🕐05.04.11 - 11:27 Uhr

Kalahari Minerals plc - Extension of Husab Uranium Licence



Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration 5 April 2011 Kalahari Minerals plc (Kalahari) Extension of Husab Uranium Licence Kalahari Minerals plc, the AIM listed resource company, is pleased to announce that Extract Resources Ltd (Extract or the Company), in which Kalaharis subsidiary, Kalahari Uranium Limited, holds a 42.79% interest, has announced that it has been granted a two year extension for EPL 3138, which covers the world class Husab Uranium Project area (Husab). Kalaharis Executive Chairman, Mark Hohnen, said, "This extension is excellent news for Extract, which enables the Company to continue its rapid exploration programme at Husab.

This exploration programme will focus on the newly delineated targets of Zones 3, 4 and 5 of Husab, Middle Dome, Salem and Pizzaro, in addition to further in-fill drilling at Zones 1 and 2, the latter of which has already demonstrated its viability to host one of the three largest uranium mines globally.

The potential for Extract to deliver considerable further upside to its current Resource and Reserve inventory is evident, and we look forward to receiving further updates from Extract as it continues to prove up further Resources." Extract announcement: Extension of EPL 3138 Extract Resources Limited (ASX/TSX/NSX: EXT) ("Extract" or the "Company") is pleased to announce that Extracts wholly owned subsidiary, Swakop Uranium (Pty) Ltd, has received a two year extension for EPL 3138 (to April 2013), which covers the area where the Husab Uranium Project is located (see Figure 1).

The extension will allow Extract to continue its exploration program over the 15 kilometre prospective stratigraphic trend from the northern end of Zone 1, south to Salem. Extract Resources CEO and Managing Director Mr Jonathan Leslie said: "This is an extremely positive outcome for the Company and confirms the Namibian Governments support for the Project and the exploration completed by the Company to date." [cid:image003.gif@01CBF379.D173CA10]
About Extract Resources Ltd: Extract Resources Ltd is an international uranium exploration and development company whose primary focus is in Namibia.

The companys principal asset is its 100%-owned Husab Uranium Project which contains one of the largest uranium only deposits in the world.

Extensive exploration potential also exists for new uranium discoveries in the region.

Extract Resources is listed on the Australian (ASX), Toronto (TSX) and Namibian (NSX) Stock Exchanges. For further information, please visit www.extractresources.com or contact: Extract Resources: UK Jonathan Leslie, CEO Tel: +44 (0)20 7317 9220
Extract Resources: Australia Andrew Penkethman, Manager Projects Siobhan Lancaster, Company Secretary
Tel: +61 (0)8 9367 2111
Extract Resources: Namibia Nomvula Kambinda Tom Ferreira Tel: +264 (0) 61 300 220 Tel: +27 (83) 2646188 For Australian media enquires: MAGNUS Investor Relations + Corporate Communication John Gardner / Dudley White Tel: +61 (0)2 8999 1010 Mob: +61 (0)413 355 997 Mob: +61 (0) 413 439 883 For UK media enquires: Brunswick Group (UK) - Media Carole Cable / Pip Green Tel: +44 (0)20 7404 5959
**ENDS** For further information please visit www.kalahari-minerals.com or contact: Mark Hohnen Kalahari Minerals plc Tel: +44 (0) 20 7292 9110 Simon Raggett Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Stuart Faulkner Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Richard Chase Ambrian Partners Ltd Tel: +44 (0) 20 7634 4700 Rory Scott Mirabaud Securities LLP Tel: +44 (0) 20 7878 3360 Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Susie Geliher St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Ambrian, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for Kalahari as financial adviser in relation to the possible recommended cash offer for Kalahari by CGNPC Uranium Resources Co., Ltd and is not acting for or advising any other person and accordingly will not be responsible to any person other than Kalahari for providing the protections afforded to the customers of Ambrian or for providing advice in relation to the contents of this announcement.

Neither Ambrian nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a customer of Ambrian in connection with this announcement, any statement contained herein or otherwise. Strand Hanson Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for Kalahari as nominated adviser and is not acting for or advising any other person and accordingly will not be responsible to any person other than Kalahari for providing advice in relation to the contents of this announcement.

Neither Strand Hanson Limited nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a customer of Strand Hanson Limited in connection with this announcement, any statement contained herein or otherwise. Disclosure requirements of the Takeover Code (the "Code") Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror.

A Dealing Disclosure must contain details of the dealing concerned and of the persons interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8.

A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3. Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4). Details of the offeree and offeror companies in respect of whose relevant securities Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panels website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified.

If you are in any doubt as to whether you are required to make a Dealing Disclosure, you should contact the Panels Market Surveillance Unit on +44 (0)20 7638 0129.
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