Xemplar Energy Corp.
TSX VENTURE : XE
FRANKFURT : E7R

Xemplar Energy Corp.

May 05, 2009 18:41 ET

Xemplar Intersects U3O8 Mineralization Over 57 Metres at Aluriesfontein

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2009) - The Board of Directors of Xemplar Energy Corp. (TSX VENTURE:XE)(FRANKFURT:E7R)(NAMIBIA:XEM) ("Xemplar" or the "Company") is pleased to report the results for a further seventeen drill holes from the Company's successful 2008-2009 drill program at Aluriesfontein on the Warmbad Uranium project in Namibia.

During the 2008 calendar year, Xemplar completed 40,000 metres of reverse circulation drilling in 230 drill holes primarily at Aluriesfontein and Big Yellow, and at Gaobis and Leopard Trap to a lesser degree. On January 19, 2009, the Company commenced with its 2009 drilling program.

Simon Tam, CEO, states, "Though not all chemical assay results from our 2008 drill program have been received, from an operational perspective, 2008 has been a real success for Xemplar. The results of our drill program have demonstrated continuity of uranium mineralization within eight zones. With the advancements in geological knowledge made by our geologists, the priority targets that have been drilled and are being drilled are finding uranium mineralization over greater widths. The success that we have achieved with our 2008 drill program at Warmbad provides us with the optimism for further success with our 2009 drill program."

Highlights of chemical assay results from the Company's 2008 drill program at Aluriesfontein alaskite body are shown in the following table:



--------------------------------------------------------------------------
Grade Grade
Aluries- Hole (parts (percen-
fontein Inclin- From To Width per tage)
Drill Hole Zone ation (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0093 Area 1 -90 43 48 5 224.5 0.022%
degrees
--------------------------------------------------------------
Including 46 47 1 551.0 0.055%
--------------------------------------------------------------------------
RCALU0094 Area 5 -90 49 57 8 101.1 0.010%
degrees
--------------------------------------------------------------
66 78 12 102.3 0.010%
--------------------------------------------------------------
128 134 6 137.3 0.014%
--------------------------------------------------------------
Including 132 133 1 428.3 0.043%
--------------------------------------------------------------
160 167 7 102.6 0.010%
--------------------------------------------------------------
Including 166 167 1 251.8 0.025%
--------------------------------------------------------------
187 197 10 107.8 0.011%
--------------------------------------------------------------
Including 195 196 1 195.9 0.020%
--------------------------------------------------------------------------
RCALU0095 Area 1 -90 122 132 10 111.6 0.011%
degrees
--------------------------------------------------------------
Including 122 124 2 232.5 0.024%
--------------------------------------------------------------
160 165 5 142.2 0.014%
--------------------------------------------------------------------------
RCALU0096 Area 5 -90 147 153 6 101.5 0.010%
degrees
--------------------------------------------------------------------------
RCALU0097 Area 1 -90 95 101 6 169.3 0.017%
degrees
--------------------------------------------------------------
Including 87 98 1 432.4 0.043%
--------------------------------------------------------------------------
RCALU0100 Area 5 -90 20 26 6 168.7 0.017%
degrees
--------------------------------------------------------------
Including 21 24 3 236.9 0.024%
--------------------------------------------------------------
56 64 8 107.4 0.011%
--------------------------------------------------------------
71 91 20 109.6 0.011%
--------------------------------------------------------------
Including 76 77 1 234.5 0.023%
--------------------------------------------------------------
95 101 6 111.4 0.011%
--------------------------------------------------------------
110 116 6 100.8 0.010%
--------------------------------------------------------------
138 145 7 106.8 0.011%
--------------------------------------------------------------
173 186 13 102.8 0.010%
--------------------------------------------------------------
Including 178 179 1 228.6 0.023%
--------------------------------------------------------------------------
RCALU0101 North -50 46 54 8 146.9 0.015%
Area 1 degrees
--------------------------------------------------------------
Including 50 51 1 230.7 0.023%
--------------------------------------------------------------
Including 53 54 1 206.0 0.021%
--------------------------------------------------------------
63 71 8 108.1 0.011%
--------------------------------------------------------------
Including 68 69 1 241.5 0.024%
--------------------------------------------------------------------------
RCALU0103 Area 5 -90 34 42 8 101.7 0.010%
degrees
--------------------------------------------------------------------------
RCALU0104 North -50 3 27 24 143.5 0.014%
Area 1 degrees
--------------------------------------------------------------
Including 7 8 1 280.8 0.028%
--------------------------------------------------------------
Including 12 13 1 269.3 0.027%
--------------------------------------------------------------
Including 16 17 1 378.8 0.038%
--------------------------------------------------------------
Including 23 24 1 339.3 0.034%
--------------------------------------------------------------
Including 25 26 1 325.6 0.033%
--------------------------------------------------------------
104 110 6 100.4 0.010%
--------------------------------------------------------------------------
RCALU0105 Area 5 -90 131 140 9 112.0 0.011%
degrees
--------------------------------------------------------------
143 200 57 103.6 0.010%
--------------------------------------------------------------
Including 152 153 1 236.4 0.024%
--------------------------------------------------------------
Including 168 169 1 200.9 0.020%
--------------------------------------------------------------
Including 176 177 1 273.7 0.027%
--------------------------------------------------------------
Including 184 185 1 248.9 0.025%
--------------------------------------------------------------
Including 191 192 1 208.9 0.021%
--------------------------------------------------------------------------
RCALU0106 Area 3 -90 32 62 30 101.1 0.010%
Extension degrees
--------------------------------------------------------------
Including 45 46 1 314.5 0.031%
--------------------------------------------------------------
Including 55 56 1 226.4 0.023%
--------------------------------------------------------------------------
RCALU0109 Area 3 -90 50 56 6 153.9 0.015%
Extension degrees
--------------------------------------------------------------
Including 51 52 1 205.4 0.021%
--------------------------------------------------------------
Including 54 55 1 227.4 0.023%
--------------------------------------------------------------------------
(i) Rounded to the nearest 1/1000th of percentile.


