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Drills 41 Metres Grading 0.016% U3O8 at Warmbad Project's Aluriesfontein

posted on Mar 31, 2009 02:39PM
March 30, 2009
Xemplar Drills 41 Metres Grading 0.016% U3O8 at Warmbad Project's Aluriesfontein
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2009) - The Board of Directors of Xemplar Energy Corp. (TSX VENTURE:XE)(FRANKFURT:E7R)(NAMIBIA:XEM) ("Xemplar" or the "Company") is pleased to report the results for a further twelve drill holes from the Company's 2008 drill program on the Warmbad Uranium project in Namibia.

Company CEO, Simon Tam, and President, William (Mickey) Harley commented that "We are pleased with the progress of our drill program at Warmbad. We have identified eight zones of Rossing-style uranium mineralization and are in the process of extending the size of these zones. We are especially pleased with the drill results of our diamond drill core sample 'DDALU0004' from Aluriesfontein Area 3, where we encountered 92 metres of uranium mineralization with aggregate U3O8 grades greater than 100 parts per million, including a width of 41 metres grading 160.5 ppm and with one metre sections with U3O8 mineralization as high as 609 ppm."

Highlights of chemical assay results from the Company's drill program at Aluriesfontein include:

Aluriesfontein Area 3, Hole RCALU0066:

- 8 metres grading 110.7 ppm or 0.011% U3O8, from 67 metres to 75 metres.

- 7 metres grading 100.4 ppm or 0.010% U3O8, from 84 metres to 91 metres.

- 6 metres grading 128.2 ppm or 0.013% U3O8, from 117 metres to 123 metres.

Aluriesfontein Area 3, Hole RCALU0068:

- 14 metres grading 108.8 ppm or 0.011% U3O8 from 47 metres to 61 metres.

Aluriesfontein Area 3, Hole RCALU069:

- 10 metres grading 145.3 ppm or 0.015% U3O8, from 18 metres to 28 metres.

- 6 metres grading 110.5 ppm or 0.011% U3O8, from 52 metres to 58 metres.

- 7 metres grading 104.1 ppm or 0.010% U3O8, from 59 metres to 66 metres.

- 6 metres grading 120.1 ppm or 0.012% U3O8, from 107 metres to 113 metres.

Aluriesfontein Area 3, Hole RCALU0070:

- 7 metres grading 131.6 ppm or 0.013% U3O8, from 29 metres to 36 metres.

- 16 metres grading 122.0 ppm or 0.012% U3O8, from 103 metres to 119 metres (as reported on January 12, 2009).

- 6 metres grading 101.2 ppm or 0.010% U3O8, from 127 metres to 133 metres (as reported on January 12, 2009).

Aluriesfontein Area 5, Hole RCALU0076:

- 11 metres grading 98.5 ppm or 0.010% U3O8, from 147 metres to 158 metres, including 1 metre at 187.8 ppm or 0.019% from 155 metres to 156 metres, and including 1 metre at 184.0 ppm or 0.018% from 157 metres to 158 metres.

Aluriesfontein Area 5, Hole RCALU0077:

- 9 metres grading 115.8 ppm or 0.012% U3O8, from 63 metres to 72 metres.

- 13 metres grading 112.4 ppm or 0.011% U3O8, from 86 metres to 99 metres.

- 10 metres grading 104.2 ppm or 0.010% U3O8, from 108 metres to 118 metres.

- 10 metres grading 240.2 ppm or 0.024% U3O8 from 132 metres to 142 metres, including 3 metres at 583.8 ppm or 0.058% from 138 metres to 141 metres, and including 1 metre at 950.7 ppm or 0.095% from 139 metres to 140 metres.

Aluriesfontein Area 5, Hole RCALU0078:

- 7 metres grading 103.7 ppm or 0.010% U3O8, from 30 metres to 37 metres.

- 8 metres grading 100.6 ppm or 0.010% U3O8, from 63 metres to 71 metres.

- 8 metres grading 113.9 ppm or 0.011% U3O8, from 167 metres to 175 metres.

Aluriesfontein, Area 5, Hole RCALU0098

- 32 metres grading 106.6 ppm or 0.011% U3O8, from 67 metres to 99 metres.

- 6 metres grading 152.8 ppm or 0.015% U3O8, from 123 metres to 129 metres, including 1 metre at 365.5 ppm or 0.037% from 125 metres to 126 metres.

- 6 metres grading 102.8 ppm or 0.010% U3O8, from 144 metres to 150 metres.

- 17 meters grading 102.7 ppm or 0.010% U3O8, from 170 metres to 187 metres, including 1 metre at 266.7 ppm or 0.027% from 176 metres to 177 metres.

Aluriesfontein, Area 1, Hole RCALU0099

- 8 metres grading 104.4 ppm or 0.010% U3O8, from 88 metres to 96 metres.

