ANA

Angus Mining (Namibia) Inc. (TSX VENTURE:ANA) ("Angus" or the "Company") is
pleased to announce a proposed $1,000,000 unsecured loan with an arm's length
third party (the "Lender"). 


The proposed loan will be utilized to pay the cash consideration portion of the
purchase price for a majority equity stake in Silver Reef Resources Ltd.
announced on June 16, 2011.


The loan will bear interest at the rate of 8% per annum payable monthly and
shall have a term of 12 months. In consideration for providing the loan, the
Lender will be issued 400,000 common shares of Angus upon closing of the loan
transaction.


The closing of the loan transaction is subject to the receipt of all required
regulatory approvals. The common shares issued to the Lender will be subject to
a 4 month holding period. 


About Angus Mining (Namibia) Inc.

Angus Mining (Namibia) Inc. is a Canadian based precious metals exploration
company whose main asset is option to acquire up to a 75% interest in the
Ondundu Gold Project in West-Central Namibia via a joint venture agreement with
Forsys Metals Corp. The Company has also announced on June 16, 2011, that it had
entered into a definitive agreement to acquire a 68% in the undiluted capital of
Silver Reef Resources Ltd., a private company with an option to earn a 100%
interest in 8 properties in Nevada, U.S.A. The Company's goal is to deliver
superior shareholder returns by identifying, acquiring and developing high
quality assets in a safe and socially responsible manner. Angus Mining is
committed to providing economic and social benefit to the Namibian community
through the responsible development of mining assets in the Country. 


Forward-Looking Statements 

This release contains certain "forward looking statements" and certain
"forward-looking information" as defined under applicable Canadian and U.S.
securities laws. Forward-looking statements can generally be identified by the
use of forward-looking terminology such as "may", "will", "expect", "intend",
"estimate", "anticipate", "believe", "continue", "plans" or similar terminology.
Forward-looking statements are based on forecasts of future results, estimates
of amounts not yet determinable and assumptions that, while believed by
management to be reasonable, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Certain of the
statements made herein by the Company are forward-looking and subject to various
risks and uncertainties, both known and unknown, many of which are beyond the
ability of the Company to control or predict. Known and unknown factors could
cause actual results to differ materially from those projected in the
forward-looking statements. Forward-looking information is subject to known and
unknown risks and uncertainties that may cause the Company's actual results,
performance or achievements may be materially different from those expressed or
implied by such forward-looking information, and are developed based on
assumptions about such risks, uncertainties and other factors set out here in,
including but not limited to the inherent risks involved in the exploration and
development of mineral properties, the uncertainties involved in interpreting
drill results and other exploration data, the potential for delays in
exploration or development activities, the geology, grade and continuity of
mineral deposits, the possibility that future exploration, development or mining
results will not be consistent with the Company's expectations, accidents,
equipment breakdowns, title matters, labour disputes or other unanticipated
difficulties with or interruptions in operations, fluctuating metal prices,
unanticipated costs and expenses, uncertainties relating to the availability and
costs of financing needed in the future, regulatory restrictions, including
environmental regulatory restrictions and liability, competition, loss of key
employees, risks inherent to conducting business activities in the developing
world and other related risks and uncertainties. The Company undertakes no
obligation to update forward-looking information except as required by
applicable law. Such forward-looking information represents management's best
judgment based on information currently available. No forward-looking statement
can be guaranteed and actual future results may vary materially. Accordingly,
readers are advised not to place undue reliance on forward-looking statements or
information.

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