🕐30.08.11 - 09:54 Uhr

BAOBAB RESOURCES [AIM: BAO] - TETE RESOURCE STATEMENT: MASSAMBA GROUP GLOBAL INV
ENTORY EXPANDED TO OVER 150MT





Fortbridge Media Release

Baobab Resources [AIM: BAO] - Tete Resource Statement: Massamba Group global inventory expanded to over 150Mt

Baobab Resources Plc (AIM: BAO) is an iron ore, base and precious metals explorer with a portfolio of exploration projects in Mozambique. The Company presents a resource update at the Massamba Group of its Tete iron / vanadium / titanium project.

HIGHLIGHTS:

� 113Mt Inferred Mineral Resource at South Zone, calculated by international consultancy Coffey Mining Limited in accordance with the JORC code, brings global inventory to c.161Mt.
� South Zone resource reports head grades of 28% Fe, 0.2% V2O5 and 10% TiO2 with an indicative average magnetite concentrate grade of 61% Fe, 0.7% V2O5 and 7.7%TiO2 at a mass recovery of 23%.
� The resource remains open along strike and at depth. Zones of intersected mineralisation remaining unclassified due to drill density and will be the focus of 2012 drilling campaigns.
� Drilling completed at Chitongue Grande Extensions with resource estimation due to commence shortly.
� Drilling nearing completion at Ruoni North and South. First analytical results due out in the coming weeks and resource estimates scheduled for October.
� Sites prepared and camp erected at Tenge in preparation for resource drilling due to commence in early September.

Commenting from the Massamba Camp today, Ben James, Baobab�s Managing Director, said: �This excellent outcome from the South Zone drilling campaign is above expectation and reinforces our belief in the prospectivity of the whole district. 160Mt is the tipping point to our milestone 300Mt. With the resource drilling programmes at Chitongue Grande finalised, and all but complete at both Ruoni North and South, we remain confident of delivering on our stated objective for 2011. In addition to these, Tenge also has the potential to add substantial upside � an indication of how much should become apparent before the year end.�

Please find details in the attached announcement.

For further information, please contact:

Ben James: Managing Director
Tel: +61 8 9430 7151

Jeremy Dowler: Chairman
Tel: +44 1372 450529

Matt Beale: Fortbridge Consulting
Tel: +44 7966 389 196




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