Aluriesfontein, Area 5, Hole DDALU0003

- 25 metres grading 100.6 ppm or 0.010% U3O8, from 141 metres to 166 metres.

Aluriesfontein, Area 3, Hole DDALU0004

- 5 metres grading 159.0 ppm or 0.016% U3O8, from 26 metres to 31 metres.

- 5 metres grading 140.7 ppm or 0.014% U3O8, from 37 metres to 42 metres.

- 10 metres grading 102.9 ppm or 0.010% U3O8, from 46 metres to 56 metres.

- 5 metres grading 111.2 ppm or 0.011% U3O8, from 59 metres to 64 metres.

- 41 metres grading 160.5 ppm or 0.016% U3O8, from 80 metres to 121 metres, including 3 metres at 397.2 ppm or 0.040% from 109 metres to 112 metres, and including 416.3 ppm or 0.042% from 114 metres to 117 metres.

- 10 metres grading 120.9 ppm or 0.012% U3O8, from 139 metres to 149 metres.

- 16 metres grading 116.0 ppm or 0.012% U3O8, from 172 metres to 188 metres.

Aluriesfontein, Area 1, Hole DDALU0005

- 6 metres grading 135.2 ppm or 0.014% U3O8, from 37 metres to 43 metres.

- 5 metres grading 107.1 ppm or 0.011% U3O8, from 65 metres to 70 metres.

- 7 metres grading 152.6 ppm or 0.015% U3O8, from 114 metres to 121 metres.

Please refer to the assay tables in the appendix of this news release for a complete summary of chemical assay results from the above 12 holes, plus two others. Assays greater than 100 ppm, or 0.010% U3O8 over one metre are reported. Further assay results from the 2008 drill program are forthcoming.

Xemplar Energy continues to carry out a balanced exploration drill program combining definition and development drilling with the primary objective of defining a resource for its Warmbad project. The Company's strategy entails exploration drilling to identify additional zones of mineralization, drilling to extend the size of the eight zones of mineralization that has been discovered at Aluriesfontein and Big Yellow, and definition drilling to define a resource at one or more of the zones of mineralization the Company has identified.

About Xemplar Energy Corp.

Xemplar Energy Corp. is a Canadian-based resource company focused on uranium exploration in Namibia. Through Namura Mineral Resources Pty., its wholly-owned Windhoek, Namibia-based subsidiary, the Company currently holds Exploration Prospecting Licenses (EPL) for the Cape Cross, Aus, Garub and Warmbad properties totaling almost 7,500 square kilometers.

The primary focus of Xemplar Energy's work in Namibia is the Warmbad project, where the Company has been actively engaged in a drill program. Alaskitic rocks host the Rossing mine in Namibia, which produced 7% of the global production of uranium oxide in 2007.

With $15.5 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

Xemplar Energy Corp.

Appendix

Detailed Assay Results from Aluriesfontein (using a 100 parts per million (PPM) / 0.01% U3O8 cut-off grade)

