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Xemplar Energy buys Namura for six million shares

The TSX Venture Exchange has accepted for filing a share purchase agreement dated March 22, 2006, between the shareholders of Namura Mineral Resources (Proprietary) Ltd. and Xemplar Energy Corp. The company has agreed to pay $600,000 cash and issue six million common shares to acquire all the shares of Namura Mineral Resources (Proprietary) Ltd. as follows:

$200,000 and two million shares to William Gennen McDowall; $200,000 and two million shares to Elite Vantage Development Ltd. (Simon Tam); and $200,000 and two million shares to Luxwing Holdings Ltd. (Simon Tam).

Namura's properties are subject to a 3-per-cent net smelter return royalty payable to William Gennen McDowall, Elite Vantage Development Ltd. and Luxwing Holdings Ltd.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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