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Kalahari Minerals PLC (KAH)

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Friday 21 May, 2010

Kalahari Minerals PLC

Exceptional Assay Results from Rössing South


Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration

21 May 2010

                      Kalahari Minerals plc (`Kalahari')                       

                 Exceptional Assay Results from Rössing South                  

Kalahari Minerals plc, the AIM listed resource company, is pleased to provide
an update, published by Extract Resources Ltd (`Extract' or `the Company'), in
which Kalahari's subsidiary, Kalahari Uranium Limited, holds a 40.6% interest,
regarding further exceptional assay results from the Rössing South mineralised
system, part of Extract's world-class Husab Uranium Project.

Kalahari's Executive Chairman, Mark Hohnen, said, "These latest exceptional
assay results underline the enormous potential of the Rössing South project.
The infill drilling on Zones 1 and 2, aimed at proving up Extract's current
resource from the Inferred to Indicated category, continues to deliver
outstanding results and include an intercept of 73 metres grading 2,243ppm
U3O8. Additionally and highly significantly, the exploratory drilling on the
western limb of the Rössing South anteform is also yielding extremely
encouraging results and demonstrates the potential for the entire Husab Project
which we believe will be one of the world's largest economic deposits.

"Extract is clearly highly focussed on the rapid development of the project. 19
drill rigs are currently on site, making the current drilling programme one of
the largest being conducted in Africa. Kalahari is fully supportive of this
development strategy and look forward to the updated resource estimate which is
expected in Q3 2010, as this will add further tangible value to this globally
significant asset. The pilot testwork, aimed at identifying the most effective
treatment options for the mined uranium, has also delivered encouraging results
and is expected to be concluded by the end of June 2010.

"We also look forward to the publication of the Rössing South Definitive
Feasibility Study, scheduled for release in Q4 2010. Kalahari is confident that
this will easily confirm the key findings of last year's scoping study,
supporting Rössing South's potential to support a profitable, low risk, open
pit mine producing in excess of 15Mlb of U3O8 per annum over a 20+ year mine
life. Importantly, the scoping study was conducted using an average grade of
487ppm, significantly lower than the grades we are now witnessing at Zones 1
and 2, a factor that should definitely be taken into account when evaluating
the project economics further."

Extract Announcement:

  Rössing South: Mineralisation on western limb confirmed with further strong  
      results from Zone 1 and 2, including 73 metres grading 2243ppm U3O8      

21 May 2010: Extract Resources Ltd (ASX/TSX/NSX: EXT), a uranium exploration
and development company with projects in Namibia, today announced the latest
round of exceptional chemical assay results from the Rössing South mineralized
system, part of Extract's world-class Husab Uranium Project.

Aggressive drilling rates continue to underpin the Company's commitment to
completing the Rössing South Definitive Feasibility Study and the development
of a mine at this globally significant project.

Highlights:

  * 19 drill rigs now operating at Rössing South, with the key focus on
    resource definition.
   
  * Stand out intercept of 73 metres grading 2243ppm U3O8 with mineralisation
    still open down dip and along strike.
   
  * Chemical assay results from multiple drill holes confirm high grade
    mineralisation on the western limb of the Rössing South antiform.
   
  * Steady flow of exceptional high grade chemical assays received from infill
    and resource extensional drilling, including:
   
Hole ID           From        To        Mineralised zones   
                                                            
                   (m)        (m)            (U3O8)         
                                                            
