Tawana Resources NL announced a merger of equals with Alliance Mineral Assets Limited proposed to be implemented by way of a Tawana scheme of arrangement under the Corporations Act 2001 (Cth) (Merger) whereby, subject to all necessary approvals, Tawana Shareholders and Alliance Shareholders will hold, in aggregate, approximately 50% of the combined Alliance /Tawana group (Merged Group). Following completion of the Merger, the Merged Group will benefit from the expertise and experience of a board of directors comprising: Mark Turner, currently Independent Non-Executive Director of Tawana, who will become the Independent Non-Executive Chairman of the Merged Group; Mark Calderwood, currently Managing Director of Tawana, who will become the Managing Director of the Merged Group; Robert Vassie, currently Independent Non-Executive Director of Tawana, who will become an Independent Non-Executive Director of the Merged Group; Vicki Xie, currently Non-Executive Director of Tawana and a nominee of Weier, who will become a Non- Executive Director of the Merged Group; a nominee of Burwill (in consultation with Alliance), as a Non-Executive Director of the Merged Group; and Joshua Ong, currently Independent Non-Executive Director of Alliance, who will continue in office as an Independent Non-Executive Director of the Merged Group.