Xemplar Energy Corp.
TSX VENTURE : XE
FRANKFURT : E7R

Xemplar Energy Corp.

January 20, 2011 18:29 ET

Xemplar Provides Update on Namibian Uranium Exploration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2011) - Xemplar Energy Corp. (TSX VENTURE:XE)(FRANKFURT:E7R)(NAMIBIA:XEM) is pleased to provide further assay results from recent exploration work carried out on its Cape Cross uranium project in Namibia.

Cape Cross Project

The Cape Cross project consists of three adjoining EPL's (exploration prospecting licences) which cover a combined area of 2,041 square kilometers and are situated within the uranium corridor in Namibia. World-class uranium mines such as Rossing and Langer Heinrich are located within the uranium corridor, as well as uranium deposits (Trekkopje, Valencia, Rossing South, Idadome, Marenica, Tubas and Etango), which are being developed.

An extensive and systematic ground exploration program, covering an approximate 49-kilometer area, has now been completed. Uranium mineralization has been detected both in calcrete and alaskite rocks. These two geological environments host the major uranium deposits in Namibia.

Within the boundaries of Xemplar's current property holdings, General Mining & Finance Corp. Ltd., and Gold Fields Prospecting (Pty.) Ltd. completed a significant amount of trenching as well as a shallow (maximum 25 meters) surface drilling program in the Mile 72 area during the 1970's to expose both pedogenic and primary uranium mineralization. Regional and detailed surface radiometric surveys discovered approximately eight radiometric anomalies.

Work Program Completed

A new target area has been identified to the west of the historic workings which displays high grade surface uranium mineralization. An extensive and systematic ground exploration program, covering an approximate 49 square kilometer area has been completed. The ground exploration program consisted of geological mapping, surface radiometric surveys (utilizing a RS-125 Spectrometer) at 200m intervals along 7 parallel traverses; spaced one kilometer apart, as well as grab samples being collected at 200 meter intervals along the traverses. Small pits were dug to expose the lithologies in areas overlain by alluvial cover and of which the latter is masking the surface radiometric response. Uranium mineralization has been detected both in calcrete and alaskite rocks. These two geological environments host the major uranium deposits in Namibia. Grab samples have returned values between U-938 ppm (parts per million) and U-13,300 ppm (RS-125 Spectrometer) with a 170 tcps (total counts per second) background. Grab samples greater than 1,000 tcps were selected for assaying.

Assay Results

XRF assay data for the most recent batch of 48 grab samples have been received and are presented below.

  Sample ID U3O8 ppm Th ppm
Traverse 1 B01612 588 <10
  B01613 1816 <10
  B01614 586 14
  B01615 262 13
  B01616 56 11
Traverse 2 B01617 126 <10
  B01618 76 17
  B01619 105 10
  B01620 1162 <10
  B01621 793 <10
Traverse 3 B01622 182 <10
  B01623 207 <10
Traverse 4 B01624 177 <10
  B01625 77 <10
  B01626 261 <10
  B01627 290 <10
  B01658 623 <10
  B01659 203 <10
Traverse 5 B01628 26 <10
  B01629 123 <10
  B01630 662 <10
  B01631 304 <10
  B01632 766 <10
  B01633 251 10
  B01634 191 16
  B01635 2370 <10
  B01636 52 15
  B01637 45 19
  B01638 113 37
Traverse 6 B01639 1323 11
  B01640 3319 17
  B01641 297 10
  B01642 98 <10
  B01643 455 <10
  B01644 248 <10
  B01645 337 <10
  B01646 542 <10
  B01647 116 <10
  B01648 246 <10
Traverse 7 B01649 82 <10
  B01650 47 <10
  B01651 1404 <10
  B01652 1785 <10
  B01653 226 <10
  B01654 739 <10
  B01655 374 <10
  B01656 427 <10
  B01657 40 <10

Previously released assays on the same grid.

  Sample ID U3O8 ppm Th ppm
Traverse 1 B01501 74 <10
Traverse 2 B01502 10 12
  B01503 99 <10
  B01504 4597 <10
  B01505 874 <10
Traverse 3 B01506 63 <10
  B01507 190 <10
  B01508 102 <10
  B01509 587 <10
  B01510 1306 <10
  B01511 284 <10
Traverse 4 B01512 56 <10
  B01513 106 12
  B01514 1240 <10
  B01515 351 <10
Traverse 5 B01601 1531 <10
  B01602 790 <10
  B01603 230 <10
  B01604 1210 <10
  B01605 1083 <10
  B01606 157 <10
  B01607 1078 10
  B01608 142 <10
Traverse 6 B01609 12 13
Traverse 7 B01610 2464 <10
  B01611 335 <10
 *Previously disclosed in press release dated November 30, 2010.

Planned Exploration Program for 2011

Sampling in the present grid area will continue in early 2011, on traverses spaced 500 meters apart. Anomalous areas will be in-filled with traverses at a 250 meter spacing to increase the resolution and to outline the areas containing the highest uranium grades. On completion of the analysis and evaluation of all the geological, structural and assay data, a surface drill program will be carried out to test mineralization at depth across delineated target areas.

Samples collected, from the current program, were tested at SGS South Africa (Pty.) Ltd. in Booysens, South Africa, using XRF spectrometer, an accredited method. This laboratory is ISO-17025 certified. Grab samples are selective by nature and are unlikely to represent average grades for the property.

Technical information in this news release has been prepared and/or reviewed by Mike Magrum, PEng, a director of the company and a qualified person as defined in National Instrument 43-101.

On behalf of the Board of Directors,

Xemplar Energy Corp.

Simon Tam, CEO and Director

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

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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