Zone 1                                                      
                                                            
RDD119             348        358          10m @ 1026 ppm   
                                                            
RDD141             151        168          17m @ 2745 ppm   
                                                            
RDD143             329        340          11m @ 1017 ppm   
                                                            
RDD145             371        444          73m @ 2243 ppm   
                                                            
RRC659             238        256          18m @ 1419 ppm   
                                                            
RRC737             261        307          46m @ 1031 ppm   
                                                            
RRC750             176        213          37m @ 2001 ppm   
                                                            
RRC758             157        169          12m @ 1522 ppm   
                                                            
and                192        204          12m @ 1285 ppm   
                                                            
and                222        240          18m @ 1018 ppm   
                                                            
Zone 2                                                      
                                                            
RDD112             289        342          53m @ 1265 ppm   
                                                            
RDD147             378        388          10m @ 1084 ppm   
                                                            
RDD148             325        335          10m @ 1226 ppm   
                                                            
RDD149             368        383          15m @ 1470 ppm   
                                                            
RRC717             261        271          10m @ 1015 ppm   
                                                            
RRC718             242        272          30m @ 1032 ppm   
                                                            
RRC721             137        160          23m @ 1249 ppm   
                                                            
RRC771             185        195          10m @ 1665 ppm   

Resource Definition Update - Zone 1 & Zone 2

Significant drilling rates continue at Rössing South where approximately 1300
drill holes have been completed for 330000 metres of drilling. There are
currently 19 drill rigs operating at Rössing South: nine RC rigs; and ten
diamond core rigs. The main focus of drilling has been infill resource
definition work aimed at converting the Inferred Resource to Indicated. Some
extensional, sterilization and exploration drilling is also being completed.

The latest round of chemical assay results have been received from 89 drill
holes located throughout Rössing South. Multiple intercepts of high grade
mineralization were reported further establishing the continuity of the
high-grade, granite-hosted uranium mineralization. A full list of recently
received and previously unreported chemical assay results is included in
Appendix 1.

Mineralization in Zone 1 remains open down-dip to the east with the high grade
results received in this area (e.g. RDD145, 73m @ 2243ppm U3O8) highlighting
the significant potential for additional drilling to further increase the size
of the current resource.

Exploration Update - Western Limb drilling results

Chemical assay results received for drill holes on the western limb of the
Rössing South antiform confirm the presence of high grade uranium
mineralization with multiple drill holes in this area west of Zone 1, Zone 2
and south of Zone 2 with significant uranium mineralization, including:

  * RRC750, 37m @ 2001ppm U3O8;
   
  * RRC717, 10m @ 1015ppm U3O8;
   
  * RRC718, 30m @ 1032ppm U3O8; and
   
  * RRC771, 10m @ 1665ppm U3O8.
   
The Company is currently drilling out this area for inclusion in the next
resource upgrade. Drill holes continue to intersect potentially high grade
uranium mineralization, as identified by hand held spectrometer results.
Chemical assay results will be reported when available.

Rössing South Feasibility Study Update

Resource Update

Aggressive drilling rates continue to define an updated resource estimate for
Rössing South within the third quarter of calendar 2010. The main aim is to
upgrade the current Zone 1 and Zone 2 Inferred Resource to Indicated status.
The Indicated Resource is expected to form the basis of the DFS mining
inventory so that reserves can be defined.

Pilot Plant Testwork

`Proof of design' testwork commenced in the Company's pilot plant in Perth on
22 March 2010. The objectives of this work includes finalising the base case
flow sheet, to quantify comminution, leaching, filtration, ion exchange,
solvent extraction parameters and to characterize uranium product for marketing
purposes. Results have been encouraging and the Company remains confident that
the testwork objectives will be met and completed by the end of June 2010.

The Definitive Feasibility Study (DFS) remains on track for completion in the
fourth quarter of the 2010 calendar year.

About Extract Resources

Extract Resources Ltd is an Australian-based uranium exploration and
development company whose primary focus is in Namibia. The company's principal
asset is its 100%-owned Husab Uranium Project which contains two known uranium
deposit areas, Rössing South and Ida Dome. Extensive exploration potential also
exists for new uranium discoveries in the region.

For further information, please contact:

Jonathan Leslie Richard Henning

Chief Executive Officer/Managing Director Investor Relations

jleslie@extractresources.com +61 89367 2111

rhenning@extractresources.com

The information in this report that relates to Exploration Results, Mineral
Resources or Ore Reserves is based on information compiled or reviewed by Mr
Martin Spivey, who is a Member of The Australasian Institute of Mining and
Metallurgy and Mr Andrew Penkethman who is a Member of the Australian Institute
of Geoscientists. Mr Spivey and Mr Penkethman are both full time employees of
the Company. Mr Spivey and Mr Penkethman have sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration
and to the activity which they are undertaking to qualify as a Competent Person
as defined in the 2004 Edition of the `Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves'. Mr Spivey and Mr
Penkethman consent to the inclusion in this report of the matters based on
their information in the form and context in which it appears.

