ASX Release_Soil Anomalies Extended at Sinoe_March2012

ASX ANNOUNCEMENT 12th March 2012 Soil Anomaly Extended to 9 km at Sinoe Gold Project, Liberia, West Africa HIGHLIGHTS Additional results received; Northern soil anomaly extended from 5.8 km to 9 km +30 ppb (up to 1 g/t) gold Two significant +30 ppb soil anomalies defined with up to 1 g/t gold in soils on a broad 800 x 100m reconnaissance grid Southern anomaly 8 km long by 400 - 1400m wide, Northern anomaly 9 km long by 400 – 1600m wide 25 km along strike from 3.8 Moz Dugbe 1 (AIM: HUM), 40 km along strike from the 10 km long Bukon Jedeh soil anomaly (ASX: EQU) Emerging gold province in West Africa 200 x 50m infill soil sampling completed on Southern anomaly and underway over Northern anomaly 400m of trenching completed Drilling likely to occur in second quarter 2012 Tawana Resources NL (ASX: TAW, the „Company‟) is pleased to announce it has extended and identified several high priority soil anomalies from its maiden geological exploration program on the compan y‟s Sinoe project in Liberia, West Africa. Tawana Resources NL, Managing director, Len Kolff said “ These additional results have extended considerably the strike length of the Northern anomaly and confirm the ongoing potential of the Sinoe Gold Project ”, further adding “infill 200 x 50m soil sampling has been completed in record time on the Southern anomaly and trenching is underway to fast track target generation for drilling potentially in second quarter 2012 .” “The Dugbe Shear continues to shape up into a major new gold province in the West African gold story; it is exciting to be part of this emerging province” he said. Meanwhile work continue s at pace with a 400 x 50m soil sampling programme completed over the Nimba BLEG anomaly and sampling teams now relocated to commence sampling at the Lofa Project. CORPORATE DIRECTORY Warwick Grigor Non-Executive Chairman Len Kolff Managing Director Julian Babarczy Non-Executive Director Euan Luff Non-Executive Director Matthew Bowles Non-Executive Director Winton Willesee /Aaron Finlay Joint Company Secretary FAST FACTS Issued Shares: 856m Market Cap: $22m Cash (Dec-11 Qtly): $3.7m ASX CODE: TAW COMPANY HIGHLIGHTS New West African Gold Frontier Experienced Board and Management Alliance with Gryphon Minerals Sinoe Gold Project, Liberia Highly prospective Birimian gold structures on Dugbe shear Along strike from Dugbe gold project (3.8 Moz) Mofe Creek Iron Ore Project, Liberia High grade +40% Fe along 35 km strike 25 km to coast, adjacent to rail and port Along strike from >50 Mt Bomi Hills DSO project Nimba/Lofa Gold Projects, Liberia Close proximity to Ity Gold Mine (5 Moz) Located on known gold hosting structure Rakana JV (6.7%), South Africa Meletse Iron Ore and Avontuur Manganese JV managed by Aquila Resources CONTACT DETAILS Principal & Registered Office: Suite 25, 145 Stirling Highway Nedlands, Western Australia Email: [email protected] Website: www.tawana.com.au Phone: +61 8 9389 3140 Facsimile: +61 8 9389 3199

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ASX Release_Soil Anomalies Extended at Sinoe_March2012