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EXT - Extract Resources Limited - Update regarding possible offer for Kalahari Minerals plc 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 plc Extract Resources Ltd (ASX/TSX/NSX: EXT) ("Extract") notes the announcement by the UK Takeover Panel ("the Panel") on 10 May 2011 that the Hearings Committee of the Panel has rejected the appeal by Kalahari Minerals plc ("Kalahari") in relation to the possible offer from CGNPC Uranium Resources Co. Ltd ("CGNPC- URC"). Extract also notes CGNPC-URC`s subsequent announcement on 10 May 2011 made under Rule 2.8 and other relevant provisions of the City Code on Takeovers and Mergers, withdrawing its possible offer for Kalahari on the terms announced on 7 March 2011. Extract is continuing with its existing activities, which include the Husab Mine Optimisation and Resource Extension (M.O.R.E.) programme, exploration drilling and the ongoing partnership process to evaluate development options for the Husab Uranium Project. The independent directors of Extract will keep shareholders informed of any further developments. About Extract Resources Extract Resources Ltd is an international uranium exploration and development company whose primary focus is in Namibia. The company`s principal asset is its 100%-owned Husab Uranium Project which contains one of the fifth largest uranium only deposits in the world. Extensive exploration potential also exists for new uranium discoveries in the region. Extract Resources is listed on the Australian (ASX), Toronto (TSX) and Namibian (NSX) Stock Exchanges. On behalf of the Board of Directors, Jonathan Leslie Managing Director Windhoek, 11 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: 11/05/2011 16:01:47 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.
