News

Xemplar Completes Engo Valley And Garub Project Assessment And Lodges Five Epl Applications

Vancouver, May 9th 2007 - Xemplar Energy Corp (TSXV: XE) ("Xemplar" or the "Company") is pleased to announce that it has completed and filed its assessment work on the Engo Valley (ERL-62) and Garub (ERL-103) uranium projects. As a result of this work the Company has submitted five new Exclusive Prospecting Licences ("EPL") applications to the Namibian Ministry of Mines and Energy.

Engo Valley Uranium Project

The assessment study on the Engo Valley uranium project was carried out by Charles Johnston, currently retained by the Company as a consultant. Mr. Johnston worked on the Engo Valley project for General Mining between 1977 and 1978 as the project geologist and was responsible for the drilling program carried out at that time. The Engo Valley uranium project is located along the northern Kaokaland coast in the extreme northwest of Namibia. General Mining carried out exploration work in the area between 1974 and 1980. Approximately 5,784 metres of drilling was carried out on the project. As a result of their work they were able to report a calculated ore reserve for the Engo Valley uranium deposit, of approximately 5.68 million tonnes at 0.34 kilogram per ton U3O8. This historical resource estimate was prepared in accordance with generally accepted practices used at the time and does not reflect current mineral categories as outlined in National Instrument 43-101. While the resource calculation is believed to be reliable, the data supporting the estimate are not currently available. Since the data are not available to Xemplar, it is not treating it as a National Instrument 43-101 defined resource verified by a qualified person. The reader is cautioned that one should not rely on this resource estimate.

The conclusions of this assessment report are that the area has been very under-explored and that because of the extensive sand cover only two small areas along the eastern side of the 40 km long valley have been examined. There are many areas within the valley that need to be investigated. The uranium mineralisation in the Engo Valley consists of fine-grained uraninite that is dispersed in porous sedimentary host rocks of the Karoo sequence. The uraninite mineralisation is controlled by the flow of oxidizing ground water through permeable host sediments, which indicates a classical roll-front uranium deposit. In terms of the ore deposit model the first approach will be to carry out a drill program to locate alteration boundaries within the valley. This would enable the discrete pod-like deposits to be identified. Most of the mines exploiting these roll front deposits (eg: The Powder River Basin, USA) are comprised of several discrete pod-like ore bodies. To assist in this work an ALPHATRACK radon survey will be carried out along the entire length of the valley.

As a result of this assessment work the Company has applied for a single three year EPL licence covering the entire Engo Valley.

Garub Uranium Project

As a result of the preliminary work being carried out in the Aus Licence area (EPL-3572), it became apparent to the Company that the large open area to the west of the Aus licence was potentially prospective. In early November 2006 a reconnaissance licence (ERL-103) was awarded to Xemplar. This ERL covered some 621,000 hectares and was located between Aus and Luderitz. Detailed multi-channel radiometric data covering the entire area was purchased from the Geological Survey and interpreted. A number of discrete uranium anomalies have been identified throughout the area and especially within the drainage pattern of the Koichab River. The northern part of the ERL is bounded by the Koichab River.

During the period 1976 to 1981 Anglo American of South Africa carried out a regional uranium exploration program in the Garub area. This included a soil-sampling program entailing the acquisition of some 3440 fine fraction stream samples. The uranium analysis of these samples located anomalies in the area north of the Aus Luderitz railway line. Follow-up work near Garub Station located carnotite in calcrete. The best result reported was 378 ppm U3O8. As a result of this work some 28 percussion holes were drilled. No other information is available.

It is Xemplar's opinion that the area warrants further work and as a result it has applied for four EPL's within the Garub area.

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

The Company also wishes to announce the granting of incentive stock options to certain directors and consultants to purchase up to a total of 1,000,000 common shares in the capital stock of the company, exercisable for a period of five years, at a price of $1.90 per share.

On behalf of the Board of Directors,

Xemplar Energy Corp.

Gennen McDowall
President

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