Xemplar Energy Corp.
TSX VENTURE : XE
FRANKFURT : E7R

Xemplar Energy Corp.

February 18, 2009 16:58 ET

Xemplar Expands Uranium Zone at Big Yellow

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 18, 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 five drill holes from the Company's 2008 drill program in the Big Yellow area on the Warmbad Uranium project in Namibia. The geological environment is the same as that which hosts the Rossing uranium mine (operated by Rio Tinto) that produced 7% of the world's uranium in 2007, and with the Valencia uranium deposit (Forsys Metals Corp.) which is subject to a CDN$579 million takeover offer.

These results, coupled with previously announced drill results from Big Yellow, continue to expand the size of the three mineralized zones which have been identified. The grades encountered are consistent with the grade of the Valencia deposit.

Further assay results from the 2008 drill program are forthcoming.

Highlights of chemical assay results from the Company's drill program at Big Yellow include:

Big Yellow East, Hole RCBYE0055:

- 4 metres grading 127.5 parts per million (ppm) or 0.013% U3O8, from 82 metres to 86 metres.

Big Yellow Centre, Hole RCBY0032:

- 4 metres grading 104.4 ppm or 0.010% U3O8, from 33 metres to 37 metres.

- 8 metres grading 154.0 ppm or 0.015% U3O8, from 46 metres to 54 metres.

Big Yellow Centre, Hole RCBY0033:

- 13 metres grading 134.7 ppm or 0.013% U3O8, from 24 metres to 37 metres.

- 12 metres grading 136.8 ppm or 0.014% U3O8, from 64 metres to 76 metres.

Big Yellow West, Hole RCBYW0017:

- 4 metres grading 106.1 ppm or 0.010% U3O8, from 85 metres to 89 metres.

- 5 metres grading 129.4 ppm or 0.013% U3O8, from 111 metres to 116 metres.

Big Yellow West, Hole RCBYW0018:

- 9 metres grading 119.9 ppm or 0.012% U3O8, from 0 metres to 9 metres.

- 5 metres grading 126.6 ppm or 0.013% U3O8, from 20 metres to 25 metres.

- 5 metres grading 123.6 ppm or 0.012% U3O8, from 50 metres to 55 metres.

- 4 metres grading 106.0 ppm or 0.011% U3O8, from 110 metres to 114 metres.

- 4 metres grading 106.7 ppm or 0.011% U3O8, from 125 metres to 129 metres.

- 5 metres grading 107.3 ppm or 0.011% U3O8, from 138 metres to 143 metres.

- 5 metres grading 334.6 ppm or 0.033% U3O8, from 147 metres to 152 metres.

- 4 metres grading 101.7 ppm or 0.010% U3O8, from 171 metres to 175 metres.

Please refer to the assay tables in the appendix of this news release for a complete summary of chemical assay results from the above 5 holes. Assays greater than 100 ppm, or 0.010% U3O8 over one metre are reported.

Xemplar Energy continues to carry out a balanced exploration drill program combining definition and development drilling with the primary objective of defining a resource for its Warmbad project. The exploration program in 2009, which commenced on January 19, 2009, will entail:

- Drilling to extend the size of the mineralized zones at Aluriesfontein and Big Yellow.

- Aggressively continue with surface exploration and drilling at Aluriesfontein, Big Yellow East, Centre and West, Houms River, Girtis, and Gaobis/Energy Ridge to define new zones of mineralization.

About Xemplar Energy Corp.

Xemplar Energy Corp. is a Canadian-based resource company focused on uranium exploration in Namibia. Through Namura Mineral Resources Pty., its wholly-owned Windhoek, Namibia-based subsidiary, the Company currently holds Exploration Prospecting Licenses (EPL) for the Cape Cross, Aus, Garub and Warmbad properties totaling 7,400 square kilometers.