Reference to hand held spectrometer results refers to use of a Company owned
Exploranium, GR-135 Plus or Terraplus RS-125, hand held spectrometer. The
uranium values are recorded by placing the unit on the bulk RC sample bags or
individual trays of drill core and expressed as parts per million (ppm) eU
which is equivalent to ppm U. Results from these units provide an indication of
uranium mineralisation; they may also be affected by uranium mobility and
disequilibrium. These factors should be considered when interpreting eU
information whilst waiting for confirmation chemical assay results.

This press release contains forward-looking statements based on current
expectations.

These forward-looking statements entail various risks and uncertainties that
could cause actual results to differ materially from those reflected.

                                  APPENDIX 1                                   

                             TABLE OF NEW RESULTS                              

Husab Project - Rössing South Prospect: Drill hole chemical assay results.
Uranium intersections greater than 100ppm U3O8 over drill hole intersection
widths of not less than 2 metres down hole width:

  Prospect     Hole  Easting  Northing  Azi True   Dip  From To  Width  Grade  
                ID     UTM    UTM WGS84   (deg)   (deg) (m)  (m)  (m)    (ppm  
                      WGS84                                             U308)  
                                33 S                                           
                       33 S                                                    
                                                                               
Zone 1        RDD138   507000   7507050     269.5   -60  134 143   9     106   
                                                                               
                                                         161 174  13     134   
                                                                               
                                                         249 255   6     210   
                                                                               
                                                         262 264   2     162   
                                                                               
Zone 1        RDD139   507000   7506850     269.5   -60  105 108   3     145   
                                                                               
                                                         165 180  15     382   
                                                                               
                                                         227 248  21     271   
                                                                               
                                                         268 281  13     188   
                                                                               
                                                         303 305   2     218   
                                                                               
                                                         310 318   8     175   
                                                                               
                                                         337 340   3     481   
                                                                               
                                                         401 408   7     466   
                                                                               
Zone 1        RDD119   507100   7506850     269.5   -60   54  56   2     177   
                                                                               
                                                          88  90   2     284   
                                                                               
                                                         168 219  51     165   
                                                                               
                                                         338 340   2     344   
                                                                               
                                                         348 375  27     509   
                                                                               
                                        including        348 358  10     1026  
                                                                               
                                                         384 401  17     326   
                                                                               
                                                         448 458  10     276   
                                                                               
                                                         463 467   4     254   
                                                                               
                                                         489 493   4     414   
                                                                               
Zone 1        RRC724   505850   7506700        90   -60  227 229   2     116   
                                                                               
Zone 1        RDD118   506850   7506550     269.5   -60  276 300  24     251   
                                                                               
                                                         322 326   4     117   
                                                                               
                                                         347 362  15     246   
                                                                               
                                                         369 372   3     575   
                                                                               
                                                         389 405  16     373   
                                                                               
Zone 1        RDD141   506750   7506550     269.5   -60  151 168  17     2745  
                                                                               
                                                         206 211   5     643   
                                                                               
                                                         221 250  29     586   
                                                                               
                                        including        221 225   4     810   
                                                                               
                                              and        234 244  10     1075  
                                                                               
                                                         282 288   6     138   
                                                                               
                                                         308 339  31     766   
                                                                               
                                        including        310 330  20     1074  
                                                                               
                                                         356 366  10     146   
                                                                               
                                                         386 391   5     698   
                                                                               
Zone 1        RRC791   505990   7506500      89.5   -60  107 110   3     157   
                                                                               
Zone 1        RDD117   506750   7506450     269.5   -60  338 342   4     523   
                                                                               
Zone 1        RDD143   506550   7505950     269.5   -60  218 229  11     144   
                                                                               
                                                         245 247   2     382   
                                                                               
                                                         285 300  15     337   
                                                                               
                                                         317 342  25     689   
                                                                               
                                        including        329 340  11     1017  
                                                                               
Zone 1        RDD116   506500   7505850     269.5   -60  279 283   4     214   
                                                                               
                                                         329 356  27     272   
                                                                               
                                                         399 402   3     491   
                                                                               
                                                         411 413   2     364   
                                                                               
                                                         423 430   7     626   
                                                                               
Zone 1        RRC750   505850   7505850        90   -60  148 159  11     151   
                                                                               
                                                         165 171   6     142   
                                                                               
                                                         176 213  37     2001  
                                                                               
