ANOORAQ ANNOUNCES RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2010

Anooraq Resources Corporation ANO ARQ announces production from the Bokoni Platinum Mines and its financial results for the three and twelve months ended December 31, 2010. This release should be read with the Company's Financial Statements and Management Discussion & Analysis, available at www.anooraqresources.com and filed on www.sedar.com. Currency values are presented in South African Rand (ZAR), Canadian dollars (C$) and United States dollars (US$). Key features for the quarter and financial year: 4E oz produced up by 7% quarter-on-quarter to 30,776 oz1, year-on-year production remained steady at 116,164 oz Tonnes milled up by 10% quarter-on-quarter to 278,242 tonnes, 11% year-on-year increase to 1,044,084 tonnes Operational stability achieved at concentrator, stockpile depleted recovered grade improved 4% in quarter to 4.17 g/t 4E Improved revenues reflect improving PGM market conditions Fatality suffered at Middelpunt Hill shaft The final quarter of the 2010 financial year maintained the year's focus on production, in line with the Company's Phase 1 growth plan.