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Xemplar completes Corhill airborne survey

Helicopter-Borne Geophysical Survey Completed Corhill Uranium Property

Xemplar Energy Corp. has completed the helicopter-borne geophysical survey for its joint venture partner Garuda Ventures Canada Inc. over the Corhill uranium-gold-platinum property located in the Northwest Territories.

The airborne VTEM (time-domain electromagnetic and magnetic) survey was undertaken for the purposes of investigating the mineral potential of the property. Results are expected in a matter of days and upon receipt of the results Garuda will mobilize a crew with the objective of doing further exploratory work on the ground and defining drill targets.

The Corhill property comprises 18 mineral claims and covers 30,628 acres. The claims straddle the Northwest Territories/Nunavut border and are approximately 312 miles north-northwest of Yellowknife and 90 miles southwest of Kugluktuk (formerly named Coppermine).

The property holds potential for Athabasca basin-type unconformity uranium deposits and the genetically related Coronation Hill (Australia) type mineralization with associated gold and platinum group metals. The Corhill property does not have any substantiated mineral deposits or proven reserves of minerals. Garuda Ventures intends to carry out preliminary exploration work to ascertain whether the claims warrant advanced exploration to determine whether they possess commercially exploitable deposits of uranium, gold or platinum group metals. The current work being undertaken is part of this process.

The region was initially explored for radium due to the discovery of the radium mines at Port Radium. Subsequent exploration efforts focused on uranium potential and in the 1970s a number of uranium showings were identified, including two occurrences that are located on the property.

Xemplar Energy Corp.

Craig Walker
Director

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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