Anooraq Advises of Ongoing Discussions Relating to the Empowerment Transaction with Anglo Platinum

    VANCOUVER, Jan. 28 /CNW/ - Anooraq Resources Corporation ("Anooraq" or
the "Company") (TSXV:ARQ; AMEX:  ANO; JSE:ARQ) announces that Anglo American plc
(the majority shareholder of Anglo Platinum), Anglo Platinum, Anooraq and
Pelawan Investments (Pty) Limited (the majority shareholder of Anooraq) ("the
Parties") remain engaged in discussions regarding the purchase by Anooraq from
Anglo Platinum Limited ("Anglo Platinum") of an effective 51% of the Lebowa
Platinum Mine ("Lebowa") and an additional 1% controlling interest in each of
the Ga-Phasha, Boikgantsho and Kwanda joint venture projects ("the
Transaction"), as well as its associated financing strategy.
    Shareholders are also referred to the news releases dated 2 October 2008,
14 November 2008 and 12 December 2008 relating to the Transaction. The
Parties' discussions are progressing well and they remain committed to closing
the Transaction by 30 April 2009.

    On behalf of the Board of Directors
    Philip Kotze
    President and 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 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
    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 or
its form 20-F with the United States Securities and Exchange Commission and
its other home jurisdiction filings that are available at

For further information:

For further information: on Anooraq and its South African properties,
please visit our website or call investor services in
South Africa at +27 11 883 0831 or in North America at 1-800-667-2114

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