                                        including        176 188  12     3278  
                                                                               
                                              and        198 213  15     2306  
                                                                               
                                                         220 222   2     119   
                                                                               
Zone 1        RDD144   506450   7505800     269.5   -60  175 214  39     314   
                                                                               
                                                         219 226   7     1301  
                                                                               
                                                         232 244  12     306   
                                                                               
                                                         252 256   4     333   
                                                                               
                                                         268 277   9     140   
                                                                               
                                                         282 294  12     544   
                                                                               
                                                         347 360  13     632   
                                                                               
                                                         376 391  15     377   
                                                                               
                                                         397 399   2     112   
                                                                               
Zone 1        RRC659   506250   7505700     269.5   -60   70  73   3     150   
                                                                               
                                                          87  95   8     127   
                                                                               
                                                         127 129   2     189   
                                                                               
                                                         214 216   2     410   
                                                                               
                                                         238 256  18     1419  
                                                                               
                                                         265 273   8     132   
                                                                               
Zone 1        RRC660   506350   7505650     269.5   -60  231 235   4     236   
                                                                               
                                                         244 248   4     117   
                                                                               
                                                         255 280  25     375   
                                                                               
                                                         288 294   6     320   
                                                                               
Zone 1        RRC671   505952   7505550     269.5   -60   60  62   2     121   
                                                                               
                                                         100 104   4     527   
                                                                               
                                                         110 117   7     193   
                                                                               
                                                         156 160   4     743   
                                                                               
                                                         167 226  59     338   
                                                                               
Zone 1        RDD115   506350   7505450     269.5   -60  361 363   2     177   
                                                                               
                                                         388 393   5     1069  
                                                                               
Zone 1        RRC737   506000   7505450     269.5   -60  129 139  10     294   
                                                                               
                                                         157 170  13     558   
                                                                               
                                                         181 183   2     315   
                                                                               
                                                         193 197   4     650   
                                                                               
                                                         205 232  27     452   
                                                                               
                                                         261 307  46     1031  
                                                                               
                                        including        267 281  14     2089  
                                                                               
Zone 1        RRC738   506100   7505450     269.5   -60  136 143   7     103   
                                                                               
                                                         189 196   7     543   
                                                                               
                                                         266 288  22     588   
                                                                               
                                                         294 297   3     142   
                                                                               
Zone 1        RDD114   506350   7505350     269.5   -60  265 268   3     405   
                                                                               
                                                         300 308   8     253   
                                                                               
                                                         325 339  14     422   
                                                                               
                                                         350 366  16     211   
                                                                               
                                                         376 387  11     611   
                                                                               
                                                         392 414  22     179   
                                                                               
Zone 1        RRC758   506025   7505200     269.5   -60   67  70   3     391   
                                                                               
                                                         111 114   3     295   
                                                                               
                                                         128 130   2     308   
                                                                               
                                                         157 169  12     1522  
                                                                               
                                                         182 187   5     1069  
                                                                               
                                                         192 204  12     1285  
                                                                               
                                                         210 250  40     620   
                                                                               
                                        including        222 240  18     1018  
                                                                               
Zone 1        RRC569   506250   7505150     269.5   -60  171 187  16     155   
                                                                               
                                                         223 225   2     790   
                                                                               
                                                         265 270   5     703   
                                                                               
                                                         321 338  17     513   
                                                                               
Zone 1        RDD145   506350   7505150     269.5   -60  268 271   3     112   
                                                                               
                                                         306 311   5     195   
                                                                               
                                                         320 338  18     303   
                                                                               
                                                         344 353   9     745   
                                                                               
                                                         371 444  73     2243  
                                                                               
