Anglo Australian Resources NL (ASX:AAR) Drill Testing Commenced at the Dalray and Rogan Josh Prospects at the Feysville Project

Perth, Nov 23, 2010 AEST (ABN Newswire) - Anglo Australian Resources NL (ASX:AAR) (PINK:AAURF) is pleased to announce the commencement of a RC drilling program of approximately 1,350m at the Feysville Project. Drilling will target the Rogan Josh supergene deposit and extensions to the high grade intersection of 6m @ 9.08g/t Au at the Dalray prospect.

The Feysville Project consists of all mineral rights attached to two mining leases located 16km SSE of Kalgoorlie. The Project is situated in the geological/structural corridor, bounded by the Boulder Lefroy Fault, that hosts the world class plus million ounce deposits of Mt Charlotte, Fimiston, New Celebration, Victory-Defiance, Junction, Argo and Revenge/Belleisle of St Ives, as well as other deposits such as the 60,000oz Au Hannans South deposit (located 3km north of the Project). The Rogan Josh deposit has strong geological affinities to the Hannans South deposit which is largely a supergene gold deposit occurring within the Hannans South Shear Zone.

The Rogan Josh prospect is an attractive target with significant supergene and bedrock gold mineralisation already located. The mineralisation occurs about 10 - 30m below the surface. In 2009 and 2010 Anglo Australian Resources NL completed 3 RC drilling programs primarily to test the supergene-mineralised zone. Encouraging intersections, including 2m @ 5.43g/t Au, 2m @ 14.34g/t Au, 1m @ 12.09g/t Au, 4m @ 5.39g/t Au and 3m @ 3.68g/t Au confirmed the supergene-mineralised zone and also discovered high-grade bedrock gold mineralisation within carbonate-sericite altered quartz feldspar porphyry with intersections of 4m @ 5.42g/t Au and 6m @ 8.24g/t Au, as well as discovering new high grade bedrock mineralisation 1.7km to the south of Rogan Josh at Dalray. Rogan Josh mineralisation remains open to the south.

The new drilling program will specifically drill test interpreted strike extensions of the Dalray mineralisation. The Dalray mineralisation is located in sheared porphyry but is located beneath a thin veneer of overlying clays and has no surface expression. Nine holes will be drilled in this area.

At Rogan Josh a further 15 holes are planned to test southern extensions of supergene and bedrock mineralisation as well as providing better continuity in areas of sparse drilling. Additional supergene and bedrock gold intersections are also expected to improve the resource potential of the project.

For the complete Anglo Australian Resources announcement including figures, please refer to the following link:

http://www.abnnewswire.net/media/en/docs/64244-ASX-AAR-516497.pdf

Contact

Angus C. Pilmer Executive Director Peter Komyshan General Manager Exploration Anglo Australian Resources Tel: +61-8-9382-8822