The following plan highlights the drilling that has been completed todate and clearly shows the Rossing Mine stratigraphy trending into Extract'sHusab licence and under the Namib Desert cover.

About Extract

Extract Resources is an Australian-based uranium exploration companywhose primary focus is in the African nation of Namibia. The Company'sprincipal asset is its 100%-owned Husab Uranium Project which contains threeknown uranium targets: Ida Dome; Hildenhof; and Rossing South. Rossing Southrepresents the Company's first new discovery in this area with "world class"potential. Extract is listed on the ASX and the TSX under the ticker symbol"EXT". For more information on Extract visit www.extractresources.com.

The information in this report that relates to Exploration Results,Mineral Resources or Ore Reserves is based on information compiled byMr Martin Spivey, who is a Member of The Australasian Institute of Mining andMetallurgy and Mr Andrew Penkethman who is a Member of the AustralianInstitute of Geoscientists. Mr Spivey and Mr Penkethman are both full timeemployees of the Company. Mr Spivey and Mr Penkethman have sufficientexperience which is relevant to the style of mineralisation and type ofdeposit under consideration and to the activity which they are undertaking toqualify as a Competent Person as defined in the 2004 Edition of the'Australasian Code for Reporting of Exploration Results, Mineral Resources andOre Reserves'. Mr Spivey and Mr Penkethman consent to the inclusion in thisreport of the matters based on their information in the form and context inwhich it appears.

Reference to down hole spectrometer results in this announcement refersto data collected by consulting geophysical contractor Terratec GeophysicalServices undertaking down hole logging with a Gamma Ray Spectrometer (GRS42).This unit was calibrated at the Pelindaba facility in South Africa beforearriving on site. The uranium values are recorded as parts per million (ppm)eU3O8 which is equivalent to ppm U3O8. Whilst results from this unit providean indication of uranium mineralisation present they may also be affected byuranium mobility and disequilibrium. These factors should be considered wheninterpreting eU information while waiting for confirmation chemical assayresults.

Reference to hand held spectrometer results refers to use of a Companyowned Exploranium, GR-135 Plus, hand held spectrometer. The uranium values arerecorded by placing the unit on the bulk RC sample bags and expressed as partsper million (ppm) eU which is equivalent to ppm U. Results from these unitsprovide an indication of uranium mineralisation they may also be affected byuranium mobility and disequilibrium. These factors should be considered wheninterpreting eU information whilst waiting for confirmation chemical assayresults.

To view Appendix 1, Husab Project - Rossing South Prospect, and

Appendix 2, Table of New Results, please click here:

http://files.newswire.ca/476/Extract_appendices.doc