News

Vancouver, February 7th, 2008 - Xemplar Energy Corp. (TSX-V: XE, Frankfurt: E7R, Namibia: XEM) is pleased to announce that with the results from the positive airborne radiometric survey (reported, October 15, 2007) and recent drilling results (reported February 4, 2008), the Company has achieved the completion of phases 1 and 2 of its planned work programs as set out in the Company's 43-101F1 Technical Report filed on www.sedar.com, dated May 4, 2006 by Roscoe Postle Associates Inc.

These results show the existence of 14 large uraniferous granite (alaskitic) bodies. These bodies cover a surface area of approximately 30 square kilometres. Surface sampling has shown (reported May 7, 2007) the bodies to be mineralised. An initial drilling program (reported February 4, 2008) has shown that at least two of these bodies extent to depth, in some cases in excess of 200 metres. The analysis of the drill samples from these holes has shown (reported February 4, 2008) that wide widths are mineralised. This sampling has also shown that portions of the bodies are not mineralised or have low grades, which is not unusual for these alaskitic occurrences. It must be stressed that this recent drilling program is only the beginning of a major drilling campaign to systematically test all of the bodies discovered to date. In this respect, these recent drill results are viewed by the company as being very encouraging.

Encouraged by the foregoing results, the Company has commenced a Phase 3 exploration program which will be comprised of a 40,000 metre definition drilling program over the Company's 14 uraniferous (alaskitic) bodies. This will involve the deployment of some 6 drilling rigs, the radiometric logging of all holes drilled, the sampling and chemical analysis of all cores and drill chips. Results in the form of equivalent uranium grades (eU3O8) from the radiometric logging program will be released as they become available, these equivalent uranium results will be contingent on the final chemical assay results. This work is directed at defining a possible resource/reserve estimate and a possible future feasibility study.

Contingent upon favorable results from Phase 3, the Company would then consider a Phase 4 program leading to a more targeted drilling programme with which to develop a resource.

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

Management will be hosting a conference call next week. Details regarding this will be announced shortly. Interested parties are welcome to join the call.

About Xemplar

Xemplar Energy Corp. ("XE" on the TSX Venture Exchange) is a Canadian-based company focused on uranium exploration. Xemplar seeks to identify, acquire and develop uranium projects worldwide that show promise of potentially economic grades and tonnages in a timely, responsible, and cost effective manner. The Company has combined a team of geologists and directors with extensive experience in uranium exploration, raising exploration capital and building shareholder value through new acquisitions and exploration success. The Company is well funded and has no long-term debt.

On behalf of the Board of Directors,
Xemplar Energy Corp

“W.G. McDowall”
President and CEO

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XEMPLAR BEGINS 40,000 M DEFINITION DRILLING PROGRAM