possible third party, its happening

Now this is getting a bit more interesting, have we a possible war about to break out


Just out on the LSE, check out the volume, just jumped to 18.5 %

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

7 March 2011

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

Statement Re Possible Offer

The Board of the Company notes the recent rise in the Company's share price.

On 21 February 2011 the Company announced it was holding discussions with
Extract Resources Ltd (`Extract'), in which Kalahari holds an approximate 43%
interest, to