The results in the table above show all intercepts greater than 5 metres and with grades greater than 100 PPM (0.010%) U3O8. Please refer to the assay tables in the appendix of this news release for a complete summary of chemical assay results from the above 12 holes, plus seven others, where assay results greater than 100 PPM or 0.010% U3O8 over one metre are reported. Further assay results from the 2008 drill program are forthcoming. Drill holes are planned to give true width intercepts.

Drilling continues at Warmbad (currently at Aluriesfontein and Big Yellow) and planning is underway to begin drilling at the Girtis target.

William Harley, Xemplar's President, adds: "We have learnt a great deal about the Aluriesfontein and Big Yellow alaskite bodies over the past 12 months. With our growing confidence in the deposit model at Warmbad, the radioactive anomalies at Girtis are compelling targets. Our priorities for 2009 remain steadfastly focused on defining new uranium zones at Warmbad, extending the size of the eight mineralized zones, and working to develop a resource at one or more of the eight zones that have been discovered. With CDN$14.5 million cash on hand and a current annualized burn rate of CDN$7.0 million, we are extremely well positioned to carry out our planned activities."

Mike Magrum, P.Eng., 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.

Simon Tam, CEO and Director



Appendix

Detailed Assay Results from Aluriesfontein (using a 100 parts per
million (PPM) / 0.01% U3O8 cut-off grade)

