquired by virtue                        
                               of a rights issue                                
   Nature of interest:         Indirect beneficial held                         
                               through Hudson Holdings                          
P/L Superannuation Fund of                       

                               which Mr Marx is a                               
                               beneficiary.                                     
   Clearance to deal obtained:    NA                                            
(2)Name of director:           R E Luff                                         
   Designation:                Director - Tawana                                
   Date of transaction:        29 May 2006                                      
   Number of securities:       879 184 shares                                   
Share price consideration:  A$0.35                                           
   Value of transaction:       A$307 715                                        
   Nature of transaction:      Shares acquired by virtue                        
                               of a rights issue                                
Nature of interest:         Indirect beneficial held                         
                               through Lufgan Nominees                          
                               P/L, Maram Nominees P/L,                         
                               McIvor Mining P/L and                            
Rornik Capital P/L of                            

                               which Mr Luff is a                               
                               director and shareholder                         
   Clearance to deal obtained:    NA                                            
(3)Name of director:          L Daniels                                        
   Designation:                Director - Tawana                                
   Date of transaction:        24 May 2006                                      
   Number of securities:       25 501 shares                                    
Share price consideration:  A$0.35                                           
   Value of transaction:       A$8 925                                          
   Nature of transaction:      Shares acquired by virtue                        
                               of a rights issue                                
Nature of interest:         Indirect beneficial held                         
                               through Nomathata Diamonds                       
                               Inc of which Dr Daniels is                       
                               a director and                                   
shareholder.                                     

   Clearance to deal obtained:    NA                                            
(4)Name of director:           B M Phillips                                     
   Designation:                Director - Tawana                                
Date of transaction:        29 May 2006                                      
  (a)Number of securities:       30 000 shares                                  
     Share price consideration:  A$0.329                                        
     Value of transaction:       A$9 871,50                                     
Nature of transaction:      acquired on open market                        
  (b)Number of securities:       41 400 shares                                  
     Share price consideration:  A$0.35                                         
     Value of transaction:       A$14 490,00                                    
Nature of transaction:      acquired by virtue of                          
                                 a rights issue.                                
   Nature of interest:         Indirect beneficial held                         
                               through BK Capital of                            
which Mr Phillips is a                           

                               director and shareholder                         
                               and Thylacine P/L of which                       
                               Mr Phillips is a                                 
beneficiary.                                     

   Clearance to deal obtained:    NA                                            
Johannesburg                                                                    
5 June 2006                                                                     
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited                  
Date: 05/06/2006 11:10:19 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department