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TAW - Tawana Resources NL - Opes Prime Update-No Overhang

Release Date: 10/04/2008 11:03:01      Code(s): TAW
TAW - Tawana Resources NL - Opes Prime Update-No Overhang                       
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")                                                     
Opes Prime Update-No Overhang                                                   
Tawana Resources (TAW) advises that it has confirmed that the selling of Tawana 
shares by the ANZ Bank as a result of the Opes Prime Group Limited (Opes)       
realisation process has been completed. This eliminates the overhang of shares  
which appears to have had a detrimental effect on Tawana`s ASX share price in   
recent days. Registry records show that 5,306,841 Tawana shares were sold by ANZ
Nominees Limited  on 3 April 2008 and that this entity  
now holds no Tawana shares.                                                     
Directors note that the Tawana share price on the JSE increased substantially   
(55%) following the announcement below of 8 April 2008 regarding a manganese    
discovery in South Africa.                                                      
8 April 2008                                                                    
Aquila Discovers High Grade Manganese on Two Project Areas in South Africa      
Tawana indirect interest 5.2%                                                   
Aquila Resources Limited ("Aquila") today released an announcement to the       
Australian Securities Exchange relating to the discovery of high grade manganese
on two project areas in South Africa. The summary of the announcement follows.  
The full announcement can be viewed on Aquila`s website at                      
Tawana Resources NL ("Tawana") advises that it holds 26% equity in Rakana       
Consolidated Mines Pty Ltd ("Rakana"), the joint venture partner of Aquila in   
South Africa.                                                                   
Aquila Discovers High Grade Manganese on Two Project                            
Areas in South Africa                                                           
Highlights of intersected manganese mineralisation include:                     
-    6.69m at 46.13% Manganese                                                  
-    6.09m at 48.60% Manganese                                                  
-    3.70m at 40.81% Manganese                                                  
Carbon steel resources producer and developer, Aquila Resources Limited (ASX:AQA
Aquila or the Company) is pleased to announce promising manganese assay results 
from its Avontuur Projects located 75km north west of Kuruman, in the Northern  
Cape Province of South Africa.                                                  
The results are from the first three holes assayed from the 74% owned Avontuur  
Projects, which comprise a permit area of 370sq km. The manganese discoveries   
were identified on two mineralised prospects some 20km apart and adjoining the  
northern-most farms of the main Kalahari Manganese Field.                       
The permit was taken up initially for iron ore, but modelling of aeromagnetic   
data and assessment of previous exploration identified two targets for manganese
Wolf Marx                                                                       
Tel: +61 (0)3 98635222                                                          
Mob: +61 (0)428 398446                                                          
10 April 2008                                                                   
Sponsor to TawanaPricewaterhouseCoopers Corporate Finance (Pty) Ltd             
Date: 10/04/2008 11:03:01 Supplied by www.sharenet.co.za                     
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