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Tuesday, March 03, 2009

Xemplar Energy says drilling at Aluriesfontein expands mineralised zones

Xemplar Energy Corp said results for a further seven drill holes from the 2008 drill program in the Aluriesfontein area on the Warmbad uranium project in Namibia have further expanded the size of the five mineralized zones that have been identified.

The grades encountered are consistent with the grade of the Valencia deposit in the same geological environment, which is subject to a CDN$579 million takeover offer.

Highlights of chemical assay results from the drill program include 6 metres grading 144.2 parts per million triuranium octoxide from 187 metres to 193 metres, 12 metres grading 115.7 ppm U3O8 from 163 metres to 175 metres, and 6 metres grading 151.5 ppm U3O8 from 139 metres to 145 metres.

Further assay results from the 2008 drill program are forthcoming.

The exploration program in 2009, which commenced on January 19 2009, will entail drilling to extend the size of the mineralized zones at Aluriesfontein and Big Yellow and further surface exploration and drilling at Aluriesfontein, Big Yellow East, Centre and West, Houms River, Girtis, and Gaobis/Energy Ridge to define new zones of mineralization.