Operations Update

Noventa Limited

("Noventa" or the "Company")

Operations Update

27 July 2010

Noventa is pleased to announce that since it recommenced operations at its Marropino Mine in April 2010, recovery has increased steadily to the point that - since the end of June 2010, it has been achieving a consistent 51% tantalum recovery rate from the operations of its existing plant, a significant increase over historic levels. Prior to May 2009, when the plant was placed in care and maintenance, Noventa achieved recovery rates between 30% and 35%.

Eric Kohn TD Chairman stated "This result with the existing plant bodes well for the future, when the plant has been modified and the capacity increased."

For further information please contact:

Eric F. Kohn TD

Chairman

Noventa Limited

+41 22 8500560

+41 79 5030150

www.noventa.net

http://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