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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 Produced by the JSE SENS Department.
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