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TAW - Tawana Resources NL - Expiry of listed options and notice of initial substantial holder 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") Expiry of listed options and notice of initial substantial holder Tawana Resources NL (ASX: TAW) advises that the listed stream of options over shares in the Company (ASX: TAWOA) ("Options") expire on 1 April 2011. The Company further advises that it will not, unless the fully paid ordinary shares in the Company trade on ASX at 7.5 cents or above before the expiry date, be sending notification of the expiry of the Options to individual Option holders. The following information is provided in accordance with the Listing Rules of ASX; Exercise price of the Options - 10 cents. Expiry Date of the Options - 1 April 2011. Each Option converts to one fully paid ordinary share if exercised. Should Option holders wish to exercise their Options they should return an exercise notice along with the relevant exercise monies to the Company`s share registry so that it is received before 5pm EST on 1 April 2011. Any Option not exercised on or before the expiry date will lapse and all rights under the Option will cease at that time. The Options will cease trading on ASX at the close of trading on 25 March 2011 The last trade on ASX of the fully paid ordinary shares in Tawana Resources NL was 5.1 cents on 8 March 2011 and the last trade on ASX of the Options was 0.5 cents on 20 January 2011. During the three months preceding the date of this notice the highest market sale price of ordinary shares on ASX was 5.7 cents on 4 and 7 March 2011 and the lowest market sale price of ordinary shares on ASX was 4.0 cents on 31 January 2011. During the three months preceding the date of this notice the Options traded four times. Each trade was at 0.5 cents. Shareholders attention is also brought to FORM 603, relating to a notice of initial substantial holder. A pdf version of this form can be found on the Tawana website. For further information please contact; Winton Willesee Joint Company Secretary Tawana Resources NL 9 March 2011 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 09/03/2011 11:07:01 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.