The primary focus of Xemplar Energy's work in Namibia is the Warmbad project, where the Company has been actively engaged in an exploration drilling program where significant uranium mineralization is being encountered. The company had originally identified 14 large, anomalously radioactive alaskitic bodies, which have since been redefined as five larger bodies as some of the original alaskite bodies merge with each other. Of these, the Aluriesfontein is the largest, covering 36 square kilometres. Alaskitic rocks also host the Rossing mine in Namibia, which produced 3,046 tonnes, representing 7% of the global production of uranium oxide in 2007.

With nearly $16.0 million (CDN) cash on hand, the Company is in a strong financial position to execute its exploration programs for the next 24 months.

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 Big Yellow
(using a 100 parts per million (PPM) / 0.01% U3O8 cut-off grade)

Big Yellow East

--------------------------------------------------------------------
Grades
From To Width (parts Grades
Hole Number (metres) (metres) (metres) per million) (Pct.)
--------------------------------------------------------------------
RCBYE0055 5 6 1 130.6 0.013%
--------------------------------------------------------
82 86 4 127.5 0.013%
--------------------------------------------------------
Including 83 84 1 256.5 0.026%
--------------------------------------------------------------------

Big Yellow Centre

--------------------------------------------------------------------
Grades
From To Width (parts Grades
Hole Number (metres) (metres) (metres) per million) (Pct.)
--------------------------------------------------------------------
RCBY0032 14 16 2 122.2 0.012%
--------------------------------------------------------
33 37 4 104.4 0.010%
--------------------------------------------------------
42 44 2 139.3 0.014%
--------------------------------------------------------
46 54 8 154.0 0.015%
--------------------------------------------------------
Includes 53 54 1 229.3 0.023%
--------------------------------------------------------
62 64 2 104.2 0.010%
--------------------------------------------------------------------

--------------------------------------------------------------------
RCBY0033 24 27 13 134.7 0.013%
--------------------------------------------------------
Includes 24 25 1 206.1 0.021%
--------------------------------------------------------
Includes 36 37 1 227.2 0.023%
--------------------------------------------------------
47 49 2 103.4 0.010%
--------------------------------------------------------
64 76 12 136.8 0.014%
--------------------------------------------------------
Includes 66 69 3 226.5 0.023%
--------------------------------------------------------
80 85 5 124.4 0.012%
--------------------------------------------------------------------

Big Yellow West

--------------------------------------------------------------------
Grades
From To Width (parts Grades
Hole Number (metres) (metres) (metres) per million) (Pct.)
--------------------------------------------------------------------
RCBYW0017 19 21 2 102.0 0.010%
--------------------------------------------------------
73 76 3 106.1 0.011%
--------------------------------------------------------
32 33 1 139.5 0.014%
--------------------------------------------------------
73 76 3 102.9 0.010%
--------------------------------------------------------
80 81 1 108.0 0.011%
--------------------------------------------------------
85 89 4 106.1 0.011%
--------------------------------------------------------
101 102 1 124.4 0.012%
--------------------------------------------------------
111 116 5 129.4 0.013%
--------------------------------------------------------
Includes 112 113 1 318.8 0.032%
--------------------------------------------------------
129 130 1 532.2 0.053%
--------------------------------------------------------------------

--------------------------------------------------------------------
RCBYW0018 0 9 9 119.9 0.012%
--------------------------------------------------------
16 17 1 104.5 0.010%
--------------------------------------------------------
20 25 5 126.6 0.013%
--------------------------------------------------------
Includes 24 25 1 243.5 0.024%
--------------------------------------------------------
50 55 5 123.6 0.012%
--------------------------------------------------------
110 114 4 106.0 0.011%
--------------------------------------------------------
125 129 4 106.7 0.011%
--------------------------------------------------------
132 133 1 127.4 0.013%
--------------------------------------------------------
138 143 5 107.3 0.011%
--------------------------------------------------------
147 152 5 334.6 0.033%
--------------------------------------------------------
Includes 147 148 1 649.7 0.065%
--------------------------------------------------------
171 175 4 101.7 0.010%
--------------------------------------------------------------------


Cautionary Statement Regarding Forward-Looking Information

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.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. Xemplar Energy Corp. seeks safe harbor.

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

Contact Information