News

XEMPLAR REPORTS FIRST DRILL RESULTS - WARMBAD AREA

Vancouver, February 4, 2008 - Xemplar Energy Corp (TSX-Venture: XE, Frankfurt: E7R, Namibia: XEM) ("Xemplar" or the "Company") is pleased to announce that drilling at the company's wholly owned Warmbad Project has intersected broad zones of uranium mineralisation. To date drilling has been confined to two of the 14 known uraniferous granite (Alaskitic) bodies. Drilling at Warmbad commenced on October 15th, 2007 and continued until the middle of December 2007. During this seven-week period some 2,064 metres of both diamond drilling and reverse circulation drilling (RC) was carried out. These drill results constitute the first set of drilling data from the Warmbad area. The Warmbad area has been shown to contain 14 Uraniferous (alaskitic) bodies spread over an area approximately 40 kilometres by 28 kms.

Warmbad Drill Results

Uranium assay results for the main mineralised sections intersected in the first 12 holes drilled into the uraniferous granite bodies, Big Yellow and Gaobis are presented in the table below; results for the RC hole RCBY10 have not yet been received. The best hole was RCBY-7 drilled in the central portion of the Big Yellow body. The single highest grade intersect was from RCBY-7 where a two metre section from 173m to 175 returned 490 ppm U3O8.

Warmbad Drilling Results - 2007 Drill Program

Borehole		Easting	Northing	From	To	Width	Grade
		UTM	UTM	(m)	(m)	(m)	ppm U3O8
Big-Yellow
RC Holes
RCBY3		262105	6820256	13.7	18.28	4.58	108
				45.72	80.772	35.052	100
			including	57.912	64.008	6.096	381
				EOH	88		hole to be deepened
RCBY4		262120	6820009	7	16	9	109
Borehole		Easting	Northing	From	To	Width	Grade
		UTM	UTM	(m)	(m)	(m)	ppm U3O8
				23	45	22	104
			including	26	29	3	180
				57	76	19	101
				135	155	20	90
				162	176	14	103
			including	170	174	4	286
				190	198	8	116
				EOH	201
RCBY5		262019	6819970	10	75	65	97
				132	151	19	93
				183	187	4	219
				EOH	200
RCBY6		261895	6819827	64	71	4	108
				EOH	84
RCBY7		262250	6820251	6	55	49	98
			including	37	43	6	145
			including	47	48	2	246
				97	104	7	100
				124	134	10	102
				140	188	48	116
			including	168	188	20	180
			which includes	172	178	6	302
			which includes	173	175	2	490
				EOH	193
RCBY8		261457	6819723	0	31	31	100
				38	43	5	111
				63	107	44	94
			including	63	82	19	140
			which includes	73	82	9	206
Borehole		Easting	Northing	From	To	Width	Grade
		UTM	UTM	(m)	(m)	(m)	ppm U3O8
			including	94	100	6	127
				179	181	2	143
				EOH	201
RCBY9		262921	6821092	37	40	3	103
				101	104	3	97
				140	144	4	105
				152	156	4	103
				EOH	201
RCBY10		262988	6820598				results pending
				EOH	201
Diamond Holes
DBY2	262150		6820139	0	4.38	4.38	100
				14.6	48.17	33.57	101
				72.71	79.88	7.17	101
				127.98	142.29	14.31	110
				196.01	196.75	0.74	198
				EOH	196.75
Gaobis
Diamond Holes
DGAO1	248974		6815787	0	23.09	23.09	101
			including	8.6	11.46	2.86	194
				88.09	98.16	10.07	94
				EOH	146.98
DGAO2	249373		6815981	30.36	57.63	27.27	129
			including	41.79	53.44	11.65	181
				140.14	144.53	4.39	109
				EOH	175.49
RC Holes
RCGAO1	248999		6815880	0	7.62	7.62	96
				EOH	88		hole to be deepened
Borehole	Easting		Northing	From	To	Width	Grade
	UTM		UTM	(m)	(m)	(m)	ppm U3O8
RCGAO2	249125		6816067	19.81	42.67	22.86	111
				EOH	88		hole to be deepened

These results are very encouraging as they confirm the presence of mineralisation in large widths of uraniferous granite (alaskite) at depth. The drilling operations at Warmbad are under the supervision of Ralf Wartha, project geologist.

Uraniferous Body - Big Yellow

This elongated uraniferous granitic body has an outcropping strike length of approximately 3.5 kms and an apparent width greater than 300 metres. Drilling to date has concentrated on the south-eastern flank of the body. However two holes, the diamond drill hole DBY-2 and the RC hole RCBY-7, indicate the presence of higher grade mineralisation along the central axis of the body. A step out hole RCBY-11 has been drilled some 400 metres to the north-east of the hole RCBY-9. This hole (RCBY-11) intersected a thick succession of uraniferous granite and appears to indicate that the body extends further to the north east.

Uraniferous Body - Gaobis

This body has a strike length of some 4 kms and an apparent width of 900 metres. Four holes have been drilled in the central portion of the body. Further drilling will concentrate on the southern and northern portions of the body.

Drilling Program 2008

Drilling at Warmbad resumed on the 17th of January 2008. As previously mentioned (News Release Dated: December 18, 2007) the current exploration strategy adopted by the company entails the "grid" drilling of each uraniferous granite (alaskite) body to a depth of 200 metres. This will entail the drilling of between 10 and 15 vertical holes on each body. The company views this drilling program as a preliminary evaluation of each Alaskite. As of the end of January 2008 the company had a complement of 5 drilling rigs. This is made up of one contract RC rig, three company owned RC rigs and one company owned diamond drill rig. A second contract RC rig is expected by the middle of February 2008.
 
Drilling will be completed at Big Yellow shortly. Drilling will also continue at Gaobis and Energy Ridge and will start at Aluriesfontein in early February 2008. Following this the smaller RC units will be moved to Girtis and Houms River.

The table below lists each of the bodies discovered to date and their approximate outcrop size, a map showing the spatial distribution of these bodies can be seen on the company's website (www.xemplar.ca).
 

Fieldwork - 2008

Geological field mapping at Aluriesfontein has been carried out by the company's geologists during December 2007 and January 2008. They have concluded that the Aluriesfontein body appears to be a large intrusive batholith occupying an area of approximately 4 kms (North to South) by 4 kms (East to West). The intrusive is made up of predominantly coarse grained alaskite and to a lesser extent a fine even grained micro-Granite. The relation between these units is not clear; it is possible however that the micro-Granite is simply a thin capping, overlying the alaskite. Elsewhere at Aluriesfontein recent scree and sand covers the intrusive. As a result, the radiometric anomalies, especially in the middle of the body, are either subdued or absent. A truck mounted exploratory phase-one RC drill program will commence in early February 2008.

Field mapping of the Girtis Alaskite has commenced. Drilling will be carried out using the smaller RC rigs which are easily transported by helicopter. Because of the rugged nature of the terrain, all movement of rigs will require helicopter support.

Exclusive Prospecting License (EPL) - Status

The company is also pleased to announce that as of the 31st of January 2008 the Ministry of Mines and Energy has renewed all of the company's EPLs. These licenses have been extended from the original term of one year to an additional two years.

Mike Magrum, P.Eng., 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

“W.G. McDowall”
President and CEO

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