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TAW - Tawana Resources NL - Tawana welcomes prominent South African

Release Date: 17/06/2008 10:45:01      Code(s): TAW
TAW - Tawana Resources NL - Tawana welcomes prominent South African             
Businesswomen on its share register                                             
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")                                                     
17 June 2008                                                                    
Tawana Welcomes Prominent South African Businesswomen on its Share Register     
Tawana Resources NL ("Tawana") is pleased to advise that two prominent South    
African business people, Ms Basetsana Kumalo and Ms Lindiwe Leketi have become  
Tawana shareholders via a transaction between their company, Pro Direct 189 Pty 
Ltd, ("Pro Direct") and Tawana.                                                 
Tawana has acquired Pro Direct`s 21% stake in Tawana`s Black Empowerment Partner
("BEE"), Seven Falls Trading 155 (Pty) Limited ("Seven Falls"). The             
consideration for the acquisition was 2,125,600 Tawana shares, giving Pro Direct
a holding of 2.09% in Tawana.                                                   
Tawana is in discussions with the other shareholders of Seven Falls to          
restructure the BEE relationship in line with current best practice.            
Ms Kumalo is President of the Business Womens`s Association of South Africa in  
Johannesburg, Executive Chairperson of Tswelopele Productions, a prestigious    
television production house, a Director of Union Alliance Media (Pty) Ltd, an   
all media company and an Anchor Presenter of  "Top Billing", a nationwide       
primetime travel and lifestyle television show.                                 
She sits on the Boards of Directors of eight companies with interests ranging   
from coal to capital funding and diamonds and has previously edited Top Billing 
and Drum Magazines.                                                             
She is also a dedicated social worker and has devoted much time to working for  
the Cancer Association, the Hospice Association, the Reach For a Dream          
Foundation and is an active fundraiser for a children`s home and hospital in    
Lindiwe Leketi holds a Masters Degree in Human Resources Management (RAU 1995)  
and a Social Work degree (UNITRA 1988).  From 1999 to 2005 she held the position
of Organisational Development Manager at the Council for Scientific and         
Industrial Research.                                                            
Presently she is a Director and a shareholder of five companies which hold      
diverse interests from coal prospecting rights in the Waterberg and Soutpansberg
regions of Limpopo province to shares in transport and well known construction  
companies in South Africa.                                                      
She is also a trustee of a charity organisation called Agang Sechaba whose main 
object is to improve the quality of life of disadvantaged communities around the
Managing Director, Wolf Marx, welcomed Ms Kumalo and Ms Leketi onto the Tawana  
share registry and said: "I am delighted that Ms Kumalo and Ms Leketi have      
agreed to become significant shareholders of Tawana, and look forward to them   
contributing to the future development of our Company. Their track record as    
respected and successful businesswomen is well documented, and their diverse    
holdings and connections across the mineral and media sectors in South Africa   
will no doubt be of immense benefit to Tawana."                                 
Wolf Marx                                                                       
Tel: +61 3 98635222                                                             
Mob: +61 428 398446                                                             
All press releases and announcements may be inspected on the Company`s web site,
namely: www.tawana.com.au                                                       
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 17/06/2008 10:45:01 Supplied by www.sharenet.co.za                     
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