Anooraq obtains key regulatory approvals relating to the acquisition from Anglo Platinum of a controlling interest in the Lebowa Platinum Mine



    VANCOUVER, Aug. 26 /CNW/ - Anooraq Resources Corporation ("Anooraq" or
the "Company") (TSXV:ARQ; AMEX:  ANO; JSE:ARQ) announces that it has received
key approvals required for implementation of its transaction with Anglo
Platinum Limited ("Anglo Platinum") for the acquisition of an effective 51%
equity interest in the Lebowa Platinum Mine ("Lebowa"), together with an
additional 1% controlling interest in the parties' current joint venture
projects, namely the Ga-Phasha Project, the Boikgantsho Project and the Kwanda
Project ("the Lebowa transaction"). These are:

    
    -   the unconditional approval by the South African Competition
        Commission for implementation of the Lebowa transaction; and

    -   the approval by the Exchange Control department of the South African
        Reserve Bank for implementation of the Lebowa transaction.
    

    The above approvals relate to the fulfillment of conditions precedent to
the Lebowa transaction described in the Company's news releases of
September 4, 2007 and April 14, 2008.
    These regulatory approvals represent a further step towards Anooraq's
implementation of the Lebowa transaction and its transition into a significant
platinum group metals ("PGM") producer. All conditions precedent relating to
implementation of the Lebowa transaction must be fulfilled by November 30,
2008 and the Company remains confident that that this target date will be met.

    In commenting on these key approvals:

    Philip Kotze,President & CEO of Anooraq said: "These approvals have taken
us one step closer to the conclusion of the Lebowa transaction. We remain
confident that the transaction will be concluded within the originally defined
timeframe, transforming Anooraq from a company with an impressive exploration
and development base into a significant PGM producer, controlling the third
largest PGM resource base in South Africa."

    
    ON BEHALF OF THE BOARD OF DIRECTORS

    Philip Kotze
    President & CEO

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    The American Stock Exchange has neither approved nor disapproved the
    contents of this press 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 favourable 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 Form on 20-F filed with the United States
Securities and Exchange Commission and its home jurisdiction filings that are
available at www.sedar.com.





For further information:

For further information: visit the Company's website at
www.anooraqresources.com or contact Anooraq (South Africa), +27 11 83 0831,
Philip Kotze, President & CEO; Anooraq (North America), Investor Relations,
(604) 684-6365, Toll free 1-800-667-2114


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