REG-Kalahari Minerals PLC: Listing on Namibian Stock Exchange

Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration

29 October 2009

Kalahari Minerals plc (`Kalahari' or `the Company')

Listing on Namibian Stock Exchange

Kalahari Minerals plc, the AIM listed mining exploration and evaluation group
with a portfolio of uranium, gold and base metal interests in Namibia, is
pleased to announce that its shares began trading on the Namibian Stock
Exchange (`NSX') at 10.00 a.m. GMT this morning. This dual listing is in line
with the Company's commitment to Namibia and its strategy to increase its
exposure in the country, in order to attract further interest in its stock
amongst Namibian nationals and to develop its in country activities and
presence.

The Company organised an event in Windhoek, the capital of Namibia, to mark the
admission of its shares to the NSX, at which Kalahari Chairman Mark Hohnen made
the following speech:

"I would like to thank the Namibian Stock Exchange for facilitating the listing
of Kalahari on the NSX, which we believe is a hugely important step in our
development, and one which underlines our ongoing commitment to the country and
the development of its huge resource potential.

"Kalahari has a serious and vested long term interest in Namibia, having
operated in the country since 2005. Our group has invested circa N$500 million
Namibian dollars to date across our portfolio of uranium, gold and base metals
assets, and in particular we have supported the development of Extract
Resources, including the Nambianisation of its Board and corporate structure.

"We have come a very long way in a relatively short period of time and believe
that our investment in our Namibian portfolio will not only benefit our
shareholders but all stakeholders. The progress made by Extract, in which we
have a circa 40% shareholding, has been exceptional. By having a controlling
interest, we have been able to actively support its exploration and development
programmes and, I would like to say, we believe that we have contributed
significantly to its fantastic success.

"The world-class Rossing South uranium project, on which a Feasibility Study is
currently being conducted on Zones 1 and 2 by Extract, consistently delivers
outstanding results, and Kalahari will be continuing to work closely with
Extract over the coming years to rapidly develop it into production. As
reported by Extract, preliminary cost estimates indicate that Rossing South
could support a profitable, long life, low cost, low technical risk uranium
mine producing 14.8M lbs U3O8 per year, making it one of the world's largest
uranium mines, which is obviously outstanding news for Extract, and, of course,
for Kalahari and its shareholders, as well as for Namibia itself.

"In addition to our uranium interests, we have also retained our interest in
our gold and base metal projects in Namibia through our relationship with North
River Resources. These assets, on which we have spent approximately £8 million
on to date, will be jointly developed by Kalahari and North River, effectively
pooling together the commercial and management expertise and financial support
required to develop the assets towards production. Initial development will be
focussed on the appraisal of the heap leach copper projects and the Namib Lead/
Zinc mine, with a view to production in the medium term.

"Our intention for the future is to continue working closely with the Namibian
government and local communities in order to advance development of our assets
and in turn, make a meaningful contribution to Namibia and its people. Kalahari
remains dedicated to keeping an active dialogue with the people of Namibia and
we will continue to invest in the local infrastructure and social programmes to
the benefit of the local population.

"Amongst other initiatives, we have constructed an HIV/AIDS orphanage near the
town of Witvlei and have financed the building of a much needed pre-primary
school in Dordabis, near the Company's copper assets of the same name. These
initiatives are conducted in concert with the local people, and have had a
tremendously positive impact on the community. Additionally, we have sponsored
a full-time geology student at the University of Namibia as part of our
outreach programme to promote in country expertise.

"Relationships are integral to the development of a company such as ours. These
will prove all-important as we work together with the Government, Extract
Resources and North River Resources, to develop our portfolio and crystallise
value.

"And so today marks an important milestone for Kalahari, as we review the
progress that we have made over the past four years since commencing operations
in Namibia, and we look forward to planning how best to strengthen our Company
and improve the local areas in which we operate. We believe that such an
approach is inextricably linked to our dual listing on the NSX which, I
believe, will facilitate the perpetuation of the good work achieved so far and
will create a platform for further integration and cooperation between us and
Namibia in the future."

* * ENDS * *

For further information please visit www.kalahari-minerals.com or contact:

Mark Hohnen Kalahari Minerals Plc Tel: +61 (0) 8 9389 4488

Simon Raggett Strand Hanson Limited Tel: +44 (0) 20 7409 3494

Stuart Faulkner Strand Hanson Limited Tel: +44 (0) 20 7409 3494

Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409 3494

Richard Chase Ambrian Partners Ltd Tel: +44 (0) 20 7634 4700

Rory Scott Mirabaud Securities LLP Tel: +44 (0) 20 7878 3360

Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177

Susie Callear St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177

Notes to Editors:

Kalahari Minerals Plc is an AIM listed mining and exploration group with a
portfolio of uranium, gold and base metal interests in western and eastern
central Namibia. Its key investment is its circa 40.9% holding in ASX and TSX
listed Extract Resources Limited (www.extractresources.com), which is
developing the Husab Uranium Project, strategically located directly south of
Rio Tinto's producing Rossing Mine. Work is focussing on three main prospects
within the project area, Rossing South, Ida Dome and Hildenhof, and results
continue to underpin the prospectivity of the region, particularly following
the world class Rossing South discovery. Extract has reported a JORC compliant
combined Husab Resource (Global Resources) in excess of 292 M lbs U3O8 of which
267 M lbs U3O8 at a grade of 487 ppm from the two zones at Rossing South.
Importantly these are both open ended at depth and along strike. Kalahari
believes Extract has the ground and potential to deliver on Kalahari's
estimates of a resource in the region of 500 M lbs U3O8.

Kalahari's copper interests are focused on two project areas, Dordabis and
Witvlei, where an exploration programme is underway to define +250,000 tonnes
of copper metal. A third project, Ubib, is believed to be prospective for gold
mineralisation, whilst a forth project, the Namib Lead Zinc Project, centred on
the old Namib Lead Mine, contains surface tails and underground mining reserves
of 1.65 million tonnes at 5.7% zinc, 1.6% lead and 40.2 g/t silver (non JORC
compliant). Kalahari aims to take this final project to bankable feasibility
study stage with a view to recommencing mining operations in the short term.

END