🕐28.01.11 - 09:54 Uhr

Kalahari Minerals - Extract Receives Environmental Approval for Husab Uranium Project - Namibia



Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration 28 January 2011 Kalahari Minerals plc (Kalahari) Extract Receives Environmental Approval for Husab Uranium Project Kalahari Minerals plc, the AIM listed resource company, is pleased to announce that Swakop Uranium, a subsidiary of Extract Resources Ltd (Extract or the Company), in which Kalaharis subsidiary, Kalahari Uranium Limited, holds a 41.08% interest, has received environmental approval from Namibias Ministry of Environment and Tourism for the Husab Uranium Project (Husab) mining licence area. Kalaharis Executive Chairman, Mark Hohnen, said, "Extract continues to press forward in its defined plan of developing one of the worlds largest uranium mines at the Husab Uranium Project in Namibia, where it controls what is already the fifth largest global uranium only deposit.

Obtaining this environmental approval from Namibias Ministry of Environment and Tourism is another major step in the drive towards production and emphasises both Husabs environmental credentials and the support for its development from the Namibian Government.

We look forward to the publication of the Definitive Feasibility Study and remain fully supportive of Extracts development plans as well as the regional exploration initiatives that continue to open up new zones of uranium mineralisation which are further boosting the global significance of this project." Extract announcement: Extract Resources Receives Environmental Approval for Husab Uranium Project Highlights: * Environmental Impact Assessment for the proposed Mining Licence Area approved by Namibias Ministry of Environment and Tourism * Mining Licence Application lodged in December 2010 January 28, 2011: Extract Resources Limited (ASX/TSX/NSX: EXT) ("Extract" or "the Company") today announces that its subsidiary, Swakop Uranium, has received environmental approval from Namibias Ministry of Environment and Tourism for its Husab Uranium Project ("Husab") mining licence area.

A separate EIA is in progress for the linear infrastructure for which public consultation is scheduled in April and May. The Environmental Impact Assessment ("EIA") and Management Plan ("EMP") for the proposed mining licence area were lodged with the Ministry in late November 2010.

As part of the process, both studies were made available to the public between 27 October and 22 November and public consultation meetings were held in Windhoek, Arandis and Swakopmund.

An external review of the draft reports was also completed by independent environmental consultants in South Africa. Approval of the EIA and EMP is a necessary step for obtaining a mining licence for Husab, which is the fifth-largest uranium-only deposit in the world.

The mining licence application was lodged with Namibias Ministry of Mines and Energy during December 2010. Extract Managing Director Jonathan Leslie said: "Receipt of this environmental approval is a key milestone as we develop the world-class uranium mine at Husab.

We have undertaken extensive specialist environmental studies and we are committed to ensuring our environmental standards adhere to international best practice.

Our environmental commitment and clearance supports the tremendous work that the team are doing to support the completion of the DFS and is reflective of the positive regulatory and investment environment in Namibia." About Extract Resources 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 fifth 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. **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
Felicity Edwards St Brides Media and Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY Tel: +44 (0) 207 236 1177 Mob: +44 (0) 7748 843871 Fax: +44 (0) 207 236 1188 Email: Web: www.stbridesmedia.co.uk



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