Xemplar Energy Corp.

Xemplar Energy Corp.

October 15, 2007 13:20 ET

Xemplar Begins Drilling at its Warmbad Project in Namibia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - Xemplar Energy Corp. (TSX VENTURE:XE)(FRANKFURT:E7R) ("Xemplar" or the "Company") is pleased to announce that it has commenced drilling at its wholly owned Warmbad uranium Project (EPL's 3567 and 3568) in Namibia. This drill program on the Warmbad uranium project will represent the first holes drilled for uranium in the Warmbad area.

Xemplar has commenced drilling using its own drill rig; two further reverse circulation (RC) rigs have been purchased. These are expected to arrive in Namibia over the next few weeks. In addition to this the company has entered into a contract with a local drilling company to immediately begin drilling of some 15,000 metres of RC drilling at Warmbad. The drilling operations at Warmbad are under the supervision of Ralf Wartha, project geologist.

The first holes are currently being drilled on the Gaidip-Sandfontein sill. This sill is an outcropping, uranium-bearing coarse grained, white, graphic alaskite, locally known as Big Yellow. Big Yellow appears to be part of a north easterly dipping anticlinal structure. The purpose of these first drill holes will be to test the depth extent of the alaskite and the extent to which it is mineralised. Surface assays from Big Yellow were previously reported in the Company Press Release, dated 2007-05-07.

The company believes it has effectively discovered a new uranium province in the Warmbad area of Namibia, with over 14 distinctly mineralised alaskitic bodies distributed over an area of approximately 40 kms by 28 kms. Fieldwork has been ongoing and many new bodies have been discovered. A large airborne radiometric/magnetic survey has recently been completed. This survey was carried out by Fugro Airborne Surveys (Pty) Ltd. and some 22,500-line kms of helicopter data has been acquired and interpreted. Plots generated from this airborne data set include uranium to thorium ratio maps and these maps have been found to be particularly useful in identifying outcropping Alaskitic bodies. Surface sampling of these bodies has shown them to be clearly mineralised (Press Release, Dated: 2007-05-07).

The latest new alaskites have been discovered on the Farm Girtis-109. These outcropping bodies are clearly mineralised and have strike lengths of approx 3 and 2 kms respectively; they vary in width from around 500 metres to just under 900 metres. They form distinct uranium anomalies on the airborne data covering the area.

Two Mount Sopris, Spectral Gamma Logging systems have been received; these will be calibrated at the Pelindaba calibration site in South Africa. These units will be used to radiometrically log all of the holes being drilled at Warmbad.

Financial position.

Xemplar has over $11-million in cash which is invested in short-term deposits. As a result, the company is well positioned to enable it to advance its various exploration projects in Namibia.

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)