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Thu 3 May 2012, 16:00 ARQ - Anooraq - Further Cautionary Announcement
ARQ
ARQ                                                                             
ARQ - Anooraq - Further Cautionary Announcement                                 
Anooraq Resources Corporation                                                   
(Incorporated in British Columbia, Canada)                                      
(Registration number 10022-2033)                                                
TSXV/JSE share code: ARQ                                                        
NYSE AMEX share code: ANO                                                       
ISIN: CA03633E1088                                                              
("Anooraq" or the "Company")                                                    
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders  of Anooraq are referred to the announcement released  on  the     
Securities  Exchange  News  Service on 2 February  2012,  relating  to  the     
agreement  of  the  key terms in respect of a transaction  to  restructure,     
recapitalise  and  refinance  Anooraq and the  Bokoni  group  of  companies     
("Bokoni  group") (the "Transaction"), by the boards of directors of  Anglo     
American Platinum Limited, a 79% held subsidiary of Anglo American plc, and     
Anooraq.                                                                        
Shareholders are advised that the financial effects of the Transaction  are     
still  being  determined and may have a material effect  on  the  price  of     
Anooraq  securities.  Accordingly,  Anooraq  shareholders  are  advised  to     
continue  exercising  caution when dealing in Anooraq  securities  until  a     
further announcement is made.                                                   
                                                                                
A  further  announcement will be released on the Securities  Exchange  News     
Service, filed on SEDAR and EDGAR, and published in the South African press     
as  soon  as  the definitive agreements have been signed and the  financial     
effects have been finalised.                                                    
Johannesburg                                                                    
3 May 2012                                                                      
JSE Sponsor                                                                     
Macquarie First South Capital (Pty) Limited                                     
Issued on behalf of Anooraq Resources Corporation                               
On behalf of Anooraq                                                            
Joel Kesler                                                                     
Executive: Corporate Development                                                
Office: +27 11 779 6800                                                         
Mobile: +27 82 454 5556                                                         
Russell and Associates                                                          
Nicola Taylor                                                                   
Office: +27 11 880 3924                                                         
Mobile: +27 82 927 8957                                                         
Macquarie First South Capital                                                   
Annerie  Britz/ Yvette Labuschagne/  Melanie  de                                
Nysschen                                                                        
Office: +27 11 583 2000                                                         
Date: 03/05/2012 16:00:01 Produced by the JSE SENS Department.                  
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