Investors and media


Anooraq announces CEO transition

6 April 2011

Anooraq Resources Corporation ("Anooraq" or the "Company") (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) confirms the appointment of Mr. Harold Motaung as the Chief Executive Officer of the Company with effect from 1 April 2011, as approved by the Board of Directors.

Mr. Motaung will succeed Mr. Philip Kotze, whose fixed-term three-year contract terminates with effect from 1 April 2011. Mr. Kotze will continue to act as a consultant to Anooraq.

Mr. Motaung has been an executive director of Anooraq since 2004 and is one of the founding members of Atlatsa Holdings (Pty) Ltd, Anooraq's majority shareholder. He has a B.Sc in Mining Engineering and an MBA from the University of the Witwatersrand.

Mr. Motaung was previously employed at the Free State and Vaal River operations of Anglo American Corporation of South Africa Limited for six years. He then moved to the South African Department of Minerals and Energy as a Director within the Mine Inspectorate. He was subsequently promoted to Deputy Chief Inspector of mines post, where he was responsible for implementing the South African Mine, Health and Safety Act. His responsibilities also included briefs and presentations to the South African Parliamentary Portfolio Committee on the status of minerals and energy within the country, which culminated in the enactment of the Minerals and Petroleum Resources Development Act in South Africa.

Mr.Motaung has held positions on numerous boards of Government-associated institutions, including the National Nuclear Regulator, the Mining Qualifications Authority and the chairman position at the Mines Research Board which administered a Mining Safety Fund. Recently, he was appointed and served on the board of Minerals Technology as a non-executive chairman.

Mr.Motaung has worked closely with Mr.Kotze during the past three years, and his appointment follows a succession planning process. Anooraq Chairman TumeloMotsisi congratulated Mr. Motaung on his appointment and extended his thanks and best wishes to Mr. Kotze.

"Philip has made a substantial contribution to the company during an important phase in its development. A critical part of his mandate was to ensure that we achieved a smooth transition when we took over control at Bokoni Platinum Mines and then built a solid management and technical team to manage the operations. I am pleased that we achieved those goals during Philip's term with our Company."

"Equally, Harold will assume this role at another critical juncture, where we need to build on the early steps we have made towards growth and profitability to ensure that we fulfill the mandate that we have been tasked with in turning our assets to account, safely and in a profitable manner."

Anooraq Resources Corporation
Joel Kesler
Executive: Corporate Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556

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