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Helicopter-borne geophysical survey for Corhill Uranium Property

Xemplar Energy Corp. (the "Company") wishes to announce that pursuant to the Option Agreement signed with Garuda Ventures Canada Inc. ("Garuda") that allows Garuda to acquire 70 percent interest in Xemplar's Corhill uranium-gold-platinum property located in the Northwest Territories (the "Corhill Property"), Garuda will carry out a helicopter-borne geophysical survey for 1518 line kilometres over the Corhill Property. Garuda has contracted Geotech Limited to execute an airborne VTEM (time-domain electromagnetic and magnetic) survey for the purposes of investigating the mineral potential over the property. The contract includes data processing and mapping, performed by experienced geophysicists, using the latest computer technology and state-of-the-art software. Field preliminary maps will be prepared progressively throughout the actual survey flying.

The Corhill Property comprises 18 mineral claims and covers 30,628 acres. The claims straddle the Northwest Territories / Nunavut border and are approximately 312 miles NNW of Yellowknife and 90 miles SW of Kugluktuk (formerly named Coppermine).

The property holds potential for Athabasca Basin-type unconformity uranium deposits and the genetically related Coronation Hill (Australia) type mineralization with associated gold and platinum group metals. The Corhill Property does not have any substantiated mineral deposits or proven reserves of minerals. Garuda Ventures intends to carry out preliminary exploration work to ascertain whether the claims warrant advanced exploration to determine whether they possess commercially exploitable deposits of uranium, gold or platinum group metals. The current survey is part of this process.

The region was initially explored for radium due to the discovery of the radium mines at Port Radium. Subsequent exploration efforts focused on uranium potential and in the 1970's a number of uranium showings were identified, including two occurrences which are located on the property.

Xemplar Energy Corp.

Craig Walker
Director

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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