Increase of significant interest in Kalahari Mi...

For release at 0700hrs 19 February 2009

19 February 2009

                            Emerging Metals Limited                            

                  ("EML", "Emerging Metals" or "the Company")

           Increase of significant interest in Kalahari Minerals Plc           

The Directors of Emerging Metals Limited (AIM: EML), the mining company focused
on minor and emerging metals, are pleased to announce that they have increased
their interest in Kalahari Minerals Plc ("Kalahari Minerals") to 13,345,000
ordinary shares being 7.46% of the issued share capital of Kalahari Minerals by
way of the on-market purchases of 2,100,000 ordinary shares at an average price
of 59.86 pence per share.

As announced on 10 December 2008, the Company has previously subscribed for
6,250,000 new ordinary shares in Kalahari Minerals at a price of 32.00 pence
per share pursuant to a placing agreement dated 9th December 2008 and in
addition had previously made on-market purchases of 4,995,000 ordinary shares
in Kalahari Minerals at an average price of 38.80 pence per share.

The Directors of Emerging Metals believe that the acquisition of a significant
stake in Kalahari Minerals provides the Company with exposure to a world class
uranium deposit in Namibia and a further diversification of its exposure to the
class of minor and emerging metals. Namibia is already a well established
uranium producer with a reputation for a positive approach to the development
of mining projects.

Mitch Alland, Chief Executive Officer of Emerging Metals said:

"I am delighted with the increased level of the Company's interest in Kalahari
Minerals which shows the value of Emerging Metals continued strategy of
acquiring exposure to a high quality portfolio of minor and emerging metals.
This interest in Kalahari Minerals gives Emerging Metals exposure to a world
class uranium resource, an emerging metal with a very favourable supply-demand
outlook. It also leverages on Emerging Metals existing platform and operations
at Tsumeb in Namibia. "

                                   - ends -                                    

Contact details

  Emerging Metals   Blomfield Corporate Fox-Davies Capital          GTH        
      Limited         Finance Limited         Limited                          
                                                              Communications   
                                                                               
   Mitch Alland         Toby Howell      Daniel Fox-Davies       Toby Hall     
                                                                               
    Denham Eke             Peter                             Christian Pickel  
                      Trevelyan-Clark                                          
                                                                               
[phone]   [phone]     [phone]     [phone]  
                           4500                5200                8035