--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0092 Area 5 -90 140 143 3 118.9 0.012%
degrees
--------------------------------------------------------------
155 159 4 104.7 0.010%
--------------------------------------------------------------
174 178 4 162.4 0.016%
--------------------------------------------------------------
Including 175 176 1 340.0 0.034%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0093 Area 1 -90 32 33 1 106.9 0.011%
degrees
--------------------------------------------------------------
43 48 5 224.5 0.022%
--------------------------------------------------------------
Including 45 46 1 264.4 0.026%
--------------------------------------------------------------
Including 46 47 1 551.0 0.055%
--------------------------------------------------------------
51 52 1 153.1 0.015%
--------------------------------------------------------------
56 59 3 114.8 0.011%
--------------------------------------------------------------
115 116 1 133.1 0.013%
--------------------------------------------------------------
155 156 1 113.0 0.011%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0094 Area 5 -90 49 57 8 101.1 0.010%
degrees
--------------------------------------------------------------
66 78 12 102.3 0.010%
--------------------------------------------------------------
81 82 1 104.4 0.010%
--------------------------------------------------------------
128 134 6 137.3 0.014%
--------------------------------------------------------------
Including 132 133 1 428.3 0.043%
--------------------------------------------------------------
137 138 1 113.5 0.011%
--------------------------------------------------------------
140 142 2 109.0 0.011%
--------------------------------------------------------------
146 150 4 108.7 0.011%
--------------------------------------------------------------
160 167 7 102.6 0.010%
--------------------------------------------------------------
166 167 1 251.8 0.025%
--------------------------------------------------------------
187 197 10 107.8 0.011%
--------------------------------------------------------------
Including 195 196 1 195.9 0.020%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0095 Area 1 -90 27 28 1 120.5 0.012%
degrees
--------------------------------------------------------------
44 45 1 103.4 0.010%
--------------------------------------------------------------
110 113 3 145.5 0.015%
--------------------------------------------------------------
Including 110 111 1 274.3 0.027%
--------------------------------------------------------------
122 132 10 111.6 0.011%
--------------------------------------------------------------
Including 122 124 2 232.5 0.023%
--------------------------------------------------------------
135 136 1 143.3 0.014%
--------------------------------------------------------------
141 142 1 149.6 0.015%
--------------------------------------------------------------
145 146 1 179.7 0.018%
--------------------------------------------------------------
160 165 5 142.2 0.014%
--------------------------------------------------------------
168 172 4 160.3 0.016%
--------------------------------------------------------------
Including 169 170 1 262.4 0.026%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0096 Area 5 -90 86 88 2 118.7 0.012%
degrees
--------------------------------------------------------------
101 102 1 132.1 0.013%
--------------------------------------------------------------
143 146 3 115.9 0.012%
--------------------------------------------------------------
147 153 6 101.5 0.010%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0097 Area 1 -90 72 76 4 219.7 0.022%
degrees
--------------------------------------------------------------
Including 72 74 2 272.0 0.027%
--------------------------------------------------------------
95 101 6 169.3 0.017%
--------------------------------------------------------------
Including 95 96 1 258.7 0.026%
--------------------------------------------------------------
Including 97 98 1 432.4 0.043%
--------------------------------------------------------------
104 107 3 144.2 0.014%
--------------------------------------------------------------
Including 106 107 1 223.5 0.022%
--------------------------------------------------------------
112 113 1 108.8 0.011%
--------------------------------------------------------------
131 132 1 144.3 0.014%
--------------------------------------------------------------
169 171 2 102.7 0.010%
--------------------------------------------------------------
173 175 2 136.1 0.014%
--------------------------------------------------------------
191 192 1 122.3 0.012%
--------------------------------------------------------------
193 194 1 101.2 0.010%
--------------------------------------------------------------
198 199 1 102.1 0.010%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0100 Area 5 -90 20 26 6 168.7 0.017%
degrees
--------------------------------------------------------------
Including 21 24 3 236.9 0.024%
--------------------------------------------------------------
56 64 8 107.4 0.011%
--------------------------------------------------------------
71 91 20 109.6 0.011%
--------------------------------------------------------------
Including 76 77 1 234.5 0.023%
--------------------------------------------------------------
95 101 6 111.4 0.011%
--------------------------------------------------------------
110 116 6 100.8 0.010%
--------------------------------------------------------------
119 122 3 104.2 0.010%
--------------------------------------------------------------
127 130 3 123.8 0.012%
--------------------------------------------------------------
138 145 7 106.8 0.011%
--------------------------------------------------------------
155 156 1 121.6 0.012%
--------------------------------------------------------------
173 186 13 102.8 0.010%
--------------------------------------------------------------
Including 178 179 1 228.6 0.023%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0101 North -50 46 54 8 146.9 0.015%
Area 1 degrees
--------------------------------------------------------------
Including 50 51 1 230.7 0.023%
