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

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

Board Changes

Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of copper, base metal and uranium interests in Namibia, announces that non- executive director Peter McIntyre will not be seeking re-election at the forthcoming AGM of the Company, notice of which has been sent to shareholders, and has stepped down from the Board with immediate effect to focus on other business interests, including the development of Extract Resources Limited (ASX and TSX: EXT) ("Extract").  

Chairman Mark Hohnen stated, "I would like to thank Peter for his advice and support since Kalahari's flotation on AIM in March 2006. During this time, the Company has changed beyond recognition, with a strengthened portfolio, rapidly advancing projects, and a growing reputation in both Namibia and in London. We look forward to continuing to work with Peter in his capacity as Managing Director of Extract, in which Kalahari has a 39.11% holding."

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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 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.

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