                                        including        423 443  20     5061  
                                                                               
                                                         457 460   3     3543  
                                                                               
Zone 1        RRC702   505875   7505100     269.5   -60   84  88   4     331   
                                                                               
Zone 1        RRC703   506050   7505100     269.5   -60   81  83   2     146   
                                                                               
                                                         126 128   2     125   
                                                                               
                                                         143 149   6     328   
                                                                               
                                                         157 161   4     572   
                                                                               
Zone 1        RRC704   506150   7505100     269.5   -60   65  70   5     118   
                                                                               
                                                          87  92   5     103   
                                                                               
                                                         115 117   2     126   
                                                                               
                                                         123 125   2     116   
                                                                               
                                                         216 228  12     361   
                                                                               
Zone 2        PC164    506300   7504600     269.5   -60   80  83   3     134   
                                                                               
Zone 2        RDD160   505375   7504200        90   -60  124 126   2     369   
                                                                               
Zone 2        RDD146   505850   7504050     269.5   -60  218 221   3     148   
                                                                               
                                                         286 304  18     286   
                                                                               
                                                         311 318   7     298   
                                                                               
                                                         323 338  15     392   
                                                                               
                                                         343 358  15     460   
                                                                               
                                                         375 381   6     128   
                                                                               
Zone 2        RDD147   505950   7504050     269.5   -60  138 140   2     220   
                                                                               
                                                         259 261   2     256   
                                                                               
                                                         373 392  19     746   
                                                                               
                                        including        378 388  10     1084  
                                                                               
                                                         415 423   8     231   
                                                                               
Zone 2        RDD148   506050   7504050     269.5   -60  244 251   7     237   
                                                                               
                                                         263 267   4     329   
                                                                               
                                                         303 309   6     1191  
                                                                               
                                                         316 320   4     185   
                                                                               
                                                         325 335  10     1226  
                                                                               
                                                         340 345   5     598   
                                                                               
Zone 2        PC158    505250   7504000        90   -60   55  58   3     248   
                                                                               
                                                         219 221   2     266   
                                                                               
Zone 2        RDD149   505950   7503950     269.5   -60  228 231   3     244   
                                                                               
                                                         278 288  10     215   
                                                                               
                                                         300 321  21     754   
                                                                               
                                                         368 383  15     1470  
                                                                               
Zone 2        RRC691   505750   7503850     269.5   -60  198 208  10     226   
                                                                               
                                                         214 223   9     506   
                                                                               
                                                         242 245   3     1646  
                                                                               
                                                         261 275  14     775   
                                                                               
                                                         280 291  11     441   
                                                                               
Zone 2        RRC638   505230   7503750      89.5   -60  241 244   3     235   
                                                                               
Zone 2        RRC639   505340   7503750      89.5   -60  255 268  13     284   
                                                                               
                                                         289 293   4     316   
                                                                               
Zone 2        RDD112   506150   7503650     269.5   -60  223 232   9     277   
                                                                               
                                                         248 258  10     386   
                                                                               
                                                         280 370  90     811   
                                                                               
                                        including        289 342  53     1265  
                                                                               
Zone 2        RBE180   509600   7503600         0   -90  132 136   4     101   
                                                                               
Zone 2        RRC717   504900   7503600      89.5   -60  256 287  31     495   
                                                                               
                                        including        261 271  10     1015  
                                                                               
                                                         305 307   2     167   
                                                                               
Zone 2        RRC718   505000   7503600      89.5   -60  180 197  17     215   
                                                                               
                                                         202 205   3     557   
                                                                               
                                                         211 217   6     225   
                                                                               
                                                         242 272  30     1032  
                                                                               
                                                         342 348   6     157   
                                                                               
Zone 2        RRC719   505100   7503600      89.5   -60  182 204  22     275   
                                                                               
Zone 2        RRC720   505200   7503600      89.5   -60  176 192  16     425   
                                                                               
                                                         204 223  19     236   
                                                                               
Zone 2        RRC693   506050   7503450     269.5   -60  313 334  21     696   
                                                                               
                                                         365 374   9     175   
                                                                               
