News

December 16 2008

Xemplar’s Warmbad Project Showing Mineralized Continuity – 29 Metres Grading 0.018%

Vancouver, British Columbia, Canada, December 16, 2008 – The Board of Directors of Xemplar Energy Corp. (TSX-Venture: XE, Frankfurt: E7R, Namibia: XEM) (“Xemplar” or the “Company”) is pleased to provide further drill hole chemical assay results from its Warmbad uranium exploration project in Namibia.

These results, coupled with previously announced drill results, have outlined eight zones showing uranium mineralization continuity at Aluriesfontein and Big Yellow (East, West and Centre). The management of Xemplar believes this to be a significant breakthrough in the development of the Warmbad project. As at Rossing, the Namibian uranium mine which contributed 7% of the global uranium oxide production in 2007, the alaskites at the Company’s Warmbad project are relatively thin-sheeted leucogranites (i.e., light colored granite rocks) which were layered within the country rocks. The geological groundwork and the drilling continue to confirm the widespread uranium mineralization on the property.

Highlights of chemical assay results from the Company’s drill program include:

Big Yellow West, Hole RCBYW0002:

• 5 metres grading 0.011% U3O8, from 91 metres to 96 metres, including 1 metre at 0.023% (from 93 metres to 94 metres).
• 5 metres grading 0.013% U3O8, from 122 metres to 127 metres, including 1 metre at 0.019% (from 131 metres to 132 metres).

Big Yellow West, Hole RCBYW0003:

• 5 metres grading 0.012%¹ U3O8 from 20 metres to 25 metres; including 2 metres at 0.019% (22 metres to 24 metres).
• 4 metres grading 0.011%² U3O8, from 78 metres to 82 metres.
• 5 metres grading 0.012% U3O8 from 101 metres to 106 metres.

Big Yellow West, Hole RCBYW0004:

• 12 metres grading 0.013%³ U3O8, from 28 metres to 40 metres, including 3 metres at 0.026% (from 32 metres to 35 metres).
• 4 metres grading 0.012% U3O8, from 50 metres to 54 metres, including 1 metre at 0.24% (from 53 metres to 54 metres).
• 6 metres grading 0.011% U3O8, from 139 metres to 145 metres, including 1 metre at 0.017% (from 139 metres to 140 metres).

Big Yellow West, Hole RCBYW0005:

• 6 metres grading 0.012%⁴ U3O8, from 60 metres to 66 metres, including 1 metre at 0.026% (from 60 metres to 61 metres).
• 6 metres grading 0.011%⁵ U3O8 from 69 metres to 75 metres, including 2 metres at 0.018% (71 metres to 73 metres).
• 6 metres at 0.011%⁶ U3O8, from 83 metres to 89 metres, including 1 metre at 0.023% (85 metres to 86 metres).

******************************

¹Result reported on November 11, 2008 as 2 metres at 0.019% (from 22 metres to 24 metres).
²Reported on November 11, 2008 as 2 metres at 0.011% (from 78 metres to 80 metres).
³Reported on November 11, 2008 as 7 metres at 0.018% (from 28 metres to 35 metres).
⁴Reported on November 11, 2008 as 1 metre at 0.026% (from 60 metres to 61 metres) and 2 metres at 0.014% (from 64 metres to 66 metres).
⁵Reported on November 11, 2008 as 2 metres at 0.018% (from 71 metres to 73 metres).
⁶Reported on November 11, 2008 as 1 metre at 0.015% (from 83 metres to 84 metres) and 1 metre at 0.023% (from 85 metres to 86 metres).

******************************

Big Yellow West, Hole RCBYW0008:

• 20 metres grading 0.012% U3O8, from 18 metres to 38 metres, including 1 metre at 0.020% (22 metres to 23 metres); 1 metres at 0.034% (25 metres to 26 metres); 1 metre at 0.017% (71 metres to 72 metres).
• 4 metres grading 0.023% U3O8, from 79 metres to 83 metres, including 2 metres at 0.040% (79 metres to 81 metres).
• 4 metres grading 0.012% U3O8, from 88 metres to 92 metres.
• 4 metres grading 0.018% U3O8, from 124 metres to 128 metres, including 1 metre at 0.025% (125 metres to 126 metres).
• 5 metres grading 0.010% U3O8, from 188 metres to 193 metres.

