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TAW - Tawana Resources NL - Unusual trading clarification

Release Date: 03/04/2008 08:54:37      Code(s): TAW
TAW - Tawana Resources NL - Unusual trading clarification                       
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")                                                     
Unusual Trading Clarification                                                   
Tawana Resources (TAW) advises that it has established that the unusually large 
volume of its shares traded on the ASX today was due to the sale of             
approximately 5.2 million Tawana shares as a result of the Opes Prime Group     
Limited (Opes) realisation process.                                             
The Directors of Tawana have established that these shares were originally held 
by a group of investors which had exposure to Opes. Directors have been advised 
that there are no further Tawana shares held by the receivers and managers of   
Opes.                                                                           
The Directors further advise that none of their Tawana share holdings are       
subject to margin lending facilities.                                           
Tawana has no association with Opes.                                            
Contact:                                                                        
Wolf Marx                                                                       
Tel: +61 (0)3 98635222                                                          
Mob: +61 (0)428 398446                                                          
Email:wolf.marx@tawana.com.au                                                   
3 April 2008                                                                    
Sponsor to TawanaPricewaterhouseCoopers Corporate Finance (Pty) Ltd             
Date: 03/04/2008 08:54:37 Supplied by www.sharenet.co.za                     
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