Zone 2        RRC640   505750   7503400     269.5   -60   75  80   5     146   
                                                                               
                                                         122 125   3     158   
                                                                               
                                                         220 231  11     245   
                                                                               
Zone 2        RRC721   505650   7503350     269.5   -60  107 113   6     132   
                                                                               
                                                         130 194  64     635   
                                                                               
                                        including        137 160  23     1249  
                                                                               
                                              and        167 194  27     392   
                                                                               
                                                         238 242   4     357   
                                                                               
Zone 2        RRC751   505950   7503250     269.5   -60  226 240  14     202   
                                                                               
Zone 2        RRC706   504900   7503200      89.5   -60   77 100  23     401   
                                                                               
Zone 2        RRC707   504800   7503200      89.5   -60  134 139   5     753   
                                                                               
                                                         161 163   2     448   
                                                                               
Zone 2        RRC708   504700   7503200      89.5   -60  181 196  15     647   
                                                                               
Zone 2        RRC678   505450   7503150     269.5   -60  163 165   2     262   
                                                                               
Zone 2        RRC764   504450   7502800      89.5   -60  287 289   2     248   
                                                                               
Zone 2        RRC677   505450   7502550     269.5   -60  113 115   2     130   
                                                                               
Zone 2        RRC679   505650   7502550     269.5   -60  196 208  12     231   
                                                                               
                                                         229 236   7     129   
                                                                               
Zone 2        RRC694   505600   7502500     269.5   -60  259 261   2     367   
                                                                               
Zone 2        RRC667   505350   7502450     269.5   -60   77  79   2     120   
                                                                               
                                                          84  89   5     214   
                                                                               
Zone 2        RRC668   505450   7502450     269.5   -60  104 108   4     132   
                                                                               
                                                         202 206   4     223   
                                                                               
Zone 2        RRC685   505550   7502450     269.5   -60  230 233   3     403   
                                                                               
Zone 2        RRC666   505450   7502350     269.5   -60  150 152   2     315   
                                                                               
                                                         161 165   4     384   
                                                                               
                                                         173 179   6     1583  
                                                                               
Zone 2        RRC670   505350   7502200     269.5   -60  192 202  10     141   
                                                                               
Zone 2        RRC695   505750   7502200     269.5   -60  336 338   2     112   
                                                                               
Zone 2        RRC731   505450   7502200     269.5   -60  140 147   7     828   
                                                                               
Zone 2        RRC714   505450   7501800     269.5   -60  151 163  12     190   
                                                                               
                                                         324 326   2     172   
                                                                               
                                                         352 369  17     137   
                                                                               
Zone 2        RRC715   505550   7501800     269.5   -60  237 242   5     470   
                                                                               
Zone 2        RRC716   505650   7501800     269.5   -60  324 326   2     435   
                                                                               
Zone 2        RRC697   505200   7501400     269.5   -60  119 121   2     282   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         173 195  22     122   
                                                                               
                                                         258 271  13     217   
                                                                               
Zone 2        RRC698   505300   7501400     269.5   -60  163 166   3     163   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         179 181   2     115   
                                                                               
                                                         240 242   2     218   
                                                                               
Zone 2        RRC699   505400   7501400     269.5   -60  211 216   5     121   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         295 301   6     164   
                                                                               
Zone 2        RRC700   505500   7501400     269.5   -60  230 233   3     101   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         306 308   2     185   
                                                                               
                                                         373 377   4     333   
                                                                               
Zone 2        RRC680   504900   7501000     269.5   -60  242 244   2     309   
Southern                                                                       
Extension                                                                      
                                                                               
Zone 2        RRC741   505000   7501000     269.5   -60  115 119   4     233   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         293 295   2     271   
                                                                               
Zone 2        RRC752   505100   7501000     269.5   -60  291 293   2     211   
Southern                                                                       
Extension                                                                      
                                                                               
Zone 2        RRC754   505300   7501000     269.5   -60  121 123   2     156   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         247 252   5     207   
                                                                               
                                                         265 273   8     603   
                                                                               
                                                         356 362   6     447   
                                                                               
Zone 2        RRC755   505400   7501000     269.5   -60  205 207   2     190   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         236 238   2     233   
                                                                               
                                                         287 293   6     173   
                                                                               
                                                         327 329   2     218   
                                                                               
Zone 2        RRC687   504750   7500600     269.5   -60  144 146   2     135   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         178 180   2     181   
                                                                               
                                                         185 187   2     430   
                                                                               
Zone 2        RRC722   504950   7500600     269.5   -60  183 193  10     253   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         198 201   3     189   
                                                                               
                                                         256 260   4     130   
                                                                               
Zone 2        RRC723   504850   7500600     269.5   -60  197 200   3     123   
Southern                                                                       
Extension                                                                      
                                                                               
