Namibian Resources PLC
25 February 2008


                             NAMIBIAN RESOURCES PLC

                             PLACING OF NEW SHARES

Namibian Resources PLC announces that it has placed 1,000,000 new ordinary
shares of 10p each at par with its directors to raise £100,000. Application is
being made for the new shares to be admitted to trading on AIM and such
admission is expected to become effective on 29th February 2008.

The cash of £100,000 will be used for working capital and to complete the
purchase of additional equipment and for repairs to increase the throughput of
diamondiferous gravels and provide a back up in the event of plant breakdowns.

The placing has been taken up as follows:

Name of Director                     Number of shares        Cash subscribed

Lord Sheppard of Didgemere               350,000                £35,000
A C A Carlton                            100,000                £10,000
D G Sutherland                           100,000                £10,000
O Plummer                                 50,000                 £5,000
B M Moritz                               400,000                £40,000

Following the placing the interests of the Directors in the share capital of the
company are as follows:


Name of Director                     Number of shares      
                                   issued share capital    Percentage of total

Lord Sheppard of Didgemere               3,650,000                 9.14%
A C A Carlton                            1,615,000                 4.00%
D G Sutherland                             100,000                 0•25%
O Plummer                                  606,407                 1.51%
B M Moritz                               2,994,616                 7.50%


A C A Carlton
Chief Executive


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