🕐21.02.11 - 09:27 Uhr

Kalahari Minerals plc - discussions regarding potential combination of Husab Ura
nium Project and Rios Rössing Uranium Mine



Kalahari Minerals plc / Ticker: KAH.L / Index: AIM / Sector: Mining & Exploration 21 February 2011 Kalahari Minerals plc (Kalahari or the Company) Discussions Regarding Potential Combination of Extracts Husab Uranium Project and Rio Tintos R�ssing Uranium Mine Kalahari Minerals plc, the AIM listed resource company, notes the announcement published today on the ASX by Extract Resources Ltd (Extract), in which Kalaharis subsidiary, Kalahari Uranium Limited, holds a 41.08% interest.

The Board of Kalahari confirms that is holding discussions with Extract to explore various different options that might simplify the Extract/Kalahari shareholding structure. A further announcement will be made when appropriate. Full Extract announcement: Partnership Update February 21, 2011: Extract Resources Limited (ASX/TSX/NSX: EXT) ("Extract") advises that it is currently holding discussions with Rio Tinto around a potential combination of the Husab Uranium Project with the neighbouring R�ssing Uranium Mine, with a view to capturing the significant potential synergies that could be generated from a joint development of the two projects.

Extract is also holding discussions with Kalahari Minerals Plc to explore various options that might simplify the Extract/Kalahari shareholding structure. These discussions remain confidential and incomplete and there is no certainty that the parties will reach any agreement.

Extract will continue to keep shareholders informed of any material developments. 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
Susie Geliher St Brides Media & Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY T: +44 (0) 207 236 1177 | M: +44 (0) 7976 749 561 | F: +44 (0) 207 236 1188 | www.sbmf.co.uk



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