Xemplar Energy Corp.

Xemplar Energy Corp.

July 16, 2007 13:37 ET

Xemplar Discovers New Uraniferous Alaskite Body at Its Warmbad Project in Namibia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2007) -

Mr. W.G.McDowall reports,

Xemplar Energy Corp. (TSX VENTURE:XE)(FRANKFURT:E7R) ("Xemplar" or the "Company") is pleased to update the progress at its Warmbad Project (Exclusive Prospecting Licenses EPL's 3567 and 3568) in Namibia.

Field mapping and follow-up ground truthing of airborne radiometric anomalies has resulted in the identification of a new uraniferous Alaskite body in the northeast portion of the licence area. This body was discovered on the farm Aluriesfontein 308 and appears to resemble an uraniferous alaskitic batholith. Batholiths are large emplacement structures that are formed by rising plutonic masses. The uraniferous Alaskite body has a surface area of approximately four (4) square kilometers and is in a nearly perfect square shape. The rock type at Aluriesfontein is identical to the alaskites found in the southern portion of the licence area. At this point, the depth extent of the Aluriesfontein body is not known. The newly identified Aluriesfontein body has an anomalous and distinct radiometric signature and will be included in the planned drill program for the Warmbad area.

The Fugro airborne survey at Warmbad is nearing completion. With the discovery of the new uraniferous Alaskite body on the farm Aluriesfontein 308, the airborne survey has been extended from 16,000 to 22,500 line kilometers. To date approximately 17,000 line kilometers have been flown. This survey is acquiring multi-channel radiometric and magnetic data along lines 50 metres apart at a height of 20 metres. A preliminary interpretation of the data acquired to date shows that the survey is effectively mapping the alaskite bodies and is also mapping the surface uranium mineralisation within the alaskites themselves. The survey is expected to be completed in 10 days time.

Drilling at Warmbad will commence once the airborne survey has been completed and the resulting data interpreted.

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)