Anooraq Provides Update on the Empowerment Transaction with Anglo Platinum

    VANCOUVER, April 28 /CNW/ - Anooraq Resources Corporation ("Anooraq" or
the "Company") (TSXV:ARQ; NYSE Amex:  ANO; JSE:ARQ) announces that discussions
between Anglo American plc (the majority shareholder of Anglo Platinum Limited
"Anglo Platinum"), Anglo Platinum, Anooraq and Pelawan Investments (Pty)
Limited (the majority shareholder of Anooraq) ("the Parties") regarding the
purchase by Anooraq from 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, are progressing
well and are expected to be concluded shortly.
    Shareholders are also referred to the news releases dated October 2,
2008, November 14, 2008 and December 12, 2008, January 28, 2009 and March 11,
2009 relating to the Transaction. The parties remain committed to concluding
the Transaction and have therefore agreed to extend the date for fulfillment
of the suspensive conditions until June 30, 2009.
    In addition, Anooraq has renewed its mandate with Standard Chartered Bank
("SCB") to provide a portion of the financing required for implementation of
the Transaction. The SCB facility being contemplated is a senior debt term
facility in an amount of ZAR750 million.
    Shareholders are further advised that an update to the April 2008
technical report on Lebowa, as referred to in the cautionary announcement
dated March 11, 2009 and which is being prepared in compliance with National
Instrument 43-101, is nearing completion and will be filed on

    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.

         NYSE Amex 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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