ANA

Angus Mining (Namibia) Inc. ("Angus" or the "Company") (TSX VENTURE:ANA), in
partnership with Forsys Metals Corp. ("Forsys") (TSX:FSY), is pleased to
announce the full renewal of Exclusive Prospecting License 3195 ("EPL 3195")
relating to the Ondundu Gold Project in Central Namibia, and the establishment
of a partnership with a local, empowered Namibian corporation. 


The Namibian Ministry of Mines and Energy granted the renewal of EPL 3195 for a
period of two years, ending May 30th 2013. The license requires Forsys and Angus
to incur development expenditures of Namibian $32,850,000, or approximately
Canadian $ 4,670,000 during that period. 


Angus has completed the expenditures required to earn an initial 50.1% stake in
the Ondundu Property, and expects to exercise this option in the third quarter
of 2011. Angus has the option to acquire an additional 24.9% interest in the
project by incurring an additional C $6,000,000 in exploration expenditures by
November 6th, 2012. 


Angus and Forsys are also pleased to announce the formation of a local
partnership with Minden Investments Ltd. ("Minden"), an empowered Namibian
corporation. The partnership with Minden was formed to facilitate the direct
participation of the Namibian community in the development process of the
Ondundu Project, and to provide the Namibian community with a means by which to
benefit directly from the project. Through the creation of a joint venture
agreement, Minden has been granted an option to earn up to a 10% stake in the
Ondundu Project. 


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. 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. Elgin and Angus undertake 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.

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