Big Yellow West, Hole RCBYW0009:

• 2 metres grading 0.021% U3O8, from 51 metres to 53 metres.
• 6 metres grading 0.013% U3O8, from 57 metres to 63 metres, including 2 metres at 0.021% (59 metres to 61 metres).
• 3 metres grading 0.011% U3O8, from 78 metres to 81 metres, including 1 metre at 0.022% (80 metres to 81 metres).

Big Yellow East, Hole RCBYE0042

• 5 metres grading 0.011% U3O8, from 25 metres to 30 metres, including 1 metre at 0.018% (27 metres to 28 metres).
• 5 metres grading 0.012% U3O8, from 43 metres to 48 metres, including 1 metres at 0.020% (43 metres to 44 metres).

Big Yellow East, Hole RCBYE0044

• 2 metres grading 0.031% U3O8, from 101 metres to 103 metres, including 1 metre at 0.048% (from 102 metres to 103 metres).

Big Yellow East, Hole RCBYE0047

• 5 metres grading 0.011% U3O8, from 10 metres to 15 metres.

Big Yellow East, Hole RCBYE0049

• 8 metres grading 0.025% U3O8, from 77 metres to 85 metres, including 4 metres at 0.041% (79 metres to 83 metres).
• 5 metres grading 0.011% U3O8, from 106 metres to 111 metres.

Big Yellow East, Hole RCBYE0050

• 6 metres grading 0.013% U3O8, from 2 metres to 8 metres, including 1 metre at 0.020% (4 metres to 5 metres).
• 15 metres grading 0.014% U3O8, from 91 metres to 106 metres, including 4 metres at 0.019% (97 metres to 101 metres); 1 metre at 0.023% (102 metres to 103 metres).
• 5 metres grading 0.011% U3O8, from 109 metres to 114 metres.

Big Yellow East, Hole RCBY0051

• 7 metres grading 0.012% U3O8, from 83 metres to 90 metres, including 1 metre at 0.021% (85 metres to 86 metres).

Big Yellow Centre, Hole RCBY0025

• 11 metres grading 0.014% U3O8, from 89 metres to 100 metres, including 1 metre at 0.035% (90 metres to 91 metres); 3 metres at 0.023% (97 metres to 100 metres).
• 6 metres grading 0.014% U3O8, from 113 metres to 119 metres, including 1 metre at 0.031% (117 metres to 118 metres).
• 11 metres grading 0.011% U3O8, from 124 metres to 135 metres, including 1 metre at 0.025% (125 metres to 126 metres); 1 metre at 0.024% (134 metres to 135 metres).

Big Yellow Centre, Hole RCBY0026

• 11 metres grading 0.010% U3O8, from 17 metres to 28 metres.
• 5 metres grading 0.012% U3O8, from 55 metres to 60 metres.
• 6 metres grading 0.021% U3O8, from 149 metres to 155 metres, including 1 metre at 0.033% (153 metres to 154 metres).
• 4 metres grading 0.011% U3O8, from 172 metres to 176 metres.

Big Yellow Centre, Hole RCBY0027

• 4 metres grading 0.010% U3O8, from 55 metres to 59 metres.
• 3 metres grading 0.011% U3O8, from 102 metres to 105 metres.
• 7 metres grading 0.013% U3O8, from 129 metres to 136 metres, including 2 metres at 0.021% (130 metres to 132 metres).

Aluriesfontein, Hole DDALU0001 (Diamond Drill Core)

• 9 metres grading 0.012% U3O8, from 3 metres to 12 metres, including 1 metre at 0.025% (10 metres to 11 metres).
• 7 metres grading 0.011% U3O8, from 15 metres to 22 metres, including 1 metre at 0.018% (21 metres to 22 metres).
• 2 metres grading 0.023% U3O8, from 37 metres to 39 metres.
• 2 metres grading 0.032% U3O8, from 44 metres to 46 metres.
• 4 metres grading 0.012% U3O8, from 94 metres to 98 metres.
• 5 metres grading 0.017% U3O8, from 184 metres to 189 metres, including 1 metre at 0.056% (186 to 187 metres).

Aluriesfontein, Hole RCALU0042

• A number of intervals 1 metre to 3 metres showing mineralization from 0.011% to 0.019% U3O8.

