New High Grade Tantalum Discovery at Marropino

Noventa Limited

("Noventa" or the "Company")

Noventa Confirms New High Grade Tantalum Discovery at Marropino

1 September 2010

Further to the announcement on 25 August 2010, Noventa is pleased to announce that independent assays on three pits have confirmed an additional deposit, measuring approximately one kilometre square, of very high grade tantalum bearing ore on its existing Marropino mining concession area (the "Discovery"). The baseline pit was located at the south western corner of the new area with an 80cm to 1m mineralized horizon, with the remaining two pits located roughly 500m to the north and north east, respectively, of the baseline pit.

The three samples have been analysed independently and the results show tantalum grades of 3,836 ppm, 2,697 ppm and 7,577 ppm respectively. Subject to additional sampling and assaying, which is currently taking place to accurately define the shape, average grade and tonnage of the Discovery, the current results indicate that the Discovery is significant, that the tantalum could be economic to mine and could provide at least twelve months of feedstock for the Marropino plant substantially increasing the life of this mine.

"We are encouraged that the Discovery will add significant quantity of tantalum to the existing mineral resource. This confirms our decision to start exploration on all our mining concessions and exploration licences. Not only do we now expect the life of Marropino to be extended, but the substantially higher grade of tantalum will mean that the economics and payback of the project will be significantly enhanced." Said Eric Kohn, Noventa's Executive Chairman.

For further information please contact:

Eric F. Kohn TD

Chairman

Noventa Limited

+41 22 8500560

+41 79 5030150

www.noventa.net

Nick Harriss/Emily Staples

Religare Capital Markets (Nomad)

+44 20 7444 0800

Daniel Briggs Religare Capital Markets (Broker) +44 20 7444 0500