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TAW - Tawana - Prospecting Licence granted over BK19-BK26 kimberlite field in

Release Date: 08/05/2007 08:31:56      Code(s): TAW
TAW - Tawana - Prospecting Licence granted over BK19-BK26 kimberlite field in   
              Botswana                                                          
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")                                                     
8 May 2007                                                                      
Prospecting Licence granted over BK19-BK26 kimberlite field in Botswana         
HIGHLIGHTS                                                                      
Prospecting Licence granted over 8 kimberlites (BK19-BK26) in the Orapa         
kimberlite field in Botswana, one of the largest diamondiferous kimberlite      
fields in the world, with 79 known kimberlites, of which the majority are       
diamondiferous. Prospecting Licence 061/2007 is valid for three years.          
The Orapa kimberlite field has three producing mines, Orapa, Lethakane and      
Damtshaa (comprising 4 kimberlites), and one developing project AK6.            
The BK24 diamondiferous kimberlite is located 2.5km from the Damtshaa Mining    
Lease (BK1), 22km from the Orapa Mining Lease and 28km from the Letlhakane      
Mining Lease.                                                                   
BK19-BK26 kimberlites have not been evaluated using modern techniques.          
Good potential exists for additional kimberlite discoveries in licence area.    
Exploration and evaluation plans are in place and field work is to commence     
immediately.                                                                    
Tawana Resources NL ("Tawana" or "the Company"), the ASX and JSE quoted diamond 
mining and exploration company, is pleased to announce that it has been granted 
a new prospecting licence over an area of approximately 57 square kilometres,   
covering 8 kimberlites in the Orapa kimberlite field in Botswana. Applications  
for this Prospecting Licence were submitted by a number of companies in a       
competitive basis. The Prospecting Licence is held in the name of Seolo Pty Ltd,
a 100% owned Botswana registered subsidiary of Tawana.                          
The Orapa kimberlite field is located in north eastern Botswana, and includes   
the Orapa, Letlhakane and Damtshaa diamonds mines, which produce in excess of 13
million carats of diamonds per year. The Orapa kimberlite field is one of the   
largest diamondiferous kimberlite fields in the world, containing 79 known      
kimberlites, of which the majority has been proven to be diamondiferous. Orapa  
is one of the largest producing kimberlites in the world and is 113 hectares in 
surface area.                                                                   
Wolf Marx, Managing Director of Tawana commented today: "The acquisition of 8   
kimberlites, at least one of which is known to be diamondiferous, in the Orapa  
kimberlite field in Botswana is a very significant development for Tawana. With 
the kimberlite exploration and evaluation expertise and equipment that we now   
have in the Company, we will be able to move the BK19-BK26 assessment forward   
rapidly and aggressively."                                                      
Mr. Marx went on to say: "The probable development by De Beers and AIM listed   
African Diamonds Plc ( AFD-L) of a new diamond mine in the Orapa area on the AK6
kimberlite, which was originally discovered and evaluated in the 1970`s and     
considered at that time to be a small, low-grade kimberlite, provides an        
indication of the potential that still remains in Botswana. The success of      
Firestone Diamond Plc (FDI-L) in discovering 11 new kimberlites since November  
2006 in the Tsabong area of Botswana is also noteworthy"                        
Work Program                                                                    
Tawana plans to undertake a program of evaluation of the kimberlites which will 
entail detailed geophysics, trenching and drilling to establish the size of the 
kimberlites, followed by bulk sampling to determine the grade and diamond       
quality of the kimberlites. Initial indications are that the diamondiferous BK24
is in excess of 3 hectares in surface area and at least one other kimberlite has
a surface area of 2 hectares. No previous drilling has been conducted on 7 of   
the eight kimberlites.  The budgeted expenditure for Year 1 is Pula 2 million   
(A$400,000)                                                                     
An initial review of available airborne geophysical data has indicated the      
possible presence of at least one new kimberlite in the Prospecting Licence     
area.                                                                           
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"                                
All press releases and announcements may be inspected on the Company`s web site,
namely: www.tawana.com.au                                                       
South African Sponsor to Tawana:                                                
PricewaterhouseCoopers Corporate Finance (Pty) Limited                          
Date: 08/05/2007 08:31:56 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  



                                        
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