Angus Mining Provides Update of Drilling Results Following Completion of Phase One Exploration Program at Ondundu Gold Project

   Angus Mining (Namibia) Inc. ("Angus Mining" or the "Company") (TSX VENTURE: ANA) is pleased to provide an update of drilling results from the Ondundu Gold Project in Namibia following the completion of its phase one exploration program.

In the first phase of exploration, the Company completed over 12,900 meters of diamond drilling, and 1,200 meters of reverse circulation drilling across 61 drill holes. The program was designed to test the strike extent and width of the Ondundu Main Zone ("OMZ"), and to delineate a low grade, bulk tonnage gold resource. A map of the Ondundu gold project is available at www.angusmining.com/projects.php.

Through the addition of a second assay laboratory in Johannesburg, South Africa, the Company has worked through outstanding assay issues, and is satisfied that the results returned to date provide an accurate representation of the extent of gold mineralization in the OMZ Zone.

Angus Mining CEO, Fraser Buchan comments; "while on the whole results at the Ondundu Project have been slightly lower grade than we expected, mineralization has been widespread and consistent, and the potential for defining a large open pit deposit remains intact. The Project merits further exploration work, which we expect to complete through our partnership with Forsys Metals, with the aim of further defining an economic gold resource."

The Company expects to provide a corporate and strategic update related to the Ondundu Gold Project, and the Company's majority ownership position in SilverReef Resources, in the coming weeks.

Highlights from the Phase One Exploration Program at the Ondundu Gold Project are presented in a table 1, on page 2. Portions of these results have been previously disclosed.

   Table 1: Highlighted Results from Phase One Drilling Program at Ondundu

Hole Number     Intersection            Assay       Including
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ADD003            40m - 206m  166m @ 0.34 g/t
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ADD005           115m - 135m   20m @ 0.40 g/t
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ADD006            20m - 105m   85m @ 0.40 g/t   6m @ 1.13 g/t
                                                9m @ 0.83 g/t
                 124m - 163m    39m @ 0.35g/t
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ADD007            75m - 307m  232m @ 0.33 g/t  19m @ 0.80 g/t
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ADD008              0m - 77m   77m @ 0.31 g/t
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ADD009            20m - 229m  209m @ 0.54 g/t 110m @ 0.81 g/t
                                               29m @ 1.99 g/t
                                                9m @ 0.65 g/t
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ADD010            46m - 162m  116m @ 0.32 g/t  29m @ 1.66 g/t
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ADD012            40m - 158m    1m @ 7.12 g/t
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ADD016           125m - 128m    3m @ 1.66 g/t
                 207m - 208m    1m @ 3.83 g/t
                 286m - 287m    1m @ 2.95 g/t
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ADD018             26m - 31m    5m @ 1.50 g/t
                   48m - 49m    1m @ 3.35 g/t
                   54m - 56m    2m @ 1.93 g/t
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ADD021             63m - 72m    9m @ 0.99 g/t
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ADD022           164m - 193m   29m @ 0.81 g/t   1m @ 7.94 g/t
                                                2m @ 3.15 g/t
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ADD024           144m - 145m    1m @ 7.19 g/t
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ADD025           120m - 121m    1m @ 3.07 g/t
                 201m - 202m    1m @ 3.66 g/t
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ADD029             38m - 71m   33m @ 0.96 g/t   1m @ 5.81 g/t
                                                1m @ 6.33 g/t
                 171m - 173m    2m @ 4.40 g/t
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ADD033             66m - 91m   25m @ 0.85 g/t   4m @ 1.87 g/t
                 100m - 116m   16m @ 0.97 g/t
                 138m - 141m    3m @ 1.21 g/t
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ADD034            20m - 230m  210m @ 0.80 g/t   1m @ 5.56 g/t  7m @ 3.78 g/t
                                                4m @ 4.12 g/t  4m @ 2.35 g/t
                                               1m @ 12.42 g/t 1m @ 16.82 g/t
                                                4m @ 3.31 g/t  1m @ 7.55 g/t
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ADD036            20m - 230m  103m @ 0.98 g/t  10m @ 1.92 g/t  2m @ 2.48 g/t
                                                2m @ 4.26 g/t  1m @ 5.22 g/t
                                                1m @ 6.04 g/t  5m @ 1.56 g/t
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ADD037             61m - 69m    8m @ 0.80 g/t
                   86m - 89m    3m @ 1.92 g/t
                 112m - 170m   57m @ 0.98 g/t   1m @ 8.22 g/t  9m @ 2.77 g/t
                                               1m @ 13.50 g/t
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ADD044             16m - 30m   14m @ 2.49 g/t   8m @ 4.04 g/t
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ADD047              0m - 19m   19m @ 0.95 g/t
                   45m - 55m   11m @ 0.76 g/t

About the Ondundu Gold Project

The Ondundu Gold Project is located on a 19,969 hectare contiguous license in the Damara Belt of West-Central Namibia, approximately 250km from the Capital of Windhoek. Gold mineralization at Ondundu occurs in bedding-conformable quartz veins and in wall rocks adjacent to the veins. The OMZ Zone is located within the sheared common limb of an anticline and syncline, with mineralization extending along a strike length of 2.7km, with widths up to 400m and depths to 250m.

Quality Assurance/Quality Control

Dr. Roger Laine is the qualified person under National Instrument 43-101 who has supervised the preparation of and verified the technical information presented in this press release. For a summary of the geology, nature of the mineralization and other technical information with respect to the Ondundu Gold Project, please refer to the Technical Report on the Ondundu Gold Project-EPL3195, Namibia, filed September 17, 2010 at www.sedar.com.

Angus Mining (Namibia) Inc. adheres to a rigorous QA/QC program across all aspects of the sampling and analysis process. All drill samples are held in a secure warehouse in Omaruru, to and from which they are handled by independent courier companies. Diamond core is marked, logged and split at site, where half is maintained for future reference, and half is sent for analysis.

Diamond drill core samples from Ondundu are processed by screen metallic analysis and fire assay at SGS and Intertek/Genalysis, both located in Johannesburg, RSA. Standards and blanks are inserted by the laboratories and/or Angus every 20 to 30 samples.

About Angus Mining (Namibia) Ltd.

Angus Mining (Namibia) Inc. is a Canadian based precious metals exploration company focused on developing the Ondundu Gold Project in West-Central Namibia via a joint venture agreement with Forsys Metals Corp and various silver properties in Nevada through its ownership in Silver Reef Resources Ltd. The Company's goal is to deliver superior shareholder returns by identifying, acquiring and developing high quality assets in a safe and socially responsible manner. Angus Mining is committed to providing economic and social benefit to the Namibian community through the responsible development of mining assets in the Country.

Forward-Looking Statements

This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward- looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Certain of the statements made herein by the Company are forward-looking and subject to various risks and uncertainties, both known and unknown, many of which are beyond the ability of the Company to control or predict. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Forward-looking information is subject to known and unknown risks and uncertainties that may cause the Company's actual results, performance or achievements may be materially different from those expressed or implied by such forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors set out here in, including but not limited to the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, risks inherent to conducting business activities in the developing world and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts: Angus Mining (Namibia) Inc. Fraser Buchan President and CEO [phone] [e-mail]