Shipment of Tantalum Concentrate

Noventa Limited

("Noventa" or the "Company")

First Shipment Since Mine Returned to Production

23 August 2010

An important Noventa milestone was reached on 22 August 2010, with an earlier than anticipated shipment to Asia of tantalum concentrate to one of the Company's two major customers. Approximately 8,000kg of tantalum concentrate have been loaded on a ship, with a scheduled departure date of 24 August 2010 from Quelimane, the nearest Mozambique port to the Company's Marropino mine. A further shipment to the Company's other major customer is scheduled for October.

The above shipments are to confirm the logistics pathway for future shipments of tantalum concentrate to the Company's customers, and to revise and adjust shipping routes and procedures in advance of the proposed full production at the Marropino Mine in 2011. The early shipment was possible due to higher levels of production at the Marropino Mine than previously forecast.

The stated intention of the Management from the outset was to ship from a Mozambique port rather than overland to Walvis Bay in Namibia, as was the previous practice, which was a journey of between 7 and 10 days. The newly refurbished and modernised container port of Quelimane in Zambezia Province was selected as the sea point of departure, a road journey of 350 kilometres from Marropino; Nacala (located in Mozambique's Nampula Province) remains an alternate port depending upon shipping timetables.

"I am delighted that we have been able to begin to supply our two key customers," said Eric Kohn TD, Noventa's Executive Chairman. "... and I am also especially pleased that we have been able to meet our stated objective to use a Mozambique port. This not only shortens significantly our logistic tail, but also provides welcome support to Mozambique's growing infrastructure."

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