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TAW - Tawana Resources NL - Executive Chairman`s briefing

Release Date: 10/10/2008 10:11:02      Code(s): TAW
TAW - Tawana Resources NL - Executive Chairman`s briefing                       
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")                                                     
Executive Chairman`s briefing                                                   
Continued strategic growth and significant cost reductions                      
Dear Shareholder,                                                               
In the current period of turmoil and volatility on the world capital markets, I 
thought it appropriate to communicate with you on the continued efforts of your 
Board and senior management team to both protect and enhance your investment.   
On assuming the role of Executive Chairman in late June 2008, I have undertaken 
a far-reaching operational review which has resulted in the identification of   
significant economies in recurrent corporate operational expenses. The reduction
of corporate overheads will mean cash preservation and a continued focus on the 
enhancement of your Company`s assets.                                           
Specifically, I can inform you of the following:                                
Corporate operational costs will be slashed by 45% over the near term.      
    Exciting progress continues at our Orapa project in Botswana with bulk      
    sampling, funded by our joint venture partner, to commence shortly.         
    Advanced discussions continue with the object of bringing our significant   
Kareevlei deposit nearer to trial mining. We hope to inform the market of a 
    trial mining joint venture shortly.                                         
    Our Black Empowerment initiatives whereby Seven Falls (our Black            
    Empowerment partner in South Africa) has converted its individual project   
interests into a direct equity in the holding company has been commended as 
    a desired model for exploration companies in southern Africa.               
    We continue to discuss ongoing funding and resource acquisition             
    opportunities with a large number of interested parties in South Africa,    
Australia and in other resource rich areas.                                 
Rest assured during these difficult times, your Board is actively focused on the
preservation and enhancement of shareholder value through intense corporate and 
resource activity.                                                              
Neil Barrie                                                                     
Executive Chairman                                                              
10 October 2008                                                                 
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 10/10/2008 10:11:02 Supplied by www.sharenet.co.za                     
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