Aluriesfontein, Hole RCALU0044

• 8 metres grading 0.010% U3O8, from 26 metres to 34 metres, including 2 metres at 0.020% (31 metres to 33 metres).
• 14 metres grading 0.011% U3O8, from 45 metres to 59 metres, including 3 metres at 0.025% (55 metres to 58 metres).
• 6 metres grading 0.010% U3O8, from 61 metres to 67 metres.
• 3 meters grading 0.017% U3O8, from 123 metres to 126 metres, including 1 metre at 0.025% (125 metres to 126 metres).
• 6 metres grading 0.015% U3O8, from 133 metres to 139 metres, including 1 metre at 0.028% (133 metres to 134 metres).
• 4 metres grading 0.012% U3O8, from 155 metres to 159 metres.
• 18 metres grading 0.012% U3O8, from 166 metres to 184 metres, including 2 metres at 0.030% (172 metres to 174 metres).

Aluriesfontein, Hole RCAL0047

• 6 metres grading 0.011% U3O8, from 21 metres to 27 metres.
• 6 metres grading 0.014% U3O8, from 49 metres to 55 metres, including 2 metres at 0.021% (52 metres to 54 metres).
• 6 metres grading 0.022% U3O8, from 78 metres to 84 metres, including 1 metre at 0.062% (83 metres to 84 metres).
• 5 metres grading 0.010% U3O8, from 149 metres to 154 metres.

Aluriesfontein, Hole RCALU0048

• 4 metres grading 0.013% U3O8, from 9 metres to 13 metres.
• 4 metres grading 0.011% U3O8, from 67 metres to 71 metres.
• 6 metres grading 0.010% U3O8, from 123 metres to 129 metres, including 1 metre at 0.021% (124 metres to 125 metres).
• Aluriesfontein, Hole RCALU0049
• 3 metres grading 0.010% U3O8, from 67 metres to 70 metres.
• 5 metres grading 0.011% U3O8, from 131 metres to 136 metres.

Aluriesfontein, Hole RCALU0050

• 14 metres grading 0.011% U3O8, from 46 metres to 60 metres, including 2 metres at 0.025% (52 metres to 54 metres).
• 4 metres grading 0.011% U3O8, from 68 metres to 72 metres.
• 8 metres grading 0.015% U3O8, from 75 metres to 83 metres, including 2 metres at 0.020% (79 metres to 81 metres).
• 14 metres grading 0.013% U3O8, from 116 metres to 130 metres, including 2 metres at 0.022% (120 metres to 122 metres).

Aluriesfontein, Hole RCALU0052

• 7 metres grading 0.010% U3O8, from 48 metres to 55 metres.
• 4 metres grading 0.011% U3O8, from 65 metres to 69 metres.
• 9 metres grading 0.018% U3O8, from 95 metres to 104 metres, including 2 metres at 0.031% (96 metres to 98 metres); 2metres at 0.026% (101 metres to 103 metres)
• 7 metres grading 0.010% U3O8 from 116 metres to 123 metres.
• 18 metres grading 0.014% U3O8, from 145 metres to 163 metres, including 1 metre at 0.023% (156 metres to 157 metres); including 1 metre at 0.025% (161 metres to 162 metres).

Aluriesfontein, Hole RCALU0053

• 4 metres grading 0.010% U3O8, from 27 metres to 31 metres.

Aluriesfontein, Hole RCALU0054

• 6 metres grading 0.011% U3O8, from 13 metres to 19 metres.
• 5 metres grading 0.012% U3O8, from 89 metres to 94 metres.
• 4 metres grading 0.010% U3O8, from 99 metres to 103 metres.

Aluriesfontein, Hole RCALU0055

• 5 metres grading 0.010% U3O8, from 41 metres to 46 metres, including 1 metre at 0.022% (44 metres to 45 metres).
• 5 metres grading 0.012% U3O8, from 74 metres to 79 metres, including 1 metre at 0.029% (78 metres to 79 metres).

Aluriesfontein, Hole RCALU0056

• 4 metres grading 0.015% U3O8, from 40 metres to 44 metres, including 1 metre at 0.039% (40 metres to 41 metres).
• 2 metres grading 0.016% U3O8, from 51 metres to 53 metres.
• 5 metres grading 0.011% U3O8, from 160 metres to 165 metres.

