Communicators

are winners!

News

31.03.2009
Xemplar Drills 41 Metres Grading 0.016% U3O8 at Warmbad Project’s Aluriesfontein

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

Vancouver, British Columbia, Canada, 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”
Simon Tam, CEO and Director
Xemplar Energy Corp.


To view the news release including detailed assay results, please follow the link:
http://www.irw-press.com/dokumente/Xemplar_DrillResults_090330_EN.pdf


Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. Xemplar Energy Corp. seeks safe harbor.




NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA9840071042

Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.
