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TAW - Tawana Resources NL - Press Release 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") 15 November 2007 Press Release - St Augustines Project, South Africa The Directors of Tawana, the ASX and JSE quoted diamond mining and exploration company, have been advised that court action is being considered to set aside the granting of the Prospecting Right over the St Augustines kimberlite in Kimberley, South Africa. In response to an article in the Diamond Fields Advertiser (DFA) on 15 November, our South African subsidiary issued the attached press release. 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" South African JSE Limited Sponsor: PricewaterhouseCoopers Corporate Finance (Pty) Limited PRESS RELEASE VECTO TRADE 436 (PTY) LIMITED AND TAWANA RESOURCES SA ON NEWS DE BEERS CONSIDERING COURT ACTION TO SET ASIDE ST AUGUSTINES PROSPECTING RIGHT The news relayed to us by the DFA that De Beers is considering court action to set aside the St Augustines Mine Prospecting Right, if true, would be tragic for mineral and economic development in the Kimberley Area. St Augustines Mine is as much part of Kimberley`s history as the Big Hole. If it still contains a viable resource, it would be grossly unfair to deny the modern residents of the City the benefits of its re-development especially since historic records show that the diamonds found in St Augustines`s appear to have been indistinguishable from those yielded by the western section of the Big Hole and that the two Mines are probably located on the same volcanic fissure. Vecto Trade and Tawana Resources have approached all stakeholders, including De Beers, involved in the development of the Big Hole Precinct as a tourist centre and diamond hub and assured them of our support. We genuinely believe that our proposed activities will enhance this development. We will bring diamond exploration and hopefully diamond production, cutting, polishing and distribution into the area making it a unique diamond hub with global tourist and business appeal. Adrian Horwitz Director Tawana Resources SA Spokesperson Vecto Trade 436 Date: 16/11/2007 07:55:05 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.
