KALAHARI RESOURCES INC. ("KLA")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: January 26, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
the second and final tranche of a Non-Brokered Private Placement announced
December 18, 2009 and amended on January 4, 2010 and January 18, 2010:

    Number of Shares:        5,450,000 flow-through shares
                             1,350,000 non flow-through shares

    Purchase Price:          $0.065 per share

    Warrants:                6,800,000

    Warrant Exercise Price:  $0.10 for a two year period
                             $0.15 in the third year in regards to the
                             warrants attached to the non flow-through shares
                             $0.20 for the fourth and fifth year in regards
                             to the warrants attached to the non flow-through
                             shares

    Insider / Pro Group Participation:

                             Insider equals Y /
    Name                     ProGroup equals P /               No. of Shares

    Maxwell A. Munday        Y                                     6,450,000

    Finder's Fee:            $35,425 payable to Redplug Capital Inc.

    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. (Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.)