EXTRACT RESOURCES RELEASES OUTSTANDING RESULTS AT THEIR WORLD CLASS HUSAB URANIUM PROJECT

The results reflect the quality and global significance of the Husab Uranium Project and underpin Extract’s commitment to the completion of a Definitive Feasibility Study and, in due course, the development of a mine at Rossing South.

Uranium mineralization is open down dip and along strike, with further drilling expected to upgrade the resource classification and increase the size of this massive mineralized system.

Fifteen drill rigs are currently operating at Rossing South with 14 dedicated to infill and resource drilling at Zone 1 and Zone 2.

Multiple high grade chemical assay results from Zone 1 and Zone 2 drilling, including

146m @ 639 ppm
88m @ 650 ppm
62m @ 786 ppm
21m @ 2003 ppm
23m @ 1673 ppm.

The company has completed 249,810 Metres of drilling at the Rossing South project with 225,951 Metres of this total dedicated to resource definition within Zone 1 and Zone 2.

The latest round of chemical assay results were received from 75 drill holes located throughout Zone 1 and Zone 2. Multiple intercepts of high grade mineralization were reported from drill holes within both Zone 1 and Zone 2, highlighting the strong continuity of the high grade domains.

Uranium mineralization remains open along strike and down dip with further drilling expected to increase the known dimensions of this massive mineralized system.

The company’s principal asset is its 100%-owned Husab Uranium Project which contains two known uranium deposit areas, Rossing South and Ida Dome.