Aluriesfontein, Hole RCALU0057

• 4 metres grading 0.011% U3O8, from 70 metres to 74 metres.
• 3 metres grading 0.011% U3O8, from 77 metres to 80 metres.
• 10 metres grading 0.010% U3O8, from 88 metres to 98 metres.
• 15 metres grading 0.011%U3O8, from 122 metres to 137 metres, including 4 metres at 0.019% (128 metres to 132 metres).

Aluriesfontein, Hole RCALU0058

• 4 metres grading 0.013% U3O8, from 14 metres to 18 metres.
• 2 metres grading 0.018% U3O8, from 29 metres to 31 metres.
• 4 metres grading 0.011% U3O8, from 119 metres to 123 metres.

Aluriesfontein, Hole RCALU0059

• 4 metres grading 0.011% U3O8, from 76 metres to 80 metres, including 1 metre at 0.024% (76 metres to 77 metres).
• 6 metres grading 0.017% U3O8, from 88 metres to 94 metres, including 1 metre at 0.034% (88 metres to 89 metres).
• 11 metres grading 0.012% U3O8, from 100 metres to 111 metres, including 1 metre at 0.025% (106 metres to 107 metres).
• 4 metres grading 0.011% U3O8, from 115 metres to 119 metres.
• 7 metres grading 0.012% U3O8, from 160 to 167 metres, including 1 metre at 0.034% (165 metres to 166 metres).

Aluriesfontein, Hole RCALU0060

• 5 metres grading 0.012% U3O8, from 22 metres to 27 metres, including 1 metre at 0.022% (24 metres to 25 metres).
• 9 metres grading 0.010% U3O8, from 43 metres to 52 metres.
• 29 metres grading 0.018% U3O8, from 60 metres to 89 metres, including 2 metres at 0.021% (64 metres to 66 metres); 3 metres at 0.071% (71 metres to 74 metres); 1 metre at 0.135% (73 metres to 74 metres).
• 4 metres grading 0.014% U3O8, from 194 metres to 198 metres.

Aluriesfontein, Hole RCALU0061

• 5 metres grading 0.017% U3O8, from 69 metres to 74 metres.
• 2 metres grading 0.029% U3O8, from 71 metres to 73 metres.

Aluriesfontein, RCALU0071

• 12 metres grading 0.011% U3O8, from 106 metres to 118 metres, including 1 metre at 0.022% (108 metres to 109 metres).
• 4 metres grading 0.011% U3O8, from 120 metres to 124 metres.
• 6 metres grading 0.022% U3O8, from 138 metres to 144 metres, including 4 metres at 0.030% (138 metres to 142 metres).
• 16 metres grading 0.012% U3O8, from 145 metres to 161 metres, including 2 metres at 0.028% (148 metres to 150 metres); and including 1 metre at 0.020% (151 metres to 152 metres).
• 4 metres grading 0.037% U3O8, from 165 metres 169 metres, including 1 metre at 0.086% (165 metres to 166 metres).

Aluriesfontein, RCALU0072

• 13 metres at 0.011% U3O8, from 10 metres to 23 metres, including 1 metre at 0.025% (10 metres to 11 metres).
• 35 metres at 0.013% U3O8, from 52 metres to 87 metres, including 1 metre at 0.024% (63 metres to 64 metres); including 3 metres at 0.020% (66 metres to 69 metres); including 10 metres at 0.020% (from 73 metres to 83 metres); including 1 metre at 0.045% (from 76 metres to 77 metres).
• 8 metres at 0.012% U3O8, from 169 metres to 177 metres, including 1 metre at 0.022% (from 170 metres to 171 metres).

Aluriesfontein, RCALU0073

• 18 metres at 0.011% U3O8, from 104 metres to 122 metres, including 1 metre at 0.026% (117 metres to 118 metres); 1 metre at 0.021% (119 metres to 120 metres).
• 8 metres at 0.010% U3O8, from 126 metres to 134 metres.
• 5 metres at 0.011% U3O8, from 157 metres to 163 metres, including 1 metre at 0.027% (157 metres to 158 metres).
• 5 metres at 0.010% U3O8, from 167 metres to 172 metres.
• 4 metres at 0.010% U3O8, from 174 metres to 178 metres.
• 13 metres at 0.014% U3O8, from 184 metres to 197 metres, including 3 metres at 0.023% (191 metres to 194 metres).

