Energizer Resources Inc.
OTC Bulletin Board : URST
FRANKFURT : YE5

Energizer Resources Inc.

December 16, 2009 14:27 ET

Energizer Resources Inc. (formerly Uranium Star Corp.) Provides Exploration Update on Green Giant Vanadium Project in Madagascar

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2009) -

Energizer Resources Inc. (formerly Uranium Star Corp.) (OTCBB:URST) (FRANKFURT:YE5) ("Energizer" or "the Company") is pleased to announce the successful completion of its 2009 exploration program on its Green Giant Vanadium Project in Madagascar. As part of this program, 54 diamond drill holes were completed for a total of 8,931 meters, 64 mechanical trenches totalling 8,352 meters were excavated, and additional metallurgical samples were collected and are being processed. The results from this program will provide the framework for the Company to complete a NI 43-101 compliant resource estimate. Baseline environmental and socio-economic studies have also commenced. The Company has also initiated discussions with two Thai-based companies developing a very large coal project, which is very closely situated to the Green Giant Project and will provide significant infrastructure synergies between the two projects.

First Phase of Resource Definition Drilling Complete

A total of 54 diamond drill holes were completed in this phase of the exploration program, for a total of 8,931 meters over the 18 kilometer-long vanadium trend. Thirty holes on 9 sections spaced 100 meters apart were drilled to a maximum depth of 150 to 165 meters in the Jaky zone and 24 holes were drilled to a maximum depth of 175 metres on 6 sections spaced 100 meters apart in the Manga zone.

In addition to the diamond drilling, 64 mechanical trenches totalling 8,352 meters were excavated on the property. With the completion of this phase of the exploration program, a total of 85 drill holes totalling 13,004 meters deep have now been completed on the Green Giant property and 120 trenches totalling 16,520 meters long have been established.

Manga Zone Indicating Significant Vanadium Mineralization

Initial results obtained from the recently completed drilling of the Manga zone indicate a significant enrichment of vanadium mineralization displaying good continuity both horizontally and vertically.

Highlights of drill hole intervals defined by XRF readings are as follows:

  • Hole M-19 intersected 105 meters averaging 0.73% V2O5, including 0.88% V2O5 over 15 meters and 1.08% V2O5 over 18 meters;
  • Hole M-22 which intersected 0.68% V2O5 over 94.5 meters, including 0.88% V2O5 over 10.5 meters and 1.01% V2O5 over 30 meters.

Trenching earlier this year in the Manga zone had defined vanadium mineralization in six trenches over a 1.0 kilometer strike length that averaged 0.48% V2O5 over 82.0 meters, including a high grade core that averaged 0.67% V2O5 over 27.0 meters (previously reported). A table of all XRF readings from the Manga zone, as well as drill hole location data, are provided at the end of this release.

The Company uses Niton XL3t hand-held XRF instrumentation to gather readings on core and trench samples with respect to vanadium content, as well as other elements. The Company cautions that XRF readings are not certifiable or recognized in any NI 43-101 compliant resource calculation and significant variability can be seen when compared with subsequent assays from a registered laboratory. However, the Company has gained significant experience with XRF technology and expects that frequent calibration to registered standards have enabled it to obtain XRF readings which have a strong correlation to corresponding assay results.

Julie Lee Harrs, President and Chief Operating Officer, commented, "The Company is very pleased with the results of this latest phase of our exploration program. We have been able to continue to improve our understanding of the main zone of vanadium mineralization and its configuration. We look forward to reporting our drill assay results and metallurgical test results as they become available."

Coal Project Synergies

Energizer has initiated discussions with the Red Island Minerals and Asia Thai Mining (Pan African Mining), two companies that are developing a very large coal project (Sakoa), which is in very close proximity to the Green Giant property. The Sakoa coalfield is located approximately 35 kilometers straight-line distance northwest of the Green Giant Vanadium Project. The Company has been informed that the development of the coal project will include a new port facility, a road and railroad from the coast to the coalfield, a coal-fired power plant to generate electricity and a major water pipeline. Based on the information provided to the Company, much of this infrastructure will be relevant to the Green Giant vanadium deposit and will provide significant cost savings for both capital and operating components of a commercial vanadium operation. As such, the Company will continue to investigate the potential synergies between these two projects.

To view a detailed area map outlining Asia Thai Mining's (Pan African Mining) proposed infrastructure enhancements, please visit our website at www.energizerresources.com.

Metallurgical Tests Ongoing

Core samples from three drill holes in the Jaky zone have been sent to Mintek Laboratories in South Africa for extensive metallurgical test work. Results of this work are expected in the first quarter of 2010. Core samples for metallurgical testing have also been collected from the Manga zone.

Analytical/assay work on core and trench samples are being conducted by Genanalysis Laboratories in Perth, Australia. Complete assay results are expected in the first quarter of 2010. A comparison of assays against XRF readings will also be provided on a timely basis. A rigorous QA/QC program is in place to ensure accuracy of analytical results

Environmental and Socio-economic Studies Commenced

The Company has also commenced baseline environmental and socio-economic studies which will be required to advance the Green Giant project.

