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TAW - Tawana Resources NL - Orapa Project Update- Bulk Sampling Commenced

Release Date: 11/04/2008 08:21:50      Code(s): TAW
TAW - Tawana Resources NL - Orapa Project Update- Bulk Sampling Commenced       
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")                                                     
11 April 2008                                                                   
Orapa Project Update- Bulk Sampling Commenced                                   
Tawana Resources NL ("Tawana") has been advised by its joint venture partner,   
Nowak Investments Pty Ltd ("Nowak") that excavations on the Orapa Project       
kimberlite BK24 have commenced.                                                 
Nowak is excavating three shafts into the kimberlite to access fresh kimberlite 
at approximately 30m below surface. The shafts are currently at 12.5m, 11m and  
2.7m depth.                                                                     
Once fresh kimberlite is intersected in the shafts, mini-bulk samples will be   
excavated and processed on site for diamond recovery.                           
Schedule                                                                        
Shaft 1 is scheduled for completion at the end of the first week of June, Shaft 
2 at the end of June and Shaft 3 at the end of July.                            
It should be noted however, that these dates are dependent on a number of items,
including water seepage management and penetration rates of the calcrete and    
kimberlite.                                                                     
Nowak has acquired a Dense Media Separation (DMS) plant which is due on site    
with commissioning to be completed by the end of May. It will be possible to    
provide a realistic estimation for the completion of processing of the excavated
kimberlite once the DMS is on site.                                             
Agreement Terms                                                                 
Under the terms of the agreement Nowak will be required to conduct and sole fund
the following program to earn a 51% interest in the project:                    
Review all the results from the work completed by Tawana.                       
Select kimberlites for mini-bulk sampling at the 30 metre level. For this       
purpose, the Management Committee, comprising members of Tawana and Nowak, will 
determine the selected kimberlites.                                             
Excavate at least one pit per selected kimberlite to a depth of 30 metres.      
Excavate from horizontal drives at the 30m level no less than 100 tonnes of     
kimberlite for processing from the selected kimberlites less than 1 hectare in  
surface area and no less than 200 tonnes of kimberlite from the selected        
kimberlites greater than 1 hectare in surface area.  A maximum of 1100 tonnes of
kimberlite will be excavated for processing during this initial phase. If       
warranted additional bulk sampling up to 3000 tonnes per kimberlite could be    
excavated and processed in subsequent phases.                                   
Nowak has also undertaken to conduct exploration on the Borolong and Moshaiwa   
projects.                                                                       
At the completion of the above program Tawana will have the option to contribute
49% of ongoing expenditure or allow Nowak to continue sole funding to earn 70%  
interest in the projects by completing a bankable feasibility study. Thereafter 
both parties will contribute pro-rata to expenditures.                          
Location and Background                                                         
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. These mines are owned by Debswana Diamond  
Company (Pty) Limited. 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. The Orapa mine is   
one of the largest producing kimberlites in the world and is 113 hectares in    
surface area.                                                                   
The Orapa mine is located 20 km to the west, Letlhakane is 30km to the south,   
and Damtshaa is 6km to the south of the Tawana licence.                         
Wolf Marx                                                                       
Tel: +61 3 98635222                                                             
Mob: +61 428 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" and the 2007 edition of the    
"South African Code for the Reporting of Exploration Results, Mineral Resources 
and Mineral Reserves (The SAMREC Code)"                                         
Sponsor to Tawana                                                               
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 11/04/2008 08:21:50 Supplied by www.sharenet.co.za                     
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