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EXT - Extract Resources Limited - Update regarding possible offer for Kalahari Minerals Extract Resources Limited Registration No. ABN 61 057 337 952 Registered as an external company in Namibia ISIN Code: AU000000EXT7 NSX Share Code: EXT Update regarding possible offer for Kalahari Minerals Extract Resources Ltd (ASX/TSX/NSX: EXT) ("Extract") notes the announcement on the London Stock Exchange by Kalahari Minerals ("Kalahari"), Extract`s 42.76% shareholder, confirming that discussions between Kalahari and CGNPC Uranium Resources Co Ltd ("CGNPC-URC") remain ongoing in relation to a possible cash offer by CGNPC-URC for Kalahari. Extract also notes that the deadline for CGNPC-URC to announce a firm intention to make an offer for Kalahari has been extended to 17 June 2011 by mutual agreement. As previously announced, Extract has made submissions to the Australian Securities and Investments Commission ("ASIC") around the potential requirement for, and terms of, a downstream offer by CGNPC-URC for Extract. ASIC has not yet informed Extract of its ruling on this matter. The independent directors of Extract will keep shareholders informed of any further developments. In the meantime, Extract intends to continue with its existing activities, which include the Husab Mine Optimisation and Resource Extension (MORE) programme, exploration drilling and the ongoing partnership process to evaluate development options for the Husab Uranium Project. For further information, please visit www.extractresources.com On behalf of the Board of Directors, Jonathan Leslie Managing Director Windhoek, 5 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: 05/05/2011 12:18:01 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.
