Xemplar Energy Corp.

Xemplar Energy Corp.

October 24, 2007 13:15 ET

Xemplar Energy Corp.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2007) - Xemplar Energy Corp. (TSX VENTURE:XE)(FRANKFURT:E7R) ("Xemplar" or the "Company") is pleased to announce that its common shares have commenced trading on the Namibian Stock Exchange ("NSX") under the symbol XEM. In so doing Xemplar has now given Namibian Institutional and retail investors the opportunity to diversify their Namibian portfolios to include Xemplar.

Further to the press release dated 2007-05-23 the Company is also pleased to announce that is has today completed its donation of $2 million (Namibia) to the recently formed Warmbad Trust. These funds will be used to benefit the entire community of Warmbad.

Drilling Progress-Warmbad

The company wishes to announce that a second drilling rig has commenced drilling on the Warmbad project. Preliminary results from the first two holes at "Big Yellow" encountered alaskite and secondary uranium mineralisation. This uranium mineralisation is in the form of uranophane.

Mike Magrum, PEng, 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.

W.G. McDowall, President and CEO

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: this news release contains forward looking statements that are not historical facts and are subject to risks and uncertainties which could cause actual results to differ materially from those set forth in or implied herein.

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

Contact Information

  • Xemplar Energy Corp.
    W.G. McDowall
    President and CEO
    (604) 687-4191
    (604) 871-9926 (FAX)