Aluriesfontein, RCALU0074

• 13 metres at 0.011% U3O8, from 17 metres to 30 metres, including 2 metres at 0.021% (26 metres to 28 metres).
• 5 metres at 0.010% U3O8, from 58 metres to 63 metres.
• 7 metres at 0.011% U3O8, from 71 metres to 78 metres.

Please refer to the tables in the appendix of this news release for a summary of all assay results greater than 100 parts per million, or 0.010% U3O8 over one metre.

The Company continues to aggressively conduct its first phase of exploration drilling and evaluation of all of the alaskitic bodies on the Warmbad project and is on target to complete 40,000 metres of drilling at Warmbad by year end.

About Xemplar Energy Corp.

Xemplar Energy Corp. is a Canadian-based resource company focused on uranium exploration in Namibia. The Company holds a 100% interests in uranium properties in the Engo Valley, Cape Cross, Aus-Garub and Warmbad regions through its wholly owned subsidiary Windhoek, Namibia-based Namura Mineral Resources Pty. The Company currently holds Exploration Prospecting Licenses (EPL) for its Cape Cross, Aus, Garub and Warmbad properties totaling 7,382 square kilometers.

The primary focus of Xemplar Energy’s work in Namibia is the Warmbad project, where the Company has been actively engaged in an exploration drilling program where significant uranium mineralization is being encountered. The company had originally identified 14 large, anomalously radiometric alaskitic bodies, which has since been redefined as five larger bodies as some of the original alakite bodies merge with each other. Of these, the Aluriesfontein is the largest, covering 36 square kilometres. Alaskitic rocks also host the Rossing mine in Namibia, which produced 3,046 tonnes, representing 7% of the global production of uranium oxide in 2007.

With $16.0 million (CDN) cash on hand, the Company is in a strong financial position to execute its exploration programs for the next 24 months.

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.

Simon Tam,
CEO and Director

Appendix

Appendix 1 - Detailed Assay Results (using a 100 parts per million <PPM> / 0.01% U3O8 cut-off grade)

Big Yellow West

Drill Hole	From (metres)	To (metres)	Width (metres)	Grade PPM U3O8	Grade Pct. U3O8º
RCBYW0002	21	35	14*	104.7	0.010%
includes	24	26	2*	152.0	0.015%
includes	29	30	1*	156.7	0.016%
	34	35	1*	116.1	0.012%
	40	43	3*	140.1	0.014%
	46	47	1*	123.2	0.012%
	49	51	2*	149.9	0.015%
	54	55	1*	102.6	0.010%
	83	85	2	129.2	0.013%
	91	96	5	111.3	0.011%
includes	93	94	1	233.3	0.023%
	122	127	5	130.3	0.013%
	131	132	1	185.2	0.019%
RCBYW0003	20	25	5**	122.4	0.012%
includes	22	24	2**	194.7	0.019%
	31	32	1*	110.8	0.011%
	78	82	4**	111.6	0.011%
includes	81	82	1*	142.2	0.014%
	101	106	5	122.8	0.012%
RCBYW0004	28	40	12**	134.9	0.013%
includes	32	35	3*	260.2	0.026%
	50	54	4	120.8	0.012%
includes	53	54	1	241.1	0.024%
	125	126	1	109.8	0.011%
	128	131	3	118.9	0.012%
includes	129	130	1	180.4	0.018%
	136	137	1	105.7	0.011%
	139	145	6	112.9	0.011%
includes	139	140	1	172.6	0.017%
	186	187	1*	128.3	0.013%
	196	198	2*	133.7	0.013%
RCBYW0005	60	66	6**	117.5	0.012%
includes	60	61	1*	264.4	0.026%
includes	64	66	2*	144.4	0.014%
	69	75	6**	113.3	0.011%
includes	71	73	2*	182.7	0.018%
	83	89	6**	106.5	0.011%
includes	85	86	1*	233.0	0.023%
RCBYW0008	12	14	2	152.5	0.015%
	18	38	20	122.0	0.012%
includes	22	23	1	200.3	0.020%
includes	25	26	1	336.7	0.034%
	71	72	1	174.3	0.017%
	79	83	4	231.9	0.023%
includes	79	81	2	397.2	0.040%
	88	92	4	121.9	0.012%
includes	90	91	1	189.1	0.019%
	120	121	1	120.0	0.012%
	124	128	4	180.4	0.018%
includes	125	126	1	252.7	0.025%
	188	193	5	100.6	0.010%
RCBYW0009	51	53	2	213.4	0.021%
	57	63	6	129.0	0.013%
includes	59	61	2	208.7	0.021%
	71	72	1	116.0	0.012%
	78	81	3	111.5	0.011%
includes	80	81	1	222.7	0.022%