A weather station has been established on site to record continuous weather data, which will ultimately be required for the completion of an environmental impact study. Initial consultations have been initiated with local village representatives and a proposal for additional environmental and socio-economic studies is being considered by the Company.

Qualified Person

Bill Nielsen, P.Geo., Director and V.P. of Exploration of the Company, is the qualified person for the geological information provided in this release. Taiga Consultants Ltd. is supervising Uranium Star's exploration activities on the Green Giant Vanadium Project in Madagascar. PEG Mining Consultants Inc. has been retained to prepare a preliminary economic assessment of the project.

For more information, please visit our website at www.energizerresources.com.

Cautionary Statement: The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

XRF Results from the Manga Zone
Diamond Drill Holes
(see cautionary note above)

Drill Hole #   From (m) To (m) V2O5 (%) XRF Interval (m)
M-10   21.5 45.5 0.14 24
M-10   60.5 65 0.162 4.5
M-10   131 152 0.701 21
M-10  incl. 140 146 0.981 6
M-10   152 158 0.372 6
M-10   165.5 179 0.149 13.5
M-11   6.5 36.5 0.142 30
M-11   36.5 59 0.426 22.5
M-11   59 63.5 0.152 4.5
M-11   63.5 83 0.57 19.5
M-11  incl. 71 77 0.818 6
M-11   83 89 0.216 6
M-13   7.5 37.5 0.134 30
M-13   69 85.5 0.232 16.5
M-13   100.5 106.5 0.13 6
M-13   126 142.5 0.27 16.5
M-13   148.5 177 0.507 28.5
M-13  Incl. 148.5 160.5 0.372 12
M-13  Incl. 160.5 166.5 0.929 6
M-13  incl. 166.5 177 0.359 10.5
M-14   3 111 0.483 108
M-14  incl. 3 42 0.313 39
M-14  incl. 42 61.5 0.507 19.5
M-14  incl. 61.5 100.5 0.661 39
M-14  incl. 70.5 78 0.717 7.5
M-14  incl. 97.5 100.5 0.838 3
M-14  incl. 100.5 111 0.407 10.5
M-15   5 24.5 0.769 19.5
M-15   24.5 45.5 0.31 21
M-15   96.5 117.5 0.101 21
M-15   131 137 0.206 6
M-16   3.5 75.5 0.142 72
M-16  Open 75.5 197 0.546 121.5
M-16  incl. 75.5 93.5 0.392 18
M-16  or incl. 93.5 176 0.65 82.5
M-16  incl. 93.5 101 0.545 7.5
M-16   101 108.5 0.896 7.5
M-16   108.5 176 0.628 67.5
M-16  incl. 165.5 176 0.776 21
M-16   176 197 0.24 21
M-17   3.6 125 0.559 121.4
M-17  incl. 3.6 29 0.273 25.4
M-17   29 54.5 0.397 25.5
M-17   54.5 111.5 0.799 57
M-17  incl. 72.5 80 0.961 7.5
M-17  incl. 98 111.5 0.892 13.5
M-17  or incl. 102.5 111.5 1.017 9
M-17   111.5 125 0.381 13.5
M-18   2 59 0.534 57
M-18  Incl. 6.5 17 0.805 10.5
M-18  incl. 17 41 0.534 24
M-18  incl. 30.5 39.5 0.66 9
M-18  incl. 41 59 0.414 18
M-18   63.5 66.5 0.282 3
M-18   75.5 83 0.186 7.5
M-19   38 66.5 0.157 28.5
M-19   66.5 171.5 0.734 105
M-19  incl. 66.5 84.5 0.553 18
M-19  incl. 84.5 90.5 0.711 6
M-19  incl. 90.5 105.5 0.881 15
M-19  incl. 105.5 137 0.654 31.5
M-19  incl. 84.5 155 0.831 70.5
M-19  incl. 137 155 1.079 18
M-19  incl. 155 162.5 0.281 7.5
M-19  incl. 162.5 168.5 0.79 6
M-19   168.5 176 0.239 7.5
M-20   5 105.5 0.69 100.5
M-20  or 6.5 89 0.762 82.5
M-20  or 20 89 0.813 69
M-20  incl. 5 20 0.476 15
M-20  incl. 20 30.5 0.799 10.5
M-20  incl. 30.5 42.5 0.332 12
M-20  incl. 42.5 74 1.086 31.5
M-20  incl. 74 83 0.403 9
M-20  incl. 83 89 0.984 6
M-20   89 105.5 0.356 16.5
M-21   3.5 36.5 0.275 33
M-21  incl. 3.5 24.5 0.332 21
M-21  incl. 24.5 36.5 0.167 12
M-22   0 69.5 0.138 69.5
M-22   69.5 164 0.682 94.5
M-22  incl. 69.5 84.5 0.522 15
M-22  incl. 72.5 152 0.747 79.5
