North River Resources plc.

Baobab Resources Plc (LON:BAO) is an iron ore, base and precious metals explorer with a portfolio of exploration projects in Mozambique. The Company is pleased to present an update of activities at the Tete iron / vanadium / titanium Project, where resource inventories currently total 324Mt (JORC Inferred), and the Muande Joint Venture Project.

Baobab Resources plc (LON:BAO) is an iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique. The Company announced on 15 November 2010 the signing of a Joint Venture (the 'Joint Venture') with North River Resources plc (LON:NRRP) in relation to North River's Muande project (the 'Project') in the Tete province of Mozambique. The Muande project comprises two exploration licences covering an area of 338km2 located approximately 25km northwest of the provincial capital of Tete and contiguous with Baobab's Tete project.

Baobab Resources plc (LON:BAO) is an iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique. The Company announced on 15 November 2010 the signing of a Joint Venture with North River Resources plc (LON:NRRP) in relation to North River's Monte Muande magnetite/phosphorus, base and precious metal project (the 'Project') in the Tete province of Mozambique.

Baobab Resources plc (LON:BAO) presents an update on the Monte Muande magnetite/phosphorus, base and precious metal project in the Tete province of Mozambique, a joint venture project with North River Resources plc (LON:NRRP).

Baobab Resources plc (LON:BAO), the iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to announce the signing of a Joint Venture Heads of Agreement with North River Resources plc (LON:NRRP) in relation to North River's Monte Muande magnetite/phosphorus, base and precious metal project in the Tete province of Mozambique.