December 1, 2011: Extract Resources Ltd (ASX/TSX/NSX: EXT) ("Extract") is pleased to announce that the Ministry of Mines and Energy of the Republic of Namibia has now issued the Mining Licence (ML171) for the Husab Uranium Project.
Issuance of the Mining Licence follows the receipt by the company of a notice of preparedness, as announced on November 30, 2011, and the acceptance by Swakop Uranium (Pty) Ltd, a wholly owned subsidiary of Extract and the holder of the licence, of the terms and conditions contained therein.
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