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Mon 31 Mar 2008, 10:31 TAW - Tawana Resources NL - Expiry of options
TAW   TAWO
 TAW                                                                             
TAW - Tawana Resources NL - Expiry of options                                   
Tawana Resources NL                                                             
(Incorporated in Australia)                                                     
(Registration number ACN 085 166 721)                                           
Share code on the ASX and JSE: TAW                                              
ISIN on the ASX and JSE: AU000000TAW7                                           
Option code on the ASX and JSE: TAWOISIN on the ASX and JSE: AU00000TAWO3       
("Tawana" or "the Company")                                                     
31 March 2008                                                                   
Expiry of Options                                                               
Option holders are advised that the options granted in the circular dated 15    
November 2005, to subscribe for one ordinary share at R5,00 per share, are "out 
of the money". No option holders have indicated that they would like to exercise
their options and the options will expire on the close of business on Wednesday,
30 April 2008.                                                                  
To this end option holders are reminded that:                                   
The Last Day to Trade (LDT) is             Tuesday, 22 April 2008               
Trade in the options will be suspended                                          
from the commencement of business          Wednesday, 23 April 2008             
Record date is                             Wednesday, 30 April 2008             
Termination of Listing                                                          
from the commencement of business)         Monday, 5 May 2008                   
                                                                                
Any option holder wanting to exercise their options is requested to contact the 
company or the sponsor before 12 o` clock on the Expiry date, 30 April 2008.    
Contact:                                                                        
Wolf Marx                                                                       
Tel: +61 (0)3 98635222                                                          
Mob: +61 (0)428 398446                                                          
Email: wolf.marx@tawana.com.au                                                  
JSE SponsorPricewaterhouseCoopers Corporate Finance (Pty) Ltd                   
Date: 31/03/2008 10:31:04 Produced by the JSE SENS Department.                  
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