--------------------------------------------------------------
Including 53 54 1 206.0 0.021%
--------------------------------------------------------------
63 71 8 108.1 0.011%
--------------------------------------------------------------
Including 68 69 1 241.5 0.024%
--------------------------------------------------------------
104 106 2 127.5 0.013%
--------------------------------------------------------------
108 109 1 106.2 0.011%
--------------------------------------------------------------
112 113 1 154.4 0.015%
--------------------------------------------------------------
197 200 3 172.4 0.017%
--------------------------------------------------------------
Including 198 199 1 266.3 0.027%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0102 Area 3 -90 12 16 4 107.9 0.011%
Extension degrees
--------------------------------------------------------------
48 50 2 114.7 0.011%
--------------------------------------------------------------
51 53 2 126.2 0.013%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0103 Area 5 -90 34 42 8 101.7 0.010%
degrees
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0104 North -50 3 27 24 143.5 0.014%
Area 1 degrees
--------------------------------------------------------------
Including 7 8 1 280.8 0.028%
--------------------------------------------------------------
Including 12 13 1 269.3 0.027%
--------------------------------------------------------------
Including 16 17 1 378.8 0.038%
--------------------------------------------------------------
Including 23 24 1 339.3 0.034%
--------------------------------------------------------------
Including 25 26 1 325.6 0.033%
--------------------------------------------------------------
36 37 1 110.2 0.011%
--------------------------------------------------------------
43 44 1 112.8 0.011%
--------------------------------------------------------------
54 57 3 112.0 0.011%
--------------------------------------------------------------
74 75 1 115.9 0.012%
--------------------------------------------------------------
78 80 2 133.3 0.013%
--------------------------------------------------------------
89 91 2 176.7 0.018%
--------------------------------------------------------------
104 110 6 100.4 0.010%
--------------------------------------------------------------
152 153 1 102.8 0.010%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0105 Area 5 -90 70 71 1 139.1 0.014%
degrees
--------------------------------------------------------------
109 110 1 123.1 0.012%
--------------------------------------------------------------
113 114 1 133.3 0.013%
--------------------------------------------------------------
116 117 1 101.0 0.010%
--------------------------------------------------------------
131 140 9 112.0 0.011%
--------------------------------------------------------------
Including 139 140 1 223.0 0.022%
--------------------------------------------------------------
143 200 57 103.6 0.010%
--------------------------------------------------------------
Including 152 153 1 236.4 0.024%
--------------------------------------------------------------
Including 168 169 1 200.9 0.020%
--------------------------------------------------------------
Including 176 177 1 273.7 0.027%
--------------------------------------------------------------
Including 184 185 1 248.9 0.025%
--------------------------------------------------------------
Including 191 192 1 208.9 0.021%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0106 Area 3 -90 26 27 1 127.5 0.013%
Extension degrees
--------------------------------------------------------------
32 62 30 101.1 0.010%
--------------------------------------------------------------
Including 45 46 1 314.5 0.031%
--------------------------------------------------------------
Including 55 56 1 226.4 0.023%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0107 Area 4 -90 112 116 4 100.3 0.010%
degrees
--------------------------------------------------------------
120 121 1 113.2 0.011%
--------------------------------------------------------------
126 127 1 109.2 0.011%
--------------------------------------------------------------
132 133 1 112.4 0.011%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0108 Area 3 -50 10 12 2 114.4 0.011%
degrees
--------------------------------------------------------------
31 32 1 113.4 0.011%
--------------------------------------------------------------
38 39 1 146.4 0.015%
--------------------------------------------------------------
71 73 2 130.7 0.013%
--------------------------------------------------------------
155 156 1 142.1 0.014%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0109 Area 3 -90 0 1 1 155.1 0.015%
Extension degrees
--------------------------------------------------------------
4 8 4 116.0 0.012%
--------------------------------------------------------------
9 10 1 116.5 0.012%
--------------------------------------------------------------
11 12 1 106.1 0.011%
--------------------------------------------------------------
44 45 1 130.7 0.013%
--------------------------------------------------------------
50 56 6 153.9 0.015%
--------------------------------------------------------------
Including 51 52 1 205.4 0.021%
--------------------------------------------------------------
Including 54 55 1 227.4 0.023%
--------------------------------------------------------------
125 126 1 110.7 0.011%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
Grade Grade
Aluries- (parts (percen-
fontein From To Width per tage)
Drill Hole Zone Dip (metres) (metres) (metres) million) (i)
--------------------------------------------------------------------------
RCALU0110 Area 4 -90 63 64 1 144.7 0.014%
degrees
--------------------------------------------------------------
137 138 1 106.6 0.011%
--------------------------------------------------------------------------
(i) Rounded to the nearest 1/1000th of percentile.


Disclaimer and Cautionary Statement Regarding Forward-Looking Information

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

Xemplar Energy Corp. seeks safe harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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