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TAW - Tawana Resources NL - Press Release

Release Date: 16/11/2007 07:55:05      Code(s): TAW
TAW - Tawana Resources NL - Press Release                                       
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")                                                     
15 November 2007                                                                
Press Release - St Augustines Project, South Africa                             
The Directors of Tawana, the ASX and JSE quoted diamond mining and exploration  
company, have been advised that court action is being considered to set aside   
the granting of the Prospecting Right over the St Augustines kimberlite in      
Kimberley, South Africa.                                                        
In response to an article in the Diamond Fields Advertiser (DFA) on 15          
November, our South African subsidiary issued the attached press release.       
Wolf Marx                                                                       
Tel: +61 (0)3 98635222                                                          
Mob: +61 (0)428 398446                                                          
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"                                
South African JSE Limited Sponsor:                                              
PricewaterhouseCoopers Corporate Finance (Pty) Limited                          
TO SET ASIDE ST AUGUSTINES PROSPECTING RIGHT                                    
The news relayed to us by the DFA that De Beers is considering court action to  
set aside the St Augustines Mine Prospecting Right, if true, would be tragic    
for mineral and economic development in the Kimberley Area.                     
St Augustines Mine is as much part of Kimberley`s history as the Big Hole. If   
it still contains a viable resource, it would be grossly unfair to deny the     
modern residents of the City the benefits of its re-development especially      
since historic records show that the diamonds found in St Augustines`s appear   
to have been indistinguishable from those yielded by the western section of     
the Big Hole and that the two Mines are probably located on the same volcanic   
Vecto Trade and Tawana Resources have approached all stakeholders, including    
De Beers, involved in the development of the Big Hole Precinct as a tourist     
centre and diamond hub and assured them of our support. We genuinely believe    
that our proposed activities will enhance this development. We will bring       
diamond exploration and hopefully diamond production, cutting, polishing and    
distribution into the area making it a unique diamond hub with global tourist   
and business appeal.                                                            
Adrian Horwitz                                                                  
Tawana Resources SA                                                             
Vecto Trade 436                                                                 
Date: 16/11/2007 07:55:05 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          

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