------------------------------------------------------------------------
                                                     Grade
RCALU0066 -           From        To     Width  (parts per         Grade
 Area 3            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        50        51         1       134.4         0.013%
                    ----------------------------------------------------
                        53        54         1       113.8         0.011%
                    ----------------------------------------------------
                        65        66         1       119.3         0.012%
                    ----------------------------------------------------
                        67        75         8       110.7         0.011%
                    ----------------------------------------------------
Including               69        73         4       142.5         0.014%
                    ----------------------------------------------------
                        84        91         7       100.4         0.010%
                    ----------------------------------------------------
Including               85        87         2       137.9         0.014%
                    ----------------------------------------------------
Including               90        91         1       174.4         0.017%
                    ----------------------------------------------------
                       117       123         6       128.2         0.013%
                    ----------------------------------------------------
Including              121       123         2       187.4         0.019%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0067 -           From        To     Width  (parts per         Grade
 Area 3            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                       103       104         1       169.4         0.017%
                    ----------------------------------------------------
                       116       117         1       134.0         0.013%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0068 -           From        To     Width  (parts per         Grade
 Area 3            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        39        43         4        91.1         0.009%
                    ----------------------------------------------------
 Including              39        40         1       193.4         0.019%
                    ----------------------------------------------------
                        47        61        14       108.8         0.011%
                    ----------------------------------------------------
 Including              47        49         2       155.7         0.016%
                    ----------------------------------------------------
 Including              53        54         1       167.0         0.017%
                    ----------------------------------------------------
 Including              57        58         1       157.8         0.016%
                    ----------------------------------------------------
                        70        71         1       106.3         0.011%
                    ----------------------------------------------------
                        88        89         1       109.7         0.011%
                    ----------------------------------------------------
                        96        97         1       101.8         0.010%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0069 -           From        To     Width  (parts per         Grade 
 Area 3            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        18        28        10       145.3         0.015%
                    ----------------------------------------------------
 Including              20        21         1       209.0         0.021%
                    ----------------------------------------------------
 Including              25        27         2       208.0         0.021%
                    ----------------------------------------------------
                        34        35         1       100.3         0.010%
                    ----------------------------------------------------
                        52        58         6       110.5         0.011%
                    ----------------------------------------------------
                        59        66         7       104.1         0.010%
                    ----------------------------------------------------
                        89        91         2       118.7         0.012%
                    ----------------------------------------------------
                       107       113         6       120.1         0.012%
                    ----------------------------------------------------
 Including             110       112         2       194.5         0.019%
                    ----------------------------------------------------
                       184       185         1       107.0         0.011%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0070 -           From        To     Width  (parts per         Grade
 Area 3            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        29        36         7       131.6         0.013%
                    ----------------------------------------------------
 Including              29        31         2       315.2         0.032%
                    ----------------------------------------------------
                       103       119        16       122.0         0.012%
                                                                     (ii)
                    ----------------------------------------------------
                       127       133         6       101.2         0.010%
                                                                     (ii)
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0076 -           From        To     Width  (parts per         Grade
 Area 5            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        17        19         2       152.0         0.015%
                    ----------------------------------------------------
                       110       112         2       102.1         0.010%
                    ----------------------------------------------------
                       147       158        11        98.5         0.010%
                    ----------------------------------------------------
 Including             155       156         1       187.8         0.019%
                    ----------------------------------------------------
 Including             157       158         1       184.0         0.018%
                    ----------------------------------------------------
                       165       166         1       112.0         0.011%
                    ----------------------------------------------------
                       193       194         1       110.0         0.011%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0077 -           From        To     Width  (parts per         Grade
 Area 5            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        52        53         1       117.4         0.012%
                    ----------------------------------------------------
                        55        56         1       118.1         0.012%
                    ----------------------------------------------------
                        63        72         9       115.8         0.012%
                    ----------------------------------------------------
 Including              65        69         4       187.6         0.019%
                    ----------------------------------------------------
                        76        79         3       117.8         0.012%
                    ----------------------------------------------------
                        86        99        13       112.4         0.011%
                    ----------------------------------------------------
 Including              88        90         2       209.4         0.021%
                    ----------------------------------------------------
                        94        95         1       103.0         0.010%
                    ----------------------------------------------------
                       108       118        10       104.2         0.010%
                    ----------------------------------------------------
 Including             110       111         1       214.6         0.021%
                    ----------------------------------------------------
                       125       127         2       110.1         0.011%
                    ----------------------------------------------------
                       132       142        10       240.2         0.024%
                    ----------------------------------------------------
 Including             138       141         3       583.8         0.058%
                    ----------------------------------------------------
 Including             139       140         1       950.7         0.095%
                    ----------------------------------------------------
                       185       186         1       122.0         0.012%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0078 -           From        To     Width  (parts per         Grade
 Area 5            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        30        37         7       103.7         0.010%
                    ----------------------------------------------------
                        54        55         1       147.3         0.015%
                    ----------------------------------------------------
                        63        71         8       100.6         0.010%
                    ----------------------------------------------------
Including               70        71         1       220.4         0.022%
                    ----------------------------------------------------
                        94        95         1       103.0         0.010%
                    ----------------------------------------------------
                       125       127         2       110.1         0.011%
                    ----------------------------------------------------
                       167       175         8       113.9         0.011%
                    ----------------------------------------------------
Including              170       171         1       224.2         0.022%
                    ----------------------------------------------------
                       185       186         1       122.0         0.012%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0079 -           From        To     Width  (parts per         Grade
