Lithium rights joint venture completed and appointment of corporate advisor Tawana Resources NL (Incorporated in Australia) (Registration number ACN 085 166 721) Share code on the JSE Limited: TAW JSE ISIN: AU0000TAWDA9 Share code on the Australian Securities Exchange Limited: TAW ASX ISIN: AU000000TAW7 (“the Company” or “Tawana”) Lithium Rights Joint Venture Completed and Appointment of Corporate Advisor Tawana Resources NL (“Tawana” or the “Company”) (ASX:TAW) is pleased to announce that Lithco No. 2 Pty Ltd, a 100% owned subsidiary of Tawana, and Singapore Exchange Listed Alliance Mineral Assets Limited (collectively, the “Parties”) have on 10 April 2017 finalised the Lithium Rights Joint Venture Agreement (“Lithium JV”) with respect to the Bald Hill Lithium and Tantalum Project (“Project”) in Western Australia for the purpose of joint exploration and exploitation of lithium. The Lithium JV formalises that the Parties have agreed to associate themselves in a lithium joint venture (subject to Lithco No. 2 Pty Ltd having earned its 50% interest) and outlines the terms and conditions in which the joint venture will conduct exploration and, if warranted, mining operations of the lithium rights at the Bald Hill tenements. In addition, given the level of interest from both the capital markets and potential offtake partners to be involved in financing the development of the Project, Tawana has engaged Canaccord Genuity (Australia) Limited to provide corporate advisory services. About Tawana (ASX & JSE: TAW) Tawana Resources NL, is focussed on becoming a spodumene producer in 2017 with its high-quality lithium projects in Western Australia and Namibia. Tawana’s principal projects are the Bald Hill Lithium and Tantalum Mine (earning a 50% interest) and the adjacent Cowan Lithium Project. The projects have numerous high quality spodumene-rich pegmatites, some of which have been historically mined and processed for tantalum at the existing Bald Hill processing facility. The Company also owns rights to the giant Uis pegmatite tailings stockpile in Namibia, estimated to be 20 million tonnes. Drilling has been completed confirming the presence of lithium. Metallurgical test work to confirm acceptable recoverable grades has commenced and if favourable, there is potential for a low capex/opex operation. The Company also owns the Mofe Creek Iron Ore Project in coastal Liberia. The deposits are characterised by exceptionally coarse grained, high-grade free-dig, itabirite that have the potential to deliver a premium, low cost product. The Company is completing a Mineral Development Agreement (“MDA”) with the Government of Liberia and is considering initially collaborating with owners of the under-utilized port of Monrovia or others with a desire to develop a low capital cost DSO operation. 11 April 2017 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 11/04/2017 08:40:00 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.