Angus Mining Announces New Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Aug. 23, 2011) - Angus Mining (Namibia) Inc. ("Angus" or the "Company") (TSX VENTURE:ANA) has announced the appointment of Brian Morales as Chief Financial Officer, succeeding the Company's current Chief Financial Officer, Mr. Carmelo Marrelli, effective immediately.

Most recently, Mr. Morales has served as the Chief Financial Officer for several publicly traded exploration and development companies. He has also previously held a finance position with Kinross Gold Corporation, and was employed in equity research with Credit Suisse Securities (Canada) Inc., covering the precious metals sector. Mr. Morales holds a Bachelor of Business Administration from York University and is a Canadian Chartered Accountant.

Angus' Board of Directors wishes to thank Mr. Marrelli for his contributions to Angus, especially during Company's transformation as a result of the completion of the Qualifying Transaction during 2010. The Board wishes Mr. Marrelli well in his future professional and personal endeavours.

About Angus

Angus Mining (Namibia) Inc. is a Canadian based precious metals exploration company focused on developing the Ondundu Gold Project in West‐Central Namibia via a joint venture agreement with Forsys Metals Corp and various silver properties in Nevada through its ownership in Silver Reef Resources Ltd. 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

Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include management's assessment of Angus' future plans and operations and are based on each company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Angus' actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Angus undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.