Kalahari Minerals PLC
30 April 2008

Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration

30 April 2008

                Kalahari Minerals plc ('Kalahari' or 'Company')

                        Holding in Extract Resources Ltd



Kalahari Minerals plc, the AIM listed mining exploration and evaluation group
with a portfolio of copper, base metal and uranium interests in Namibia, has,
through its wholly owned subsidiary Kalahari Uranium Limited, purchased
5,456,641 ordinary shares in Extract Resources Ltd (ASX and TSX: EXT) ("Extract
") for a price per share of AUD$1.05  on 30 April 2008.   Kalahari is now
interested in 72,156,641 ordinary shares in Extract representing approximately
39.11% of the total voting rights of Extract.



Kalahari recently raised £14.4 million (before expenses) by way of a placing
with institutional and private investors, to enable the Company to both develop
its copper and base metal projects in Namibia, and increase its stake in
Extract, which it sees as an important part of its growth strategy.  Extract's
Husab uranium project continues to generate highly encouraging results from its
aggressive exploration programme, returning zones of exceptional width and
grade.  With five rigs now working on the site at two key target areas, Extract
is focused on generating a maiden resource statement, which it anticipates
releasing in the near future.



Chairman Mark Hohnen said, "Having received considerable support from some major
institutions in our recent fundraising, I am delighted that we have been able to
utilise some of these funds as planned through this investment in Extract.  The
excellent results being reported on a regular basis give us confidence that
Extract has the potential to become a major new uranium player and we are
delighted to continue to support them through the development phase and
hopefully beyond."



                                  * * ENDS * *



For further information please visit www.kalahari-minerals.com or contact:

Mark Hohnen          Kalahari Minerals Plc         Tel: +61 (0) 893 672 111

Olly Cairns          Blue Oar Securities Plc       Tel: +61 (0)8 6430 1631
Romil Patel          Blue Oar Securities Plc       Tel: 020 7448 4400

Richard Chase        Ambrian Partners Limited      Tel: 020 7634 4700
Robert Collins/
Tim Redfern/

Neil Elliot          Evolution Securities Limited  Tel: 020 7071 4300
Isabel Crossley/

Victoria Thomas      St Brides Media & Finance Ltd Tel: 020 7236 1177



Notes

Kalahari Minerals Plc is an AIM listed mining and exploration group with a
portfolio of copper and base metal prospects within western and eastern central
Namibia. Two of the project areas, Dordabis and Witvlei, are prospective for
sediment hosted copper mineralisation consistent with the world class Zambian
Copper Belt. A third project, Ubib, is prospective for gold mineralisation and
is nearby the operating Navachab gold mine.



The Company also has a 90 per cent.  interest in the highly prospective Namib
Lead Zinc Project centred on the old Namib Lead Mine, which was an underground
operation from 1965 - 1992. Previous mine studies (non JORC compliant) indicate
surface tails and underground mining reserves of 1.65 million tonnes at 5.7 per
cent.  zinc, 1.6 per cent.  lead and 40.2 g/t silver. Kalahari aims to take the
project to bankable feasibility study stage with a view to re-commencing mining
operations in the short term.



Additionally, the Company holds a 39.11 per cent. interest in ASX and TSX listed
Extract Resources Limited, which is focused on uranium exploration. Its key
project is the Husab uranium project in Namibia where results from an ongoing
drilling programme reinforce the Company's belief that the area has a strong
potential to host an economic uranium deposit.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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