Namibian Resources PLC
02 November 2007

NAMIBIAN RESOURCES PLC



SUBSCRIPTION OF 1,000,000 NEW ORDINARY SHARES



DIRECTORS' DEALING, SIGNIFICANT SHAREHOLDER AND RELATED PARTY TRANSACTION



Namibian Resources PLC (the "Company") announces that it has today entered into
a series of agreements to issue a total of 1,000,000 new ordinary shares of 10p
each for cash at par (the "Subscription Shares") with its directors to raise
£100,000 (the "Subscription"). The subscription price of 10p represents a
discount of 4.8% to the closing mid market price of 10.50p as at 1 November
2007. Application is being made for the Subscription Shares to be admitted to
trading on AIM and such admission is expected to become effective on 9 November
2007.



It is intended that the cash proceeds of £100,000 from the Subscription will be
used for working capital purposes, primarily to acquire new mobile plant to
increase the throughput of diamondiferous gravels and provide a back up in the
event of plant breakdowns.



The Subscription Shares will, when issued, rank pari passu in all respects with
the existing ordinary shares. The Subscription Shares will represent
approximately 2.57% of the Company's enlarged issued share capital.



Following the issue of the Subscription Shares, the Company's total issued share
capital with voting rights and which is admitted to trading on AIM will consist
of 38,922,000 ordinary shares of 10p each, with one voting right per share.



The Subscription has been taken up as follows:


Name of Director                                             Number of shares      Cash consideration
Lord Sheppard of Didgemere                                       500,000                 £50,000
A C A Carlton                                                    100,000                 £10,000
O Plummer                                                         50,000                 £5,000
B M Moritz                                                       350,000                 £35,000



Following the Subscription, the interests of the Directors in the enlarged
issued share capital of the Company are as follows:


Name of Director                                             Number of shares    Percentage of enlarged
                                                                                  issued share capital
Lord Sheppard of Didgemere                                      3,300,000                 8.48%
A C A Carlton                                                   1,515,000                 3.89%
O Plummer                                                        556,407                  1.43%
B M Moritz                                                      2,594,616                 6.67%







Related Party Transactions



The Subscription constitutes a series of related party transactions for the
purposes of the AIM Rules due to the interests of the Directors.  In respect of
each subscription, the Directors of the Company (with the exception of each
Director who is involved in the relevant transaction as a related party) having
consulted with the Company's nominated adviser, consider that the terms of the
transactions are fair and reasonable insofar as the shareholders of the Company
are concerned.



Speaking of the Subscription, Tony Carlton, Chief Executive Officer of the
Company, said:



"The Directors are planning a substantial increase in production at our diamond
mine in Southern Namibia. The harsh climate at the mine site takes a heavy toll
on equipment, and in the past production has been interrupted by breakdowns.
This injection of cash will enable us to acquire back up equipment which is
designed to avoid future interruptions."



A C A Carlton

Chief Executive Officer


Namibian Resources
Tony Carlton                                          +44 (0)20 8726 0900

Collins Stewart Europe Limited
Adrian Hadden                                         +44 (0)20 7523 8350




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