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TAW - Tawana Resources NL - CEO Appointment 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") CEO Appointment Tawana Resources NL (ASX:TAW) is pleased to announce that it has appointed Mr. Lennard Kolff van Oosterwijk as Chief Executive Officer. Len joins Tawana having worked over the past decade at Rio Tinto, where he was involved in a range of high profile projects including the Simandou iron ore project and the Northparkes Cu-Au mine. Len`s responsibilities have encompassed a broad range of disciplines, including the design, implementation and supervision of multi-commodity exploration and pre-feasibility study resource drilling programs, management of geological teams and collaboration with the mine planning and development functions of major project teams. Tawana is delighted to have attracted an executive of the calibre of Len Kolff, whose skills and global experience are ideal for Tawana`s next phase of growth. Len will be integral in the evaluation and review of potential new project opportunities. For further information, please contact: Julian Babarczy Director +61 408 566 191 2 June 2010 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Details of CEO Remuneration In accordance with ASX guidelines requiring listed entities to disclose the relevant terms of the CEO`s remuneration, Tawana reports the following relevant terms of its employment agreement with Mr. Len Kolff. Duration of 2 years or longer as agreed between the Contract parties Services Those services usually required of a CEO of a company the size and nature of Tawana
Remuneration $190,000 per annum plus superannuation, and 5 million options with $0.03 strike price and 2 year duration, and
5 million options with $0.05 strike price and 4 year duration Performance $25,000 cash bonus should both of the Related following occur with the 1st year of Len Kolff`s employment; Tawana shares trade at $0.05 for a minimum of 30 consecutive days, and Tawana raises a minimum of $3million
via a capital raising Termination The agreement provides that the employment of Len Kolff can be terminated by either party giving 3
months notice. No termination payments are payable except in the event that Tawana is the subject of a successful takeover and where Len Kolff
subsequently does not agree to ongoing employment. In this instance Len Kolff is entitled to a termination payment equal to 3 months salary.
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