Kalahari Resources Inc.

Kalahari Resources Inc.

December 21, 2010 09:01 ET

Kalahari Shareholders Approve Consolidation and Name Change to Integra Gold Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2010) - Kalahari Resources Inc. (TSX VENTURE:KLA) (the "Company") is pleased to announce that shareholders of the Company and the TSX Venture Exchange (the "Exchange") have approved the consolidation of the Company's shares on a 10:1 basis. Effective December 22, 2010 the Company will trade under its new name of Integra Gold Corp. (TSX VENTURE:ICG).


At the Company's Annual General and Special Meeting held on December 16, 2010, shareholders approved a consolidation of its share capital on the basis of one (1) new common share for every existing ten (10) common shares (the "Consolidation"). Where the exchange resulted in a fractional share, the number of common shares will be rounded to the nearest whole common share. The Consolidation will enhance the marketability of the common share as an investment and facilitate additional financings to fund future operations. Shareholder and Exchange approval of the Consolidation has been received with the record date set as December 22, 2010. The Company now has a total of 33,421,471 common shares issued and outstanding. As part of the Consolidation, the name of the Company was changed to Integra Gold Corp.

An updated Company website is under construction and is expected to be announced in the near future.


The Lamaque property is in the Val d'Or Gold Camp immediately adjacent to both the Sigma and Lamaque mines, which together have produced approximately 9 million ounces of gold. The current inferred gold resource at Lamaque property is 375,375 gold ounces (1,238,308 tonne at 9.43 g/t gold) according to Watts, Griffis and McOuat 43-101 report. (SEDAR October 20, 2004). The current gold mineralized vein-system, indicated through drilling, is speared over an area that is 4,000m in strike length, 2900m wide and open at depth.

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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