Kalahari Resources Inc.

Kalahari Resources Inc.

December 15, 2010 09:01 ET

Kalahari Acquires Key Claims Adjacent to Lamaque Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2010) - Kalahari Resources Inc. (TSX VENTURE:KLA) ("the Company") is pleased to announce, subject to regulatory approval, the acquisition of a 100% interest in the Bourlamaque property consisting of two claims (16 hectares) located in Bourlamaque Township, Quebec, adjacent to the Company's flagship Lamaque property.

Consideration for the property consists of $3,500 and 100,000 shares, all payable upon regulatory approval. There is also a 2% net smelter return payable, one-half (1%) of which may be purchased for $1,000,000.

The property was acquired to protect the eastern lateral extension of the Triangle Zone which is hosted within a mineralized fractured and altered tonalite which is auriferous. A systematic surface exploration program consisting of line cutting, geophysical Mag, EM and IP-Resistivity surveys, prospecting, geological mapping, sampling, trenching, outcrop stripping and drilling on priority targets will be completed this coming field season.

The Bourlamaque property is a strategically located claim block increasing the Company's position in the Val d'Or gold camp.


The Lamaque project exploration is under the direct supervision of Alain Beauregard, P.Geol., a qualified person as designated by National Instrument 43-101 who has reviewed the technical content of this release.


Kalahari's wholly owned flagship 3,074 acre Lamaque property is located in the Abitibi Greenstone Belt one km north of the "Cadillac Break" and immediately south of the Lamaque and Sigma mines located in Val d'Or, Quebec, Canada. These two mines have produced approximately 9 million ounces of gold with the Sigma mine still in production. The Lamaque property has an inferred mineral resource of 1,365,000 tons grading 0.186 opt gold (cut) or 0.275 opt gold (uncut) as audited and reclassified by Watts, Griffis & McOuat's NI 43-101 Technical Report, dated September 2004 (see Sedar October 20, 2004 for details of report). Kalahari continues its exploration program and plans to have an updated NI 43-101 report completed in the first quarter of 2011.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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

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