kalahari board appointment

Board Appointment

23 April 2010
Kalahari Minerals plc (`Kalahari' or `the Company')

Appoints ITOCHU Nominated Non-Executive Director

Kalahari Minerals plc, the AIM listed resource company, announces the appointment of Mr. Takashi Yasuda as a Non-executive Director to the board of Kalahari (`the Board') with immediate effect. This appointment, which follows the strategic investment made in Kalahari by the major Japanese trading house, ITOCHU Corporation (`ITOCHU') through its wholly owned subsidiary Nippon
Uranium Resources (Australia) Pty Ltd (announced on 26 March 2010) is designed to ensure that the strategic relationship between the two companies is maximised to the benefit of all stakeholders.

Kalahari's Executive Chairman, Mark Hohnen, said, "I would like to welcome Mr.Takashi Yasuda to the Board and look forward to working closely with him. We believe that the experience of ITOCHU in the uranium sector and in Namibia, as well as the political and financial backing it receives from the Japanese Government, will be highly beneficial to our active strategy with regards to
the development of Extract Resources and its R�ssing South mine. The project is targeted to be in production by 2013 and both parties are fully committed to being active participants, with the intention being to ensure that Extract receives all the relevant support to ensure that development at the world-class R�ssing South uranium project is fast tracked and its full potential realised
for the benefit of all shareholders."

The agreement between the two parties entitles ITOCHU to maintain a nominated ITOCHU representative on the Board, as a non-executive director, conditional upon ITOCHU (or any member of its group) being interested (either conditionally or unconditionally) in at least 13.5% of the entire issued share capital of the Company (`the Agreement').

The Agreement further provides that should ITOCHU's shareholding be diluted by a further issue of shares on a non pre-emptive basis, in which ITOCHU had not been invited to participate, its right to appoint a non-executive director will be upheld. However, in the event that ITOCHU's shareholding is reduced to below 10% of the entire issued share capital of Kalahari for a continuous period of more than 15 days, the Agreement will terminate with immediate effect.

Mr. Yasuda, aged 47, is or has been a director of the following companies during the previous five years:

Current Directorships: Directorships held within the previous five years:

JB BioEnergy Inc. Itochu Petroleum Co., (Singapore) Pte Ltd

FNI biofuel Sdn Bhd.

There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule Two paragraph (g) of the AIM Rules.

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