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Message: Xemplar Reports on Drill Results From Warmbad Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 2, 2008) - The Board of Directors of 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 Warmbad uranium exploration project in Namibia.
The Company continues to aggressively evaluate all of the alaskitic bodies on the Warmbad project. Significant assay results from drill holes are shown in the tables below:
Aluriesfontein Drill Results
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From To Width Grade PPM Grade
Drill Hole (metres) (metres) (metres) U3O8 Pct.(ii)
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RCALU14 66 68 2 104 0.010%
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76 78 2 128 0.013%
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RCALU18 22 23 1 110 0.011%
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25 27 2 115 0.012%
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RCALU25 15 17 2 126(i) 0.013%
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30 31 1 118(i) 0.012%
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75 116 41 126(i) 0.013%
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Including 103 116 13 191(i) 0.019%
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Including 110 116 6 318(i) 0.032%
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119 139 20 142 0.014%
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Including 129 133 4 198 0.020%
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Including 137 139 2 209 0.021%
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151 153 2 118 0.012%
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176 184 8 248 0.025%
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Including 180 183 3 359 0.036%
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187 188 1 372 0.037%
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197 199 2 182 0.018%
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RCALU31 0 17 17 133(i) 0.013%
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Including 5 17 12 161(i) 0.016%
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Including 8 12 4 213(i) 0.021%
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26 27 1 124 0.012%
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140 143 3 134 0.013%
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RCALU34 1 5 4 140 0.014%
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27 30 3 228 0.023%
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Including 29 30 1 334 0.033%
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33 35 2 133 0.013%
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40 44 4 204 0.020%
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80 85 5 168 0.017%
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91 93 2 101 0.010%
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99 106 7 133 0.013%
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Including 105 106 1 308 0.031%
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112 118 6 140 0.014%
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125 128 3 123 0.012%
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RCALU38 118 122 4 110 0.011%
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133 135 2 115 0.012%
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151 156 5 135 0.014%
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(i) Previously reported in August 21, 2008 News Release.
(ii) Grade reported as percentage has been rounded to the nearest
1/1000(th) percentile.
Big Yellow East Drill Results
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From To Width Grade PPM Grade
Drill Hole (metres) (metres) (metres) U3O8 Pct.(ii)
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RCBYE23 14 23 9 116 0.012%
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31 33 2 202 0.020%
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54 56 2 111 0.011%
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97 112 15 101 0.010%
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Including 97 99 2 143 0.014%
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Including 105 107 2 159 0.016%
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RCBYE27 10 13 3 154 0.015%
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19 21 2 124 0.012%
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23 25 2 173 0.017%
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44 46 2 189 0.019%
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RCBYE31 22 24 2 224 0.022%
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122 141 19 179 0.018%
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Including 122 123 1 422 0.042%
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Including 125 127 2 363 0.036%
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Including 131 133 2 306 0.031%
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RCBYE35 25 28 3 123 0.012%
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119 123 4 222 0.022%
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127 129 2 143 0.014%
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142 143 1 206 0.021%
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(ii) Grade reported as percentage has been rounded to the nearest
1/1000(th) percentile.
Big Yellow Centre Drill Results
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From To Width Grade PPM Grade
Drill Hole (metres) (metres) (metres) U3O8 Pct.(ii)
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RCBY11 4 6 2 126 0.013%
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15 16 1 105 0.010%
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98 103 5 168 0.017%
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109 111 2 133 0.013%
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113 114 1 118 0.012%
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125 126 1 142 0.014%
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128 131 3 180 0.018%
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133 134 1 168 0.016%
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138 139 1 195 0.020%
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RCBY18 23.8 25.3 1.5 183 0.018%
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54.3 55.8 1.5 119 0.012%
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72.6 75.6 3 185 0.019%
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93.9 95.4 1.5 136 0.014%
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116.8 118.3 1.5 141 0.014%
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124.4 125.9 1.5 150 0.015%
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(ii) Grade reported as percentage has been rounded to the nearest
1/1000(th) percentile.
Leopard Trap Drill Results
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From To Width Grade PPM Grade
Drill Hole (metres) (metres) (metres) U3O8 Pct.(ii)
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RCLT1 35 38 3 203 0.020%
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47 54 7 238 0.024%
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Including 49 51 2 419 0.042%
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RCLT3 46 48 2 110 0.011%
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127 128 1 388 0.039%
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140 144 4 124 0.012%
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RCLT4 96 98 2 177 0.018%
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102 103 1 112 0.011%
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RCLT6 68 70 2 228 0.023%
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74 75 1 116 0.012%
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100 101 1 161 0.016%
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RCLT7 46 48 2 123 0.012%
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74 75 1 218 0.022%
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(ii) Grade reported as percentage has been rounded to the nearest
1/1000(th) percentile.
These results, coupled with previous significant drill holes that were reported on February 4, June 18, and August 21, 2008, are very encouraging as they continue to confirm wide zones of uraniferous granite (alaskite) at depth. These early-stage drilling results show that the alaskites are relatively thin-sheeted leucogranites (i.e., light colored granite rocks) 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 continues to confirm the widespread uranium mineralization on the property.
Year-round drilling at Warmbad continues as the company remains on target with its objective of drilling over 40,000 metres. To date, approximately 26,000 metres have been drilled on the various target areas. Our reporting procedure is to only report assay results of significance on our wide spaced drilling program. The drill holes that are not being reported are of tremendous value to the Company, as they provide the field management team with a better understanding of the underlying geology of the alaskite bodies. This reporting procedure will continue in the future.
About Xemplar Energy Corp.
Xemplar Energy Corp. is a Canadian-based junior resource company focused on uranium exploration in Namibia. The Company holds a 100% rights to 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, Garub and Warmbad properties totaling 7,382 square kilometers and is waiting to be awarded EPLs for its Engo Valley property. With the current EPLs that it holds, it is the largest uranium exploration license holder in Namibia. Upon being awarded the outstanding EPL for Engo Valley, the Company will possess a land package covering nearly 8,500 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.
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,
Xemplar Energy Corp.
Simon Tam, CEO and Director
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.
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Xemplar Energy Corp.
Simon Tam
CEO and Director
(604) 687-4191
(604) 871-9926 (FAX)
Email: [email protected]
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.
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