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Xemplar Discovers Six Significant Uranium Occurrences At Its Warmbad Project In Namibia

Vancouver, May 7, 2007  - Xemplar Energy Corp (the "Company") is pleased to update the progress at its Warmbad Project (EPL's 3567 and 3568) in Namibia.

Field mapping and follow-up ground truthing of airborne radiometric anomalies has identified six distinct, mineralised alaskite bodies. Each of these bodies appears to resemble a large "uranium porphyry". They have a strong resemblance to the uraniferous alaskites found at the Rossing Uranium mine. Uranium production at the Rossing mine surpassed 3,500 tonnes in 2004; the mine has been in operation since 1976. The Rossing deposit has an average grade of 250 ppm U3O8 (0.025% U3O8). The current open pit at Rossing is approximately 5kms long, 500 metres wide and 350 metres deep. Total tonnage at Rossing is estimated at over 200 million tonnes of ore. With the current spot price of uranium at $ 120 per lb the operations at Rossing will continue for some years.

The six bodies or large alaskite sills discovered at the Warmbad Project have been named as follows: Ramansdrift Sill, Gaidip-Sandfontein Sill, Houms-Revier Main Sill, Leopard-Trap Sill, Houms-Revier-Sandfontein Sill and Ramansdrift-Gaobis Sill. These bodies occur in an area measuring 40 kms by 12 kms. The average distance between these bodies is approximately 4 kms. All of these bodies are within 12 kms of the Orange River, which forms the border between Namibia and South Africa. The current flow rate of the river varies from 16 to 33 million cubic metres per day (Cambray et al, 1986). There are currently two main power lines from South Africa feeding the Namibian power grid, one of these runs through the farm Gaidip-146, which is located in the centre of the Warmbad project. The availability of power and water is a critical issue for any potential uranium mining operation in Namibia.

Over 200 sites have been investigated on these six alaskite bodies and a total of 71 outcrop samples have been collected and assayed. The sample sites are distributed along the length of each Alaskite. Sample results for this work are shown below. Sample assaying was carried out at Set Point Laboratories in Johannesburg. Set Point Laboratories is an ISO17025 credited laboratory based in Johannesburg, South Africa. Three separate samples were sent to ACME laboratories in Vancouver and these results are also shown below. Results from Set Point were reported in parts per million (ppm) U3O8, (1,000 ppm U3O8 is equal to 0.1 % U3O8 or 2.2046 lb/t U3O8) and from ACME in parts per million (ppm) Uranium (ppm uranium multiplied by 1.1792 equals ppm U3O8).

Ramansdrift Sill
This alaskite is a vertically dipping coarse to very coarse-grained, partly weathered white alaskitic granite. Biotite-nests and yellow secondary mineralisation is visible in cavities (uraninite-replacement) and limonite-coated joints. This north-northeast striking body has a true-width of over 400 metres and a known strike length of approximately 3.3 kms. The body is open-ended in both directions. Some 20 outcrop samples were collected from this alaskite. Assay results are shown below,

Gaidip-Sandfontein Sill
This northeast striking body is a very coarse-grained, white, graphic alaskite. It has a minimum true-width of approximately 500 metres; it dips steeply to the southeast at 80 degrees and has a strike length of approximately 12 kms. The body is open-ended in both directions. Some 19 samples were collected from this body. Assay results are shown below,

Houms Revier Main Sill
A very coarse-grained, white and pink vertically dipping alaskite. This easterly striking body has a minimum true-width of 700 metres and a strike length in excess of 4 kms. The body is open ended in both directions. Some 23 outcrop samples were taken from this alaskite. Assay results are shown below,

Leopard Trap Sill
This sill is a very coarse to coarse-grained white alaskitic granite. Slight hematite/limonite coating, partial weathering, some biotite and extensive yellow secondary uranium mineralisation is visible. The body has an 80-degree dip to the northwest; it has a true-width of approximately 400 metres and a known strike length of 2 kms. It is open ended in both directions. Four outcrop samples were collected from this alaskite. Assay results are shown below,

Ramansdrift-Gaobis Sill
Very coarse-grained oxidised, altered, brown, magnetite-rich alaskite. The body dips 30 degrees towards the east. It has an estimated true-width of approximately 900 metres and a strike length of over 2 kms. It is open ended in both directions. Three samples were taken from this alaskite. Assay results are shown below,

Houms Revier-Sandfontein Sill
Mostly a very coarse-grained graphic, white and pink alaskite. The body dips 46 degrees to the southeast. It has a minimum true-width of 600 metres and a strike length of 2 kms. It is open ended in both directions. One sample was collected from this body. The single assay result is shown below,

In view of the success of this preliminary field program at Warmbad, the company has decided to carry out a detailed helicopter-borne radiometric survey. The contract for this work has been awarded to Fugro Airborne Surveys (Pty) Ltd. The survey will commence within the next two weeks and will entail the acquisition of some 16,000-line kms of data. This survey will acquire multi-channel radiometric and magnetic data along lines 50 metres apart at a height of 25 metres. The purpose of the survey is two-fold, firstly it will effectively map the alaskite bodies and secondly it will map the surface uranium mineralisation within the alaskites themselves.

This survey will be followed by a drill program. Tenders are being prepared for a 15,000-meter drill program to test all of these alaskitic bodies and any others that may be found as a result of the airborne radiometric survey.

Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.


On behalf of the Board of Directors,

Xemplar Energy Corp.

Gennen McDowall
President

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