VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2008) - Xemplar Energy Corp. (TSX VENTURE:XE)(FRANKFURT:E7R)(NAMIBIA:XEM) ("Xemplar" or "the Company") is pleased to provide further drill hole assay results from its ongoing Warmbad uranium exploration project in Namibia.
The Company has expanded its drilling program to continue the systematic evaluation of all of these alaskitic bodies on the Warmbad project. There are currently 8 drills at work. The assay results of significance from 13 drill holes are shown in the tables below:
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Big Yellow Centre
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Grade
Hole ID From(m) To(m) Width(m) (ppm U3O8)(i)
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RCBY0022 66.39 93.82 27.43 148.36
Including 70.96 75.53 4.57 193.8
Including 89.25 92.30 3.05 210.6
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RCBY0028 8.35 23.59 15.24 102.75
133.32 136.37 3.04 102.09
160.75 166.85 6.09 112.70
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RCBY0030 78.00 82.00 4.00 102.75
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Big Yellow East
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Grade
Hole ID From(m) To(m) Width(m) (ppm U3O8)(i)
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RCBYE0025 23.00 30.00 7.00 198.1
38.00 43.00 5.00 107.0
137.00 138.00 1.00 205.8
141.00 145.00 4.00 141.8
147.00 150.00 3.00 123.6
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Aluriesfontein
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Grade
Hole ID From(m) To(m) Width(m) (ppm U3O8)(i)
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RCALU0006 41.00 45.00 4.00 123.0
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RCALU0016 2.00 35.00 33.00 107.0
Including 2.00 7.00 5.00 216.6
64.00 68.00 4.00 103.6
146.00 159.00 13.00 108.5
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RCALU0021 40.00 43.00 3.00 121.0
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RCALU0022 8.00 16.00 8.00 108.4
23.00 37.00 14.00 108.3
41.00 51.00 10.00 102.1
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RCALU0025 75.00 89.00 14.00 116.1
103.00 116.00 13.00 191.0
Including 110.00 116.00 6.00 318.0
50% assays
from RCALU0025
still
outstanding
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RCALU0029 6.00 8.00 2.00 124.0
12.00 14.00 2.00 174.5
34.00 38.00 4.00 196.0
46.00 53.00 7.00 235.1
85.00 88.00 3.00 223.0
92.00 95.00 3.00 185.6
129.00 134.00 7.00 150.6
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RCALU0030 0.00 2.00 2.00 159.5
69.00 71.00 2.00 136.0
73.00 78.00 5.00 101.0
90.00 92.00 2.00 122.0
131.00 133.00 2.00 131.5
138.00 141.00 3.00 133.6
153.00 155.00 2.00 157.0
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RCALU0031 5.00 17.00 12.00 161.1
50% assays
from RCALU0031
still
outstanding
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RCALU0039 12.00 14.00 2.00 121.0
21.00 31.00 10.00 195.0
103.00 107.00 4.00 126.0
126.00 137.00 11.00 103.0
156.00 197.00 41.00 138.1
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These results, coupled with previous drill holes of significance that were reported on February 4, 2008 and June 18, 2008, are very encouraging as they confirm (a) wide zones of uraniferous granite (alaskite) at depth and (b) that the geologic model adopted by Charles Johnston, Xemplar's Chief Geologist and Exploration Manager, and his team is proving highly successful in prioritizing project drill targets. The prioritization of drill targets is founded upon an enhanced understanding of the underlying geology of the Warmbad alaskite bodies.
These early-stage drilling results show that the alaskites are relatively thin-sheeted leucogranites which were layered within the country rocks of the Namaqua metamorphic complex. Not all of the alaskites are mineralized, but the geological groundwork and the drilling continue to confirm the widespread uranium mineralization on the property.
In other developments, an additional 2 geologists have been hired, which will contribute to accelerating the exploration program at Warmbad. With the recent new hires, there are 10 geologists working under Charles Johnston.
Year-round drilling at Warmbad continues as the company remains on target with its objective of drilling over 40,000 metres by the end of 2008.
About Xemplar Energy Corp.
Xemplar Energy Corp., a Canadian-based company focused on uranium exploration in Namibia. The Company holds a 100% exploration rights in uranium properties in the Engo Valley, Cape Cross, Aus-Garub and Warmbad regions through its wholly owned subsidiary Windhoek, Namibia-based Namura Mineral Resources Pty. The Company currently holds Exploration Prospecting Licenses (EPL) for its Cape Cross, Aus and Warmbad properties and is waiting to be awarded EPLs for its Engo Valley and Garub properties. With the current EPLs that it holds, it is the largest uranium exploration license holder in Namibia. Upon being awarded the outstanding EPLs, the Company will possess a land package covering nearly 10,000 KM2, further strengthening the Company's dominant land position.
The primary focus of Xemplar Energy's work in Namibia is the Warmbad project, where the Company has been actively engaged in an exploration drilling program in a province where the potential of a significant uranium occurrence is being developed. The company had originally identified 14 large, anomalously radiometric alaskitic bodies, which has since been redefined as five larger bodies as some of the original alakite bodies overlap each other. Of these, the Aluriesfontein is the largest, covering 36 square kilometres. Alaskitic rocks also host the Rossing mine in Namibia, which contributes 7 per cent of the global uranium production.
(i) About Uranium Grades
Uranium grades are typically reported in Parts Per Million (PPM) or as a percentage. As a point of reference, 0.01% Uranium is equivalent to 100PPM or 100 grams per ton of ore material (metric). The uranium typically found in Namibia is considered to be low grade, as at the Rossing Mine, the third largest uranium mine in the world. The uranium grades from holes of significance that have been reported from the Warmbad project are consistent with the grades at a number of other uranium deposits found in Namibia. Please refer corporate presentation found on www.xemplar.ca for more information on uranium grades.
Mike Magrum, P. Eng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.
On behalf of the Board of Directors,
Simon Tam, CEO and Director
Xemplar Energy Corp.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward looking statements that are not historical facts and are subject to risks and uncertainties which could cause actual results to differ materially from those set forth in or implied herein.
FOR FURTHER INFORMATION PLEASE CONTACT:
Xemplar Energy Corp.
Simon Tam
CEO and Director
(604) 687-4191
(604) 871-9926 (FAX)
Email: info@xemplar.ca
Website: www.xemplar.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
