UG 2 operations resume at Bokoni Platinum Mines

VANCOUVER, Nov. 28, 2011 /CNW/ - Anooraq Resources Corporation ('Anooraq' or the 'Company' or, together with its subsidiaries, the 'Group')

A total of seven operating shifts were lost at the Middelpunt Hill UG2 shaft during the safety stoppage, with Anooraq estimating production losses of 1500 PGM (4E) ounces during the period.

Neither the TSX Venture Exchange nor 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.

Cautionary and forward-looking information

This document contains 'forward-looking statements' that were based on Anooraq's expectations, estimates and projections as of the dates as of which those statements were made, including statements relating to the Bokoni Group restructure and refinancing and anticipated financial or operational performance. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'may', 'will', 'outlook', 'anticipate', 'project', 'target', 'believe', 'estimate', 'expect', 'intend', 'should' and similar expressions.

Anooraq believes that such forward-looking statements are based on material factors and reasonable assumptions, including the following assumptions: the Bokoni Mine will increase or continue to achieve production levels similar to previous years; the Ga-Phasha, Boikgantsho, Kwanda and Platreef Projects exploration results will continue to be positive; contracted parties provide goods and/or services on the agreed timeframes; equipment necessary for construction and development is available as scheduled and does not incur unforeseen breakdowns; no material labour slowdowns or strikes are incurred; plant and equipment functions as specified; geological or financial parameters do not necessitate future mine plan changes; and no geological or technical problems occur.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These include but are not limited to:

        --  uncertainties related to the completion of the Bokoni Group
            restructure and refinancing;
        --  uncertainties and costs related to the Company's exploration
            and development activities, such as those associated with
            determining whether mineral resources or reserves exist on a
            property;
        --  uncertainties related to feasibility studies that provide
            estimates of expected or anticipated costs, expenditures and
            economic returns from a mining project;
        --  uncertainties related to expected production rates, timing of
            production and the cash and total costs of production and
            milling;
        --  uncertainties related to the ability to obtain necessary
            licenses, permits, electricity, surface rights and title for
            development projects;
        --  operating and technical difficulties in connection with mining
            development activities;
        --  uncertainties related to the accuracy of our mineral reserve
            and mineral resource estimates and our estimates of future
            production and future cash and total costs of production, and
            the geotechnical or hydrogeological nature of ore deposits, and
            diminishing quantities or grades of mineral reserves;
        --  uncertainties related to unexpected judicial or regulatory
            proceedings;
        --  changes in, and the effects of, the laws, regulations and
            government policies affecting our mining operations,
            particularly laws, regulations and policies relating to:
      o mine expansions, environmental protection and associated compliance
        costs arising from exploration, mine development, mine operations
        and mine closures;
      o expected effective future tax rates in jurisdictions in which our
        operations are located;
      o the protection of the health and safety of mine workers; and
      o mineral rights ownership in countries where our mineral deposits
        are located, including the effect of the Mineral and Petroleum
        Resources Development Act (South Africa);
        --  changes in general economic conditions, the financial markets
            and in the demand and market price for gold, copper and other
            minerals and commodities, such as diesel fuel, coal, petroleum
            coke, steel, concrete, electricity and other forms of energy,
            mining equipment, and fluctuations in exchange rates,
            particularly with respect to the value of the U.S. dollar,
            Canadian dollar and South African rand;
        --  unusual or unexpected formation, cave-ins, flooding, pressures,
            and precious metals losses (and the risk of inadequate
            insurance or inability to obtain insurance to cover these
            risks);
        --  changes in accounting policies and methods we use to report our
            financial condition, including uncertainties associated with
            critical accounting assumptions and estimates; environmental
            issues and liabilities associated with mining including
            processing and stock piling ore;
        --  geopolitical uncertainty and political and economic instability
            in countries which we operate; and
        --  labour strikes, work stoppages, or other interruptions to, or
            difficulties in, the employment of labour in markets in which
            we operate mines, or environmental hazards, industrial
            accidents or other events or occurrences, including third party
            interference that interrupt the production of minerals in our
            mines.

For further information on Anooraq, investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and annual information form for the year ended December 31, 2010 and other disclosure documents that are available on SEDAR at www.sedar.com.

Anooraq Resources Corporation

CONTACT: Queries:



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 Capital (Pty) Ltd

Melanie de Nysschen / Annerie Britz / Yvette Labuschagne

Office: 27 11 583 2000