Big Yellow East

Drill Hole	From (metres)	To (metres)	Width (metres)	Grade PPM U3O8	Grade Pct. U3O8º
RCBYE0040	38	41	3	107.6	0.011%
	100	102	2	130.4	0.013%
RCBYE0042	25	30	5	111.1	0.011%
includes	27	28	1	177.0	0.018%
	35	37	2	107.0	0.011%
	43	48	5	117.0	0.012%
includes	43	44	1	196.9	0.020%
RCBYE0044	29	35	6*	148.8	0.015%
includes	33	34	1*	268.4	0.027%
	86	87	1*	151	0.015%
	101	103	2	313.1	0.031%
includes	102	103	1	481.2	0.048%
RCBYE0045	91	93	2	146.8	0.015%
	130	131	1	212.6	0.021%
RCBYE0047	10	15	5	105.5	0.011%
	17	19	2	117.6	0.012%
RCBYE0049	77	85	8	250.6	0.025%
includes	79	83	4	413.2	0.041%
	106	111	5	109.9	0.011%
RCBYE0050	2	8	6	127.1	0.013%
includes	4	5	1	196.0	0.020%
	91	106	15	140.2	0.014%
includes	97	101	4	191.4	0.019%
includes	102	103	1	227.6	0.023%
	109	114	5	113.5	0.011%
RCBYE0051	64	66	2	156.1	0.016%
	75	77	2	110.8	0.011%
	83	90	7	123.0	0.012%
includes	85	86	1	211.0	0.021%
	126	127	1	107.4	0.011%
	129	131	2	102.9	0.010%
RCBYE0052	16	19	3	115.8	0.012%

Big Yellow Centre

Drill Hole	From (metres)	To (metres)	Width (metres)	Grade PPM U3O8	Grade Pct. U3O8º
RCBY0025	71	73	2	148.8	0.015%
	89	100	11	141.4	0.014%
includes	90	91	1	347.1	0.035%
includes	97	100	3	228.6	0.023%
	104	105	1	113.2	0.011%
	113	119	6	136.2	0.014%
includes	117	118	1	305.4	0.031%
	124	135	11	108.9	0.011%
includes	125	126	1	245.6	0.025%
includes	134	135	1	236.7	0.024%
	138	139	1	110.5	0.011%
RCBY0026	17	28	11	101.6	0.010%
	41	43	2	106.7	0.011%
	55	60	5	123.4	0.012%
	81	83	2	108.6	0.011%
	149	155	6	214.8	0.021%
includes	153	154	1	326.7	0.033%
	172	176	4	109.8	0.011%
RCBY0027	21	22	1	101.3	0.010%
	30	32	2	113.9	0.011%
	55	59	4	103.2	0.010%
	63	64	1	103.9	0.010%
	102	105	3	114.5	0.011%
	129	136	7	133.3	0.013%
includes	130	132	2	205.4	0.021%