Zone 2        RRC734   505050   7500600     269.5   -60  171 179   8     113   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         211 213   2     565   
                                                                               
                                                         218 223   5     397   
                                                                               
Zone 2        RRC735   505150   7500600     269.5   -60  232 234   2     487   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         249 255   6     228   
                                                                               
Zone 2        RRC736   505250   7500600     269.5   -60  128 130   2     506   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         189 192   3     121   
                                                                               
                                                         242 244   2     565   
                                                                               
Zone 2        RRC688   504000   7500200         0   -90   30  35   5     160   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         158 181  23     811   
                                                                               
Zone 2        RRC689   504100   7500200         0   -90  150 152   2     380   
Southern                                                                       
Extension                                                                      
                                                                               
Zone 2        RRC690   503900   7500200         0   -90  160 174  14     642   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         193 196   3     753   
                                                                               
Zone 2        RRC771   503800   7500200         0   -90  146 153   7     368   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         163 169   6     540   
                                                                               
                                                         185 195  10     1665  
                                                                               
Zone 2        RRC745   503700   7499800         0   -90  161 164   3     578   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         175 179   4     703   
                                                                               
                                                         219 221   2     266   
                                                                               
                                                         244 249   5     572   
                                                                               
Zone 2        RRC746   503800   7499800         0   -90   94  98   4     447   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         158 169  11     193   
                                                                               
Zone 2        RRC747   503900   7499800         0   -90   20  25   5     125   
Southern                                                                       
Extension                                                                      
                                                                               
                                                          35  40   5     169   
                                                                               
                                                         148 159  11     465   
                                                                               
                                                         248 250   2     163   
                                                                               
Zone 2        RRC748   504000   7499800         0   -90  137 140   3     380   
Southern                                                                       
Extension                                                                      
                                                                               
Zone 2        RRC749   504100   7499800         0   -90   25  30   5     108   
Southern                                                                       
Extension                                                                      
                                                                               
Zone 2        RRC772   503400   7499600         0   -90  206 209   3     568   
Southern                                                                       
Extension                                                                      
                                                                               
Zone 2        RRC762   505300   7499600         0    90  147 150   3     163   
Southern                                                                       
Extension                                                                      
                                                                               
                                                         165 167   2     110   
                                                                               
                                                         190 192   2     127   
                                                                               
                                                         213 229  16     252   
                                                                               
                                                         293 295   2     303   

Notes:

  * Analyses on RC chips and ½ NQ drill core by Genalysis Laboratory Services,
    Perth. Uranium assays were carried out by Four Acid Digest/MS (AT/MS).
   
  * Metal values (U) have been expressed as parts per million (ppm) U3O8
    converted to oxide values (U3O8) using a factor of 1.179 and rounded to
    zero decimal places.
   
  * Note that 100 ppm U3O8 is equivalent to 0.1 kg/t U3O8, which is 0.01% U3O8.
   
  * Intersection widths are estimated to be approximately true width.
   
Figures rounded to zero decimal places.

                                 * * 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 Callear       St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177  

Notes to Editors:

Kalahari Minerals plc is an AIM and NSX listed resource company with uranium,
gold and base metal interests in Namibia. Its key investment is its 40.6%
holding in ASX, TSX and NSX listed Extract Resources Limited
(www.extractresources.com), which is developing the Husab Uranium Project,
strategically located directly south of Rio Tinto's producing Rossing Mine.
Work is focussing on three main prospects within the project area, Rossing
South, Ida Dome and Hildenhof, and results continue to underpin the
prospectivity of the region, particularly following the world class Rossing
South discovery. Extract has reported a JORC compliant combined Husab Resource
(Global Resource) in excess of 292 M lbs U3O8 at a grade of 439 ppm of which
267 M lbs U3O8 at a grade of 487 ppm is from the two zones at Rossing South at
100 ppm U3O8 cut-off. Importantly, these are both open ended at depth and along
strike. Kalahari believes Extract has the ground and potential to deliver on
Kalahari's estimates of a resource in the region of 550 M lbs U3O8.

Kalahari's other key investment is its circa 44.7% holding in North River
Resources plc, an AIM listed emerging southern African focussed multi commodity
resource development company.