Anooraq Resources Corporation - FURTHER CAUTIONARY ANNOUNCEMENT

JOHANNESBURG, June 28, 2011 /CNW/ --
JOHANNESBURG, June 28, 2011 /CNW/ - Anooraq Resources Corporation
('Anooraq') (TSXV: ARQ); (NYSE Amex: ANO); (JSE: ARQ) advises that
shareholders of Anooraq ('Shareholders') should refer to the cautionary
announcement dated May 13, 2011 relating to the discussions between
Anooraq and Anglo Platinum Limited (the 'Parties') surrounding a
potential transaction between them. As stated in that announcement, the
nature of these discussions surrounds the completion of a strategic
review by the Parties of the assets and financing structures of, and
relating to Bokoni Platinum Holdings (Pty) Limited, with a view to
Anooraq effecting a restructuring and refinancing transaction in
respect thereof.

As these discussions remain ongoing, Shareholders are advised to
continue to exercise caution when dealing in their Anooraq securities
until a further announcement is made.

In terms of paragraph 3.9 of the Listings Requirements of JSE Limited,
shareholders of Anooraq are advised that the Anooraq Restructuring may
have a material impact on the price at which the securities of Anooraq
are trading.

Johannesburg, 28 May 2011

Issued on behalf of Anooraq Resources Corporation

Neither the TSX Venture Exchange not its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.   
The NYSE Amex has neither approved nor disapproved the contents of this
press release.

For further information on Anooraq, investors should review the
Company's annual Form 40-F filing with the United States Securities and
Exchange Commission at www.sec.gov and home jurisdiction filings that are available at www.sedar.com. The Company's Annual Report on Form 40-F, which includes its audited
financial statements for the fiscal year ended December 31, 2010, was
filed with the Securities and Exchange Commission on March 23, 2011 and
is available at www.sec.gov. Shareholders have the ability to receive a hard copy of the Company's
complete audited financial statements free of charge upon request.

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On behalf of Anooraq

Joel Kesler
Executive: Corporate Development
Office: 27 11 779 6800
Mobile: 27 82 454 5556

Russell and Associates
Charmane Russell / Nicola Taylor
Office: 27 11 880 3924
Mobile: 27 82 372 5816 / 27 82 927 8957

Macquarie First South Advisers
Natalie Di-Sante/ Annerie Britz/ Yvette Labuschagne/ Melanie de Nysschen
Office: 27 11 583 2000