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EXT - Extract Resources Limited - Extract confident the Husab Uranium Project will not be adversely affected by proposed changes to Namibian Minerals Policy Extract Resources Limited Registration No. ABN 61 057 337 952 Registered as an external company in Namibia ISIN Code: AU000000EXT7 NSX Share Code: EXT Extract confident the Husab Uranium Project will not be adversely affected by proposed changes to Namibian Minerals Policy Extract Resources Ltd (ASX/TSX/NSX: EXT) ("Extract") endorses the press statement on 29 April 2011 (attached) by The Chamber of Mines of Namibia which outlines the Chamber`s position with respect to statements made by the Namibian Mines and Energy Minister, Hon. Isak Katali, on 20 April 2011 regarding the potential involvement of state-owned mining company Epangelo (Pty) Ltd in strategic minerals in Namibia. Extract is confident that the proposed policy changes will not adversely affect its Exclusive Prospecting Licences (EPL) or its Husab Uranium Project Mining Licence Application (MLA), lodged on 10 December 2010. Extract continues to have regular and positive consultation with the Government of Namibia in relation to its Husab Uranium Project and points out that EPL 3138, which applies to the area within which the Husab Uranium Project Mining Licence Application is situated, was recently renewed for a further two year period to 30 April 2013. For further information, please visit www.extractresources.com On behalf of the Board of Directors, Jonathan Leslie Managing Director Windhoek, 3 May 2011 Registered Office Swakop Uranium (Pty) Ltd 3 Schutzen Street Windhoek Namibia Sponsor IJG Securities (Pty) Ltd Member of the NSX 100 Robert Mugabe Avenue P O Box 186, Windhoek, Namibia Registration No. 95/505 Date: 03/05/2011 14:01:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
