Investors and media


Further cautionary announcement

28 June 2011

Shareholders of Anooraq ("Shareholders") are referred to the cautionary announcement dated 13 May 2011 relating to the discussions between Anooraq and Anglo Platinum Limited (the "Parties") surrounding a potential transaction between them. As stated in that announcement, the nature of these discussions surrounds the completion of a strategic review by the Parties of the assets and financing structures of, and relating to Bokoni Platinum Holdings (Pty) Limited, with a view to Anooraq effecting a restructuring and refinancing transaction in respect thereof.

As these discussions remain ongoing, Shareholders are advised to continue to exercise caution when dealing in their Anooraq securities until a further announcement is made.

28 June 2011

JSE Sponsor
Macquarie First South Advisers (Pty) Limited

Issued on behalf of Anooraq Resources Corporation

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

Russell and Associates
Charmane Russell
Office: +27 11 880 3924
Mobile: +27 82 372 5816

Macquarie First South Advisers
Natalie Di-Sante/Annerie Britz/Yvette Labuschagne
Office: +27 11 583 2000

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The NYSE Amex has neither approved nor disapproved the contents of this press release.

For further information on Anooraq, investors should review the Company’s annual Form 40-F filing with the United States Securities and Exchange Commission at and home jurisdiction filings that are available at . The Company's Annual Report on Form 40-F, which includes its audited financial statements for the fiscal year ended December 31, 2010, was filed with the Securities and Exchange Commission on March 23, 2011 and is available at . Shareholders have the ability to receive a hard copy of the Company's complete audited financial statements free of charge upon request.