Investors and media


Anooraq Advises of ongoing discussions relating to the Empowerment Transaction with Anglo Platinum

11 March 2009

March 11, 2009 Vancouver, BC Anooraq Resources Corporation ("Anooraq" or the "Company") (TSXV:ARQ; NYSE Alternext: ANO; JSE:ARQ) announces that discussions between Anglo American plc (the majority shareholder of Anglo Platinum Limited), Anglo Platinum, Anooraq and Pelawan Investments (Pty) Limited (the majority shareholder of Anooraq) regarding the Lebowa Transaction, as well as its associated financing strategy, are at an advanced stage.

Shareholders are referred to the cautionary announcements dated 2 October 2008, 14 November 2008, 12 December 2008 and 28 January 2009 relating to the purchase by Anooraq from Anglo Platinum of an effective 51% of the Lebowa Platinum Mine ("Lebowa") and an additional 1% controlling interest in each of the Ga-Phasha, Boikgantsho and Kwanda joint venture projects ("the Lebowa Transaction").

The joint technical review of the current Anglo Platinum-approved mine plan and capital program for Lebowa, referred to in the cautionary announcement dated 14 November 2008, is currently being finalised. An updated technical report on Lebowa is being prepared in compliance with National Instrument 43-101. This report will be filed on in due course as an update to the technical report prepared by Snowden Mining Industry Consultants in April 2008.

For further information on Anooraq and its South African properties, please visit our website or call investor services in South Africa at +27 11 883 0831 or in North America at 1 800 667 2114.

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