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TAW - Tawana Resources NL - First Tawana Sample at Riverton, Kimberley District, South Africa Yields Diamonds 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 Limited: TAW ISIN: AU000000TAW7 ("Tawana" or "the Company") 3 September 2007 First Tawana Sample at Riverton, Kimberley District, South Africa Yields Diamonds Tawana Resources is pleased to announce that larger than expected diamonds have been recovered during the first week of processing of the initial bulk sample collected at the Riverton kimberlite project in South Africa. The Company`s dense media separation (DMS) plant commenced processing the first of 6 samples on 23 August 2007. 18 diamonds weighing 9.07 carats have been recovered. These include a 3.12ct pale yellow diamond, a 1.31ct diamond and a 1.08ct diamond. The average size of the diamonds is 0.50 carats. This is an unusually large average size for diamonds from a kimberlite. To date 232 tonnes of kimberlite has been partially processed. 70 tonnes of this sample is classified as oversize and still needs to be crushed and re-processed. Located 25 kilometers north of Kimberley, this project is a joint venture with Taormina Mining (Pty) Limited ("Taormina"), an unlisted South African company. The 4 hectare kimberlite pipe, known as the Riverton Mine, is anecdotally reported to have produced good quality diamonds when it was mined by small scale diggers during the 1990`s. The bulk sample is part of a program to process 2000 tonnes of kimberlite from the Riverton Mine. At the completion of this program Tawana will be entitled to a 20% interest in the Prospecting Right over the project area. If warranted Tawana will then process a further 8000 tonnes which will entitle Tawana to a 51% interest. Thereafter Tawana has the option of acquiring an additional 19% by paying Rand 1.5 million to Taormina. The diamonds were recovered from the minus 16 mm plus 1.0 mm fractions of kimberlite sampled. The kimberlite material was processed in the Company`s DMS plant with diamond recovery by Flowsort x-ray plant and grease table. Contact: Wolf Marx Tel: +61 (0)3 98635222 Mob: +61 (0)428 398446 Email:wolf.marx@tawana.com.au This report is based on information compiled by Wolf Marx BSc, BA, FAusIMM, CPGeo, Managing Director of Tawana Resources NL. He has sufficient experience relevant to the style of mineralisation and types of deposits under consideration, and to the activities undertaken, to qualify as a competent person as defined in the 2004 edition of the "Australasian Code for the Reporting of Mineral Resources and Ore Reserves" All press releases and announcements may be inspected on the Company`s web site, namely: www.tawana.com.au South African Sponsor to Tawana: PricewaterhouseCoopers Corporate Finance (Pty) Limited Date: 03/09/2007 07:43:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
