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TAW - Tawana Resources NL - First Tawana Sample at Riverton, Kimberley District,

Release Date: 03/09/2007 07:43:01      Code(s): TAW
TAW - Tawana Resources NL - First Tawana Sample at Riverton, Kimberley District,
South Africa Yields Diamonds                                                    
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")                                                     
3 September 2007                                                                
First Tawana Sample at Riverton, Kimberley District, South Africa Yields        
Diamonds                                                                        
Tawana Resources is pleased to announce that larger than expected diamonds have 
been recovered during the first week of processing of the initial bulk sample   
collected at the Riverton kimberlite project in South Africa. The Company`s     
dense media separation (DMS) plant commenced processing the first of 6 samples  
on 23 August 2007.                                                              
18 diamonds weighing 9.07 carats have been recovered. These include a 3.12ct    
pale yellow diamond, a 1.31ct diamond and a 1.08ct diamond. The average size of 
the diamonds is 0.50 carats. This is an unusually large average size for        
diamonds from a kimberlite.                                                     
To date 232 tonnes of kimberlite has been partially processed. 70 tonnes of this
sample is classified as oversize and still needs to be crushed and re-processed.
Located 25 kilometers north of Kimberley, this project is a joint venture with  
Taormina Mining (Pty) Limited ("Taormina"), an unlisted South African company.  
The 4 hectare kimberlite pipe, known as the Riverton Mine, is anecdotally       
reported to have produced good quality diamonds when it was mined by small scale
diggers during the 1990`s.                                                      
The bulk sample is part of a program to process 2000 tonnes of kimberlite from  
the Riverton Mine. At the completion of this program Tawana will be entitled to 
a 20% interest in the Prospecting Right over the project area. If warranted     
Tawana will then process a further 8000 tonnes which will entitle Tawana to a   
51% interest. Thereafter Tawana has the option of acquiring an additional 19% by
paying Rand 1.5 million to Taormina.                                            
The diamonds were recovered from the minus 16 mm plus 1.0 mm fractions of       
kimberlite sampled. The kimberlite material was processed in the Company`s DMS  
plant with diamond recovery by Flowsort x-ray plant and grease table.           
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: 03/09/2007 07:43:01 Supplied by www.sharenet.co.za                     
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