🕐12.09.12 - 09:54 Uhr

MORANO RESOURCES LTD - POSITIVE UPDATE ON HIGHLY PROSPECTIVE RUMRI GOLD PROJECT,
TAJIKISTAN AND ADDITIONAL LISTING ON GXG MTF MARKET



Morano Resources Ltd 12 September 2012 Positive Update on Highly Prospective Rumri Gold Project, Tajikistan and Additional Listing on GXG MTF Market Morano Resources Ltd (‘Morano’ or ‘the Company’), the PLUS Markets listed investment company, is pleased to provide an update on Zarmadan Resources Corporation (‘Zarmadan’) and the Rumri gold project in Tajikistan (‘Rumri’) over which in the Company has an option to purchase 100% of Zamadan (as announced on 7 March 2012).

The Company also announces that its shares have today been admitted to trading onto GXG MTF, a market operated by the European GXG Stock Exchange (GXG Markets A/S). Highlights
* New veins with apparent widths of up to 10 metres identified. * Known veins on the western slope have been extended across the ridge crest and onto the eastern slope of Rumri, which has not previously been systematically explored.

These veins are mineralised and were not included in the historic Tajik P1+P2 estimate of 3.5 Moz gold grading 3.8 g/t which focused on the western slope. * Initial rock samples assays return excellent results including 7.92, 16.1 and 17.4 g/t. * Mapping and rock-sampling programme to identify drill targets is on-going with further rock samples sent for assaying at the ALS laboratory in Kara-Balta, Kyrgyzstan with results expected shortly. * The directors believe that Rumri has the potential to host a significant gold deposit. Executive Director, Ross Warner said, “These are excellent results from our geological due diligence programme and highly encouraging as we move towards a decision to exercise Morano’s option.

The identification of additional veins and extensions across the ridge and into the next valley substantially increases the magnitude of the Rumri project and the assay results serve to confirm the tenor of the historic Tajik P1+P2 estimate.

The listing on the GXG is a step towards increasing our visibility as we develop our investor following and liquidity as a pre cursor to a potential AIM move.” Rumri Project Update In March 2012, Morano announced that it had acquired an option to purchase Zarmadan and its 100% owned Rumri gold project.

The option is exercisable on or before 31 March 2013 for an initial consideration of approximately 242 million shares in Morano and a further deferred consideration of approximately 80.8 million shares in Morano on delineation of a JORC resource of at least 1 Moz. The Rumri project lies some 250 km east of Dushanbe in the Tavildara region of Tajikistan, in the southern Tien Shan gold belt, where a number of world-class gold deposits and globally significant gold producers are located, including Muruntau (>70 Moz) and Kumtor (>17 Moz).

In the early 1990s, Tajik geologists developed a P1+P2 estimate of 3.5 Moz Au grading 3.8 g/t.

This order-of-magnitude estimate was based on a surface exploration programme which included 570 m of trenching and 5,000 channel and rock samples.

Only the veins on the western slope were included in this estimate. As part of its on-going due diligence investigations prior to exercise of the option, Morano is executing a mapping and rock-sampling programme at Rumri.

To date this has consisted of traversing and rock-sampling over an area of 4 km2.

This work is being undertaken to verify historical mapping and sampling, develop a sound exploration model and generate priority drill targets.
A number of new quartz and quartz-carbonate veins with apparent widths of up to 10 metres have been identified.

Furthermore, several previously known veins and vein swarms have been significantly extended across the ridge crest and further along the eastern slope.

The quartz and quartz-carbonate veins contain abundant pyrite and minor chalcopyrite mineralisation which is associated with gold mineralisation.

The directors continue to interpret Rumri as a gold-bearing sheeted vein complex in a reduced intrusion and believe that it has the potential of hosting a significant gold deposit. An initial batch of rock samples were subjected to a full geochemical assaying at the ALS laboratory in Kara-Balta, Kyrgyzstan.

Further samples will be submitted for assay in due course.

The following table sets out significant results from the initial batch: Sample ID Au, g/t RR0058 1.71 RR0154 1.56 RR0159 1.43 RR0160 5.30 RR0161 16.1 RR0164 7.92 RR0168 6.57 RR0169 5.43 RR0173 17.4 RR0177 5.56 RR0181 6.06 RR0185 4.41
Morano expects to complete its due diligence by the end of the exploration season in Tajikistan, which ceases in or around November 2012. Competent Person’s Declaration The technical information in this announcement is based on information compiled by and reviewed by Alex Gostevskikh, a consultant to the Company, who is a Member of the Mining and Metallurgical Society of America.

Mr.

Gostevskikh has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

Mr.

Gostevskikh consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. About the GXG Exchange The Company has today been admitted to trading on GXG MTF, a market operated by GXG Markets.

GXG Markets operates a European Regulated Market and Multilateral Trading Facility.

GXG Markets is a Danish legal entity authorized by Finanstilsynet, the Danish Financial Supervisory Authority.

Since its inception in 1998, over €230m worth of shares have been traded through this market and over €70m has been raised from some 30 separate placings. GXG Markets believes providing direct market access offers a more transparent trading model, as prices are set by the last traded price rather than by a market maker, which eliminates spreads between the price a buyer pays and the price a seller receives. For further information on this announcement please contact: Morano Resources Limited
Ross Warner +44 20 7024 8396 Ross Marsh +44 20 7024 8391 Charlie Wood
+44 20 7389 9050 Beaumont Cornish Limited
Roland Cornish and James Biddle +44 20 7628 3396
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