Investors and media


Anooraq announces award of options

7 December 2009

December 7, 2009, Vancouver, BC ― Anooraq Resources Corporation ("Anooraq" or the "Company") (TSXV:ARQ; NYSE Amex:ANO; JSE:ARQ) announces the award on November 30, 2009 of options in respect of the Company's ordinary shares to the following directors of the Company, as set out in the table below:

Name of directorNumber of optionsTotal value (CAD)
Philip Kotze1,000,000840,000
Tumelo Motsisi800,00672,000
Harold Motaung510,00428,400
Wayne Kirk150,000126,000
Rizelle Sampson150,000126,000
Sipho Nkozi150,000126,000
Anu Dhir150,000126,000
Fikile de Buck150,000126,000
Ronald Thiessen150,000126,000

The options have been granted in terms of the Company's stock option plan at the strike price of CAD0.84 each. The options vest over the next three years as follows:

One third:November 30 2010
One third:November 30 2011
One third:November 30 2012

Once vested the options are exercisable immediately at the discretion of the holder; however, the options must be exercised by November 30, 2016, failing which they lapse.

The aforementioned directors have been given the prescribed clearance to conduct the transactions, and they each have a 100% direct and beneficial interest in the options.

On behalf of the Board of Directors
Philip Kotze
President and CEO

For further information, please contact:

Anooraq Resources

Joel Kesler
Executive: Corporate and Business Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556

Russell and Associates

Charmane Russell / Nicola Taylor
Office: +27 11 880 3924
Mobile: +27 82 372 5816 / +27 82 927 8957