 Area 3            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        44        46         2       107.7         0.011%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0098 -           From        To     Width  (parts per         Grade
 Area 5            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                         8        10         2       107.2         0.011%
                    ----------------------------------------------------
                        67        99        32       106.6         0.011%
                    ----------------------------------------------------
 Including              85        96        11       217.3         0.022%
                    ----------------------------------------------------
 Including              89        90         1       210.4         0.021%
                    ----------------------------------------------------
 Including              94        96         2       200.8         0.020%
                    ----------------------------------------------------
 Including              97        98         1       207.6         0.021%
                    ----------------------------------------------------
                       105       118        13       182.5         0.018%
                    ----------------------------------------------------
 Including             106       107         1       274.3         0.027%
                    ----------------------------------------------------
 Including             108       114         6       268.8         0.027%
                    ----------------------------------------------------
 Including             111       112         1       332.0         0.033%
                    ----------------------------------------------------
 Including             113       114         1       410.2         0.041%
                    ----------------------------------------------------
                       123       129         6       152.8         0.153%
                    ----------------------------------------------------
 Including             124       127         3       253.7         0.025%
                    ----------------------------------------------------
 Including             125       126         1       365.5         0.037%
                    ----------------------------------------------------
                       144       150         6       102.8         0.010%
                    ----------------------------------------------------
                       170       187        17       102.7         0.010%
                    ----------------------------------------------------
 Including             172       173         1       193.4         0.019%
                    ----------------------------------------------------
 Including             176       177         1       266.7         0.027%
                    ----------------------------------------------------
                       192       195         3       118.9         0.012%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
RCALU0099 -           From        To     Width  (parts per         Grade
 Area 1            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        33        35         2       112.2         0.011%
                    ----------------------------------------------------
                        88        96         8       104.4         0.010%
                    ----------------------------------------------------
 Including              89        91         2       186.0         0.019%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
DDALU0003 -           From        To     Width  (parts per         Grade
 Area 5            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        25        27         2       138.7         0.014%
                    ----------------------------------------------------
                        33        36         3       115.8         0.012%
                    ----------------------------------------------------
                       115       116         1       113.2         0.011%
                    ----------------------------------------------------
                       141       166        25       100.6         0.010%
                    ----------------------------------------------------
                       175       178         3       131.6         0.013%
                    ----------------------------------------------------
                       193       195         2       105.1         0.011%
                    ----------------------------------------------------
                       221       222         1       120.1         0.012%
                    ----------------------------------------------------
                       228       229         1       132.0         0.013%
                    ----------------------------------------------------
                       245       246         1       150.7         0.015%
                    ----------------------------------------------------
                       256       257         1       102.5         0.010%
                    ----------------------------------------------------
                       272       274         2       105.9         0.011%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
DDALU0004 -           From        To     Width  (parts per         Grade
 Area 3            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                         9        11         2       121.3         0.012%
                    ----------------------------------------------------
                        26        31         5         159         0.016%
                    ----------------------------------------------------
 Including              28        29         1       220.3         0.022%
                    ----------------------------------------------------
 Including              30        31         1       283.7         0.028%
                    ----------------------------------------------------
                        37        42         5       140.7         0.014%
                    ----------------------------------------------------
                        46        56        10       102.9         0.010%
                    ----------------------------------------------------
                        59        64         5       111.2         0.011%
                    ----------------------------------------------------
                        72        76         4       104.8         0.010%
                    ----------------------------------------------------
                        80       121        41       160.5         0.016%
                    ----------------------------------------------------
 Including              93        94         1       254.6         0.255%
                    ----------------------------------------------------
 Including             108       121        13       290.6         0.029%
                    ----------------------------------------------------
 Including             109       112         3       397.2         0.040%
                    ----------------------------------------------------
 Including             114       117         3       416.3         0.042%
                    ----------------------------------------------------
                       135       137         2       202.9         0.020%
                    ----------------------------------------------------
                       139       149        10       120.9         0.012%
                    ----------------------------------------------------
                       159       162         3       130.8         0.013%
                    ----------------------------------------------------
 Including             159       160         1       227.6         0.023%
                    ----------------------------------------------------
                       172       188        16       116.0         0.012%
                    ----------------------------------------------------
 Including             174       175         1       221.3         0.022%
                    ----------------------------------------------------
 Including             178       179         1       200.3         0.020%
                    ----------------------------------------------------
 Including             186       187         1       609.5         0.061%
                    ----------------------------------------------------
                       190       193         3       227.2         0.023%
------------------------------------------------------------------------


------------------------------------------------------------------------
                                                     Grade
DDALU0005 -           From        To     Width  (parts per         Grade
 Area 1            (metres)  (metres)  (metres)    million)  (percentage)(i)
------------------------------------------------------------------------
                        28        29         1       195.8         0.020%
                    ----------------------------------------------------
                        37        43         6       135.2         0.014%
                    ----------------------------------------------------
                        44        45         1       234.5         0.023%
                    ----------------------------------------------------
                        51        53         2       108.5         0.011%
                    ----------------------------------------------------
                        60        63         3       146.0         0.015%
                    ----------------------------------------------------
                        65        70         5       107.1         0.011%
                    ----------------------------------------------------
                        74        76         2       106.4         0.011%
                    ----------------------------------------------------
                        78        81         3       102.4         0.010%
                    ----------------------------------------------------
                       114       121         7       152.6         0.015%
                    ----------------------------------------------------
 Including             116       117         1       248.6         0.025%
                    ----------------------------------------------------
 Including             119       120         1       208.1         0.021%
------------------------------------------------------------------------

(i)  Rounded to the nearest 1/1000th of percentile.
(ii) Previously reported in News Release, dated January 12, 2009.
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