ext appoints kalahari director

The plot thickens.

ASX RELEASE

16 July 2008
Company Announcements Office
Australian Stock Exchange Limited
20 Bridge St
SYDNEY NSW 2000

Dear Sir / Madam,

Appointment of Additional Non-Executive Director – Mr Stephen Galloway
The Extract board are pleased to announce the appointment of Mr Stephen Galloway as a non-executive director to the board of Extract Resources Limited.
Mr Galloway (51) is a Namibian resident and has extensive experience working in Namibia across mining, energy, investment and financial sectors. He began his career as a geologist, working with various Namibian companies, after which he held a number of positions within the Namibian Government including Chief Mineral Economist, Under Secretary of the Ministry of Trade and Industry and Executive Director of the Namibian Investment Centre. He is a director of AIM listed Kalahari Minerals plc and of NedCapital Namibia (Pty) Ltd, a company that provides specialised project and corporate finance products and financial services to the Namibian market.
Mr Galloway’s extensive Namibian experience and background in geology, which includes specific experience with Extract’s project areas, make him an ideal addition to the board. All Directors and staff look forward to working together with him as we continue to accelerate the Company’s Namibian uranium projects towards development.
An Appendix 3X - Initial Director’s Interest Notice for Mr Galloway is attached.
Yours sincerely

Rance Dorrington

COMPANY SECRETARY