ARQ - Anooraq Announces Appointment Of New President And Chief Executive

Tue, 24 Jun 2008

ARQ                                                                             
ARQ - Anooraq Announces Appointment Of New President And Chief Executive        
              Officer                                                           
Anooraq Resources Corporation                                                   
(Incorporated in British Columbia, Canada)                                      
(Registration number 10022-2033)                                                
(JSE share code: ARQ & ISIN: CA03633E1088)                                      
(TSXV share code: ARQ & ISIN: CA03633E1088)                                     
(AMEX share code: ANO & ISIN: CA03633E1088)                                     
(`Anooraq` or `the company`)                                                    
ANOORAQ ANNOUNCES APPOINTMENT OF NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER      
Anooraq announces that Philip Kotze will be appointed as the new President and  
Chief Executive Officer of 
the Company, effective July 1, 2008. This            
appointment is in accordance with Anooraq's stated objective to strengthen its  
executive team in South Africa, pursuant to implementation of its recently      
announced transaction with Anglo Platinum Limited and its transformation from   
an exploration/development company into a substantial operating entity.         
Mr Kotze is qualified as a mining engineer and has over 26 years of experience  
in the mining industry, including holding operational and executive positions   
at AngloGold Limited, Kalahari Goldridge Mining Company Limited and Harmony     
Gold Mining Company Limited.                                                    
A graduate of the University of Witwatersrand with a Graduate Diploma in        
Engineering (Mining Economics), Mr Kotze also holds a National Higher Diploma   
in Metalliferous Mining (WITS Technikon) as well qualifications in Industrial   
Relations (UNISA) and Management (WITS Business 
School).                        
Commenting on Mr Kotze's appointment, Acting President and CEO, Tumelo          
Motsisi, said: "I am excited with the appointment of Philip Kotze as President  
and CEO of the Company.  Anooraq is now at the juncture of transforming itself  
into a platinum group metals producer with very significant new development     
projects in Lebowa Platinum Mines as well as exciting prospects such as Ga-     
Phasha. In taking Anooraq to this next level in its evolution, Mr. Kotze's      
background, as well as his technical and operational expertise, will play a     
vital role in delivering on the mandate from our shareholders. On behalf of     
all our shareholders and the board, I would like to welcome him to the          
management team".                                                               
New President and CEO, Philip Kotze, said: "I am looking forward to the         
challenge of building Anooraq into an operating entity.  Once our 
transaction   
with Anglo Platinum has been concluded, we are in the fortunate position to     
have an operating entity in the Lebowa Platinum mine and the company has an     
excellent pipeline of projects in the form of Ga-Phasha, Boikgantsho and        
Kwanda, which will form the basis of the growth platform for our future."       
Anooraq is engaged in the exploration and development of platinum group metals  
("PGM") properties in the Bushveld Complex of South Africa. The Company's       
stated objective is to become a significant PGM producer. Anooraq's assets      
include a 50% interest in the Ga-Phasha, Boikgantsho and Kwanda JV Projects.    
The Company has also recently announced a transaction with Anglo Platinum to    
acquire 51% of the Lebowa Platinum Mine and increase its interest in the Ga-    
Phasha, Boikgantsho and Kwanda Projects to 51%.                                 
On behalf of the Board of Directors                                             
Tumelo 
Motsisi                                                                  
Acting President and CEO                                                        
24 June 2008                                                                    
Vancouver, BC                                                                   
Sponsor : QuestCo Sponsors                                                      
For further information on Anooraq and its PGM properties, please visit the     
Company's website www.anooraqresources.com or call investor services at 604-    
684-6364 or toll free in North America at 1-800-667-2114.                       
For further information please contact:                                         
Anooraq (South Africa)                  +27 11 883 0831                         
Joel Kesler, Head of Business Development                                       
Anooraq (North America)                                                         
Investor Relations                 
     +1 604 684 6365                         
Toll free                               +1 800 667 2114                         
Neither the TSX Venture Exchange nor any other regulatory authority accepts     
responsibility for the adequacy or accuracy of this release.                    
Cautionary and Forward Looking Information                                      
This release includes certain statements that may be deemed "forward looking    
statements".  All statements in this release, other than statements of          
historical facts, that address potential acquisitions, future production,       
reserve potential, exploration drilling, exploitation activities and events or  
developments that Anooraq expects are forward looking statements.  Anooraq      
believes that such forward looking statements are based on reasonable           
assumptions, including assumptions that: the Lebowa transaction will complete;  
Lebowa will continue to achieve production levels similar to 
previous years;    
the planned Lebowa expansions will be completed and successful; Anooraq will    
be able to secure future debt and equity financing on favorable terms; and the  
Ga-Phasha and Platreef Project exploration results will continue to be          
positive.  Forward looking statements however, are not guarantees of future     
performance and actual results or developments may differ materially from       
those in forward looking statements.  Factors that could cause actual results   
to differ materially from those in forward looking statements include market    
prices, exploitation and exploration successes, changes in and the effect of    
government policies with respect to mining and natural resource exploration     
and exploitation and continued availability of capital and financing, and       
general economic, market or business conditions.  Investors are cautioned that  
any such statements are not guarantees of future performance and those actual   
results 
or developments may differ materially from those projected in the       
forward looking statements.  For further information on Anooraq, investors      
should review the Company's annual information form filed on SEDAR at           
www.sedar.com or in form 20-F with the United States Securities and Exchange    
Commission and its other home jurisdiction filings that are available at        
www.sedar.com.                                                                  
Date: 24/06/2008 15:00:03 Produced by the JSE SENS Department.                  
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