February 23 2010

Anooraq Resources Corporation (�Anooraq� or the �Company�) (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) confirms it has entered into a settlement and new project agreement (the �Agreement�) with Ivanhoe Nickel & Platinum Ltd. (�Ivanplats�) to replace and supersede the 2001 agreement relating to the Rietfontein property located on the northern limb of the Bushveld Igneous Complex in South Africa. The 2001 agreement granted Ivanplats the right to earn a 50% interest in the Rietfontein property through expenditure related to exploration activities undertaken in accordance with approved technical programs.

The Agreement settles the arbitration process relating to disagreements with respect to the exploration activities undertaken at the Rietfontein property�

To view this news release in its entirety please click on the link below or copy and paste it into your web browser
http://www.anooraqresources.com/im/press_display.asp?Id=2010/23feb2010 

Queries:
Joel Kesler
Executive: Corporate and Business Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556

Macquarie First South Advisors
Melanie de Nysschen / Thembeka Mgoduso
Office: +27115832000
Mobile: +27 82 465 8969 / +27 83 295 1204

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


Best Regards,

Investor Services
Hunter Dickinson

Toll Free: 1-800-667-2114 | Main: 1-604-684-6365
info@hdgold.com | www.hdgold.com

If you no longer wish to be on Anooraq's email distribution list, simply reply to this email with �Remove ARQ� in the subject line.

*Other HD affiliated companies include Amarc, Anooraq, Continental, Farallon, Heatherdale, Northern Dynasty, Rathdowney, Rockwell, and Taseko. Visit us at www.hdgold.com for more information.  To be removed from all of HD's email lists please reply to this email with �Remove All� in the subject line.

.