TAW - Tawana Resources NL - Expiry of listed options

TAW - Tawana Resources NL - Expiry of listed options                            
Tawana Resources NL                                                             
(Incorporated in Australia)                                                     
(Registration number ACN 085 166 721)                                           
Share code on the JSE Limited: TAW                                              
ISIN: AU000000TAW7                                                              
Option Code on the JSE Limited: TAWA                                            
ISIN: AU0000TAWOA6                                                              
Share code on the Australian Stock Exchange Limited: TAW                        
ISIN: AU000000TAW7                                                              
("Tawana" or "the Company")                                                     
EXPIRY OF LISTED OPTIONS - JOHANNESBURG STOCK EXCHANGE ("JSE")                  
Further to the detailed announcements published on SENS on 9 March 2011 and 14  
March 2011, Tawana Resources NL (JSE: TAW/TAWA) provides the following          
information regarding the listed options over shares in the Company ("Options") 
which will expire on 1 April 2011.                                              
-    Exercise price of the Options - 10 Australian cents/ 70 South African cents
-    Exchange rate at the close of LDT 25 March 2011-AUS$1=ZAR 7.0162           
-    Exercise price of the Options in ZAR- 70 South African cents               
Option holders should note that should they wish to exercise their Options they 
should return an exercise notice along with the relevant exercise monies to the 
Company`s transfer secretaries ("Computershare Investor Services (Pty) Ltd") so 
that it is received before 17:00 on                                             
1 April 2011.                                                                   
For further information please contact:                                         
Computershare Investor Services (Pty) Ltd                                       
Customer care line: 0861 100 950                                                
Important dates                                                                 
-    Options suspended on JSE trading system - 28 March 2011                    
-    Record date - 1 April 2011                                                 
-    Termination Date (at commencement of trade)- 4 April 2011                  
-    Issue Date- 11 April 2011                                                  
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
28 March 2011                                                                   
Date: 28/03/2011 15:34:01 Supplied by www.sharenet.co.za                     
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