Further Cautionary Announcement

    




 JOHANNESBURG, South Africa, May 3, 2012 /CNW/ - Anooraq Resources  Corporation ("Anooraq" or the "Company")    reports on the announcement released on 2 February 2012,  relating to the agreement of the key terms in respect of a transaction  to restructure, recapitalise and refinance Anooraq and the Bokoni group  of companies ("Bokoni group") (the "Transaction"), by the boards of  directors of Anglo American Platinum Limited, a 79% held subsidiary of  Anglo American plc, and Anooraq. 

 Shareholders are advised that the financial effects of the Transaction  are still being determined and may have a material effect on the price  of Anooraq securities. Accordingly, Anooraq shareholders are advised to  continue exercising caution when dealing in Anooraq securities until a  further announcement is made. 

 A further announcement will be released on the Securities Exchange News  Service of the Johannesburg Stock Exchange, as well as filed on SEDAR  and EDGAR, and published in the South African press as soon as the  definitive agreements have been signed and the financial effects have  been finalised. 

 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. 

Anooraq Resources Corporation


CONTACT:  Contact information:Anooraq Resources CorporationJoel KeslerExecutive: Corporate DevelopmentOffice: [phone]Mobile: [phone]Russell and AssociatesNicola TaylorOffice: [phone]Mobile: [phone]Macquarie First South CapitalAnnerie Britz/ Yvette Labuschagne/ Melanie de NysschenOffice: [phone] 


    

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