M-22  incl. 84.5 95 0.884 10.5
M-22  incl. 95 110 0.363 15
M-22  incl. 108.5 152 0.899 43.5
M-22  incl. 110 140 1.011 30
M-22  incl. 110 123.5 1.287 13.5
M-22  incl. 123.5 132.5 0.477 9
M-22  incl. 132.5 140 1.098 7.5
M-22  incl. 140 152 0.634 12
M-22   152 168.5 0.254 16.5
M-23   2 93.5 0.466 91.5
M-23  incl. 2 11 0.401 9
M-23  incl. 11 27.5 0.567 16.5
M-23  incl. 27.5 47 0.291 19.5
M-23  incl. 47 54.5 0.659 7.5
M-23  incl. 54.5 68 0.379 13.5
M-23  incl. 68 80 0.79 12
M-23  incl. 80 93.5 0.336 13.5
M-24   6.5 15.5 0.42 9
M-24   15.5 33.5 0.213 18
M-24   62 78.5 0.146 16.5
M-25   72.5 110 0.144 37.5
M-25   110 143 0.644 33
M-25   143 158 1.103 15
M-25   158 200 0.533 42
M-25  incl. 173 180.5 0.783 7.5
M-26   33.5 48.5 0.153 15
M-26   48.5 131 0.477 82.5
M-26  incl. 48.5 59 0.393 10.5
M-26  incl. 59 74 0.695 15
M-26  incl. 74 108.5 0.394 34.5
M-26  incl. 108.5 117.5 0.729 9
M-26  incl. 117.5 131 0.355 13.5
M-26   156.5 180.5 0.116 24
M-27   0 75.5 0.315 75.5
M-37   71 95 0.152 24
M-37   104 134 0.13 30
M-37   134 233 0.756 99
M-37  incl. 134 150.5 0.593 16.5
M-37  incl. 137 221 0.795 84
M-37  incl. 150.5 165.5 0.966 15
M-37  incl. 165.5 171.5 0.637 6
M-37  incl. 171.5 176 1.039 4.5
M-37  incl. 176 221 0.763 45
M-37  incl. 221 233 0.570 12
M-38   74 92 0.132 18
M-38   105.5 140 0.172 34.5
M-38  incl. 129.5 140 0.253 10.5
M-38   150.5 173 0.13 22.5
M-38   200 215 0.202 15
M-38   215 221 0.603 6
M-38   221 233 0.999 12
M-38   233 243.5 0.321 10.5
M-38   243.5 261.5 0.129 18
M-39  incl. 81.5 102.5 0.172 21
M-39  incl. 114.5 125 0.137 10.5
M-39  incl. 183.5 209 0.147 25.5
M-39  incl. 209 222.5 0.432 13.5
M-39  incl. 215 234.5 0.813 19.5
M-39  incl. 222.5 230 0.107 7.5
M-39  incl. 230 243.5 0.767 13.5
M-39  incl. 243.5 255.5 0.355 12
M-40   188 198.5 0.163 10.5
M-40   198.5 222.5 0.822 24
M-40  incl. 203 212 1.031 9
M-41   110 224 0.671 114
M-41  incl. 110 123.5 0.351 13.5
M-41  incl. 123.5 146 0.631 22.5
M-41  incl. 146 209 0.797 63
M-41  incl. 146 177.5 0.799 31.5
M-41  incl. 177.5 189.5 0.599 12
M-41  incl. 189.5 209 0.914 19.5
M-41  incl. 209 218 0.621 9
M-41  incl. 218 224 0.254 6
M-42   162.5 185 0.138 22.5
M-42   185 189.5 0.521 4.5
M-42   197 206 0.233 9
M-42   206 290 0.587 84
M-42  incl. 206 234.5 0.508 28.5
M-42  incl. 234.5 251 0.596 16.5
M-42  incl. 251 257 0.311 6
M-42  incl. 257 263 0.751 6
M-42  incl. 263 269 0.208 6
M-42  incl. 269 290 0.77 21
M-42   290 297.5 0.201 7.5

Location Details for Manga Zone Drill Holes

ID_# UTM_Northing UTM_Easting Az Dip TD
M-15 7345700 503300 90 -45 159.5
M-18 7345800 503306 90 -45 107
M-17 7345800 503236 90 -45 149
M-14 7345700 503230 90 -45 142.5
M-13 7345700 503160 90 -45 201
M-16 7345800 503166 90 -45 221
M-38 7345700 503090 90 -45 282
M-39 7345800 503096 90 -45 270.5
M-12 7345600 503300 90 -45 122
M-11 7345600 503230 90 -45 143
M-21 7345900 503340 90 -45 65
M-20 7345900 503270 90 -45 129.5
M-10 7345600 503160 90 -45 218
M-19 7345900 503200 90 -45 204.5
M-40 7345600 503090 90 -45 245
M-41 7345900 503137 90 -45 273.5
M-24 7346000 503350 90 -45 78.5
M-23 7346000 503280 90 -45 128
M-42 7345900 503060 90 -45 303.5
M-22 7346000 503210 90 -45 195
M-37 7346000 503140 90 -45 254
M-27 7346100 503320 90 -45 92
M-26 7346100 503250 90 -45 208
M-25 7346100 503180 90 -45 230

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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