Aluriesfontein

Drill Hole	From (metres)	To (metres)	Width (metres)	Grade PPM U3O8	Grade Pct. U3O8º
DDALU0001	3	12	9	121.6	0.012%
includes	10	11	1	249.4	0.025%
	15	22	7	114.4	0.011%
includes	21	22	1	181.9	0.018%
	37	39	2	230.8	0.023%
	44	46	2	316.8	0.032%
	52	55	3	104.5	0.010%
	76	79	3	119.9	0.012%
	94	98	4	116.8	0.012%
	124	126	2	125.9	0.013%
	128	129	1	134.8	0.013%
	130	131	1	155.2	0.016%
	184	189	5	169.8	0.017%
includes	186	187	1	557.0	0.056%
RCALU0041	19	21	2	119.4	0.012%
	30	31	1	103.2	0.010%
	71	72	1	147.7	0.015%
RCALU0042	13	16	3	105.7	0.011%
	18	19	1	116.6	0.012%
	23	24	1	185.4	0.019%
	26	29	3	121.1	0.012%
	33	35	2	114.4	0.011%
	37	40	3	159.0	0.016%
RCALU0044	15	16	1	116.0	0.012%
	21	22	1	113.9	0.011%
	26	34	8	105.1	0.011%
includes	31	33	2	200.9	0.020%
	45	59	14	113.0	0.011%
includes	55	58	3	254.2	0.025%
	61	67	6	100.6	0.010%
	76	77	1	113.9	0.011%
	82	83	1	115.1	0.012%
	123	126	3	165.5	0.017%
includes	125	126	1	246.5	0.025%
	133	139	6	151.2	0.015%
includes	133	134	1	276.6	0.028%
	155	159	4	123.8	0.012%
	166	184	18	117.4	0.012%
includes	172	174	2	303.2	0.030%
	189	192	3	108.1	0.011%
RACLU0047	21	27	6	107.9	0.011%
	33	34	1	106.7	0.011%
	45	46	1	101.0	0.010%
	49	55	6	135.7	0.014%
includes	52	54	2	211.1	0.021%
	58	60	2	103.7	0.010%
	62	63	1	107.3	0.011%
	78	84	6	218.4	0.022%
includes	80	82	2	207.2	0.021%
includes	83	84	1	623.1	0.062%
	144	146	2	101.5	0.010%
	149	154	5	102.2	0.010%
	171	172	1	153.7	0.015%
RACLU0048	3	5	2	102.4	0.010%
	9	13	4	129.4	0.013%
	16	18	2	115.5	0.012%
	19	20	1	123.7	0.012%
	38	41	3	104.5	0.010%
	54	56	2	106.9	0.011%
	67	71	4	107.5	0.011%
	123	129	6	102.1	0.010%
includes	124	125	1	207.4	0.021%
RACLU0049	15	17	2	105.3	0.011%
	67	70	3	101.4	0.010%
	131	136	5	105.3	0.011%
RACLU0050	46	60	14	105.9	0.011%
includes	52	54	2	245.6	0.025%
	68	72	4	106.0	0.011%
	75	83	8	148.8	0.015%
includes	79	81	2	196.2	0.020%
	116	130	14	134.4	0.013%
includes	120	122	2	219.8	0.022%
	139	142	3	117.8	0.012%
	162	164	2	119.4	0.012%
RACLU0052	48	55	7	104.6	0.010%
	57	58	1	114.2	0.011%
	65	69	4	107.6	0.011%
	95	104	9	182.3	0.018%
includes	96	98	2	312.5	0.031%
includes	101	103	2	264.4	0.026%
	110	111	1	119.3	0.012%
	116	123	7	101.8	0.010%
	136	137	1	117.6	0.012%
	145	163	18	137.6	0.014%
includes	156	157	1	225.5	0.023%
includes	161	162	2	247.6	0.025%
RACLU0053	27	31	4	102.2	0.010%
	32	33	1	104.1	0.010%
RACLU0054	13	19	6	111.6	0.011%
	28	29	1	124.8	0.012%
	37	39	2	117.0	0.012%
	89	94	5	116.2	0.012%
	99	103	4	102.1	0.010%
	109	110	1	149.8	0.015%
	116	117	1	110.3	0.011%
	128	129	1	308.2	0.031%
RACLU0055	28	30	2	128.1	0.013%
	41	46	5	103.7	0.010%
includes	44	45	1	219.0	0.022%
	69	71	2	127.7	0.013%
	74	79	5	123.4	0.012%
includes	78	79	1	292.7	0.029%
RACLU0056	17	18	1	117.6	0.012%
	20	21	1	119.1	0.012%
	27	28	1	140.0	0.014%
	40	44	4	153.2	0.015%
includes	40	41	1	393.6	0.039%
	51	53	2	156.2	0.016%
	108	110	2	115.0	0.011%
	160	165	5	114.6	0.011%
RACLU0057	65	66	1	118.1	0.012%
	70	74	4	113.3	0.011%
	77	80	3	113.9	0.011%
	88	98	10	101.4	0.010%
	122	137	15	114.3	0.011%
includes	128	132	4	188.7	0.019%
RACLU0058	14	18	4	130.3	0.013%
	29	31	2	176.1	0.018%
	87	88	1	105.9	0.011%
	119	123	4	110.6	0.011%
RACLU0059	76	80	4	108.7	0.011%
includes	76	77	1	240.3	0.024%
	88	94	6	168.8	0.017%
includes	88	89	1	339.2	0.034%
	100	111	11	117.1	0.012%
includes	106	107	1	248.6	0.025%
	115	119	4	109.3	0.011%
	153	154	1	101.3	0.010%
	160	167	7	118.5	0.012%
includes	165	166	1	335.3	0.034%
RACLU0060	22	27	5	117.4	0.012%
	24	25	1	220.2	0.022%
	36	37	1	104.8	0.010%
	43	52	9	100.9	0.010%
	60	89	29	178.3	0.018%
includes	64	66	2	213.7	0.021%
includes	71	74	3	705.6	0.071%
includes	73	74	1	1350.4	0.135%
	97	98	1	130.6	0.013%
	100	101	1	104.7	0.010%
	194	198	4	138.1	0.014%
RACLU0061	69	74	5	166.8	0.017%
includes	71	73	2	287.8	0.029%
	101	102	1	116.4	0.012%
RACLU0071	106	118	12	111.8	0.011%
includes	108	109	1	219.0	0.022%
	120	124	4	111.5	0.011%
	138	144	6	223.9	0.022%
includes	138	142	4	301.8	0.030%
	145	161	16	116.5	0.012%
includes	148	150	2	275.6	0.028%
includes	151	152	1	203.3	0.020%
	165	169	4	372.3	0.037%
includes	165	166	1	862.3	0.086%
	171	173	2	122.2	0.012%
RACLU0072	10	23	13	109.0	0.011%
includes	10	11	1	247.8	0.025%
	52	87	35	132.0	0.013%
includes	63	64	1	239.8	0.024%
includes	66	69	3	200.8	0.020%
includes	73	83	10	203.5	0.020%
includes	76	77	1	449.4	0.045%
	92	94	2	103.2	0.010%
	169	177	8	121.1	0.012%
includes	170	171	1	217.4	0.022%
RACLU0073	75	77	2	132.5	0.013%
	104	122	18	110.7	0.011%
includes	117	118	1	264.9	0.026%
includes	119	120	1	206.1	0.021%
	126	134	8	102.2	0.010%
	145	146	1	173.7	0.017%
	155	156	1	132.2	0.013%
	157	163	5	107.0	0.011%
includes	157	158	1	266.5	0.027%
	163	164	1	104.9	0.010%
	167	172	5	103.0	0.010%
	174	178	4	106.5	0.011%
	184	197	13	143.2	0.014%
includes	191	194	3	232.8	0.023%
RACLU0074	17	30	13	110.0	0.011%
includes	26	28	2	210.8	0.021%
	35	37	2	105.7	0.011%
	58	63	5	101.3	0.010%
	67	69	2	119.2	0.012%
	71	78	7	106.5	0.011%
	118	120	2	116.3	0.012%

