New Tantalum Discovery at Marropino

Noventa Limited

("Noventa" or the "Company")

New Tantalum Discovery at Marropino

25 August 2010

Noventa is pleased to report that it has discovered what could be a significant additional deposit of Tantalum bearing ore on its existing Marropino licence area (the "Discovery"). The Discovery is an area of soft rock measuring approximately one kilometre square, two kilometres to the south east of the Marropino Mine. Indications from initial sampling have been encouraging. Independent assays have been instructed and a further announcement will be made once they are complete. If the Discovery is confirmed, it is expected that this could provide up to twelve months of feedstock for the Marropino plant at the full anticipated production level of in excess of 500,000lbs of tantalum pentoxide per annum.

The Discovery is part of "Project Ligonha", the project announced on 23 June 2010 to complete the preliminary geological evaluation of Noventa's current mining concessions and to provide improved mapping of Noventa's exploration license areas in Zambezia Province of Mozambique. This is a three month project, being undertaken in conjunction with students from the University of Glasgow and Universidade Eduardo Mondlane in Maputo. At Marropino, the focus has been on the assessment of the other known pegmatite occurrences and colluvial/eluvial deposits to the south and east of the pit, which could provide additional feed for the Marropino plant. This project also covers the mining concessions at Mutala and Morrua, and the nine other nearby sites for which the Company has exploration licences.

"This discovery is very encouraging. Once we have independently evaluated the results from the preliminary sampling, a further sampling programme will be planned to accurately define the shape, potential tonnages and grades of the discovery," said Eric Kohn, Noventa's Executive Chairman. "This has the potential to form a significant addition to the existing mineral resource, extending the life of Marropino".

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