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

August 26, 2008 Vancouver, BC ― 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 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 to 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

For further information, please visit the Company's website at www.anooraqresources.com or contact:

Anooraq (South Africa)
Philip Kotze, President & CEO
+27 11 883 0831

Anooraq (North America)
Investor Relations +1 604 684 6365
Toll free +1 800 667 2114

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.


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