*Previously reported in November 11, 2008 News Release
**Revised reporting from November 11, 2008 News Release
ºGrade reported as percentage has been rounded to the nearest 1/1000th percentile.

Appendix 2 - Interpretation of Chemical Assay Results

All samples were analyzed for U3O8 at Set Point Laboratories in Isando, South Africa. The reader is cautioned to view chemical assay results as a collective set of data (please refer to past news releases for other drill results), and not to draw conclusions based on the results presented in each news release independent of each other.

The objective of the first phase of drilling, which the Company is currently undertaking, is to outline mineralized bodies at the Warmbad project. Given the vast size of the Warmbad project, this phase of drilling will continue beyond the initial 40,000 metres that was targeted for completion in 2008. As the Company outlines mineralized bodies, additional drilling will take place (on the outlined mineralized bodies) in conjunction with exploratory drilling at other alaskite bodies at the Warmbad project.

Though the exploration program at the Warmbad project is in the early stages, the cumulative results of the first phase of the ongoing drill program are encouraging. The results show mineralization to depth and are allowing the Company to define outlines of the mineralized bodies. These early-stage drilling results show that relatively thin sheets of alaskite with uranium mineralization are present in a setting similar to the Rossing uranium mine in Namibia, that produced 3,046 tonnes of uranium oxide in 2007 (7% global production, making it the fifth largest uranium mine in the world).

The Company utilizes a cut off point of 100 parts per million (or 0.01%) U3O8 for its public reporting; so in some cases, there are intervals that show mineralization that are not reported. The data that is not reported is of tremendous value to the Company as it is utilized to assist in outlining the mineralized bodies.

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