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

5 June 2008

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

Strong uranium mineralisation continues to be intersected   along-strike at Rossing South

Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of copper and base metal prospects in Namibia, is pleased to provide an update released by Extract Resources Ltd ('Extract' or 'the Company'), in which Kalahari's subsidiary, Kalahari Uranium Limited, holds a 39.11% interest. This update concerns results obtained from recent drilling undertaken at Rossing South.

Extract Resources (TSX:EXT;ASX:EXT), a Uranium exploration company with projects in Namibia, Africa, today announced that down hole spectral logging of recently completed Reverse Circulation drill holes at Rossing South continues to intersect significant uranium intersections.

These additional intersections further support the Company's view that a large high grade alaskite dyke swarm is present under alluvial cover at Rossing South. 

Deep RC drilling to date now covers four kilometres of strike length on a line spacing varying from 1.6 kilometres to 400 metres. Angled holes are sited at 80 metre intervals along drill lines. Potentially economic uranium mineralisation has been returned from every drill traverse tested to date. The mineralisation remains open to the north and south and at depth.

Standout intersections returned from the most recent down hole spectrometer surveys include:

Note: eU308 refers to equivalent U308 grade derived from spectral gamma logging.

The downhole logging was performed by Terratec Geophysical Services, a Namibian based geophysical contractor using a spectral logging tool which has been recently calibrated at the Pelindaba facility in South Africa. It should be noted that spectral radiometric assays remain provisional until chemical assays can be returned.    

Hand held spectrometer readings taken from the bulk RC samples collected on surface indicate that broad zones of uranium mineralisation continue to be intersected within uraniferous alaskite. 

Drilling will continue at Rossing South, with two Reverse Circulation drill rigs testing the boundaries of this large mineralised system. A core rig will also be mobilised to Rossing South to extend RC holes that have reached their depth capacity and where the hole has ended in mineralisation. 

A plan highlighting the drilling that has been completed to date showing the Rossing Mine stratigraphy trending into Extract's Husab licence and under the Namib Desert cover can be found at www.extractresources.com

* * 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 / Romil Patel                 Blue Oar Securities Plc                 Tel: +61 (0) 86430 1631 / 020 7448 4400

Richard Chase                                Ambrian Partners                         Tel: 020 7634 4700

Robert Collins / Neil Elliot                Evolution Securities Ltd                 Tel: 020 7071 4300

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

TABLE OF NEW RESULTS

Husab Project - Rossing South Prospect: RC drilling down hole spectrometer results. Uranium intersections greater than 0.1 kg/t (100 ppm) eU3O8 over drill hole intersection widths of not less than 2 metres down hole width:

Notes:

• Metal values (U) have been converted to oxide values (U3O8) using a factor of 1.179, and expressed as kg/t U3O8. Note that 100 ppm U3O8 is equivalent to 0.1 kg/t U3O8, which is 0.01% U3O8.

• Intersection widths are estimated to be approximately true width.

• Assays reported as eU3O8 (uranium equivalent grades) were logged by calibrated down hole spectrometer by Terratec Geophysical Services, Namibia. Radiometric (spectral) assays should be regarded as provisional.

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Martin Spivey, who is a Member of The Australasian Institute of Mining and Metallurgy and Mr Andrew Penkethman who is a Member of the Australian Institute of Geoscientists. Mr Spivey and Mr Penkethman are both full time employees of the Company. Mr Spivey and Mr Penkethman have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Spivey and Mr Penkethman consent to the inclusion in this report of the matters based on their information in the form and context in which it appears. 

Reference to down hole spectrometer results in this announcement refers to data collected by consulting geophysical contractor Terratec Geophysical Services undertaking down hole logging with a Gamma Ray Spectrometer (GRS42). This unit was calibrated at the Pelindaba facility in South Africa before arriving on site. The uranium values are recorded as parts per million (ppm) eU3O8 which is equivalent to ppm U3O8. Whilst results from this unit provide an indication of uranium mineralisation present they may also be affected by uranium mobility and disequilibrium. These factors should be considered when interpreting eU information while waiting for confirmation chemical assay results.

Reference to hand held spectrometer results refers to use of a Company owned Exploranium, GR-135 Plus, hand held spectrometer. The uranium values are recorded by placing the unit on the bulk RC sample bags and expressed as parts per million (ppm) eU which is equivalent to ppm U. Results from these units provide an indication of uranium mineralisation they may also be affected by uranium mobility and disequilibrium. These factors should be considered when interpreting eU information whilst waiting for confirmation chemical assay results.

About Kalahari

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 believed to be prospective for gold mineralisation and is nearby the operating Navachab gold mine.

The Company also has a 90% 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% zinc, 1.6% 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% 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.

About Extract

Extract Resources is an Australian-based uranium exploration company whose primary focus is in the African nation of Namibia. The Company's principal asset is its 100%-owned Husab Uranium Project which contains three known uranium targets: Ida Dome; Hildenhof; and Rossing South.  Rossing South represents the Company's first new discovery in this area with "world class" potential. Extract is listed on the ASX and the TSX under the ticker symbol "EXT". For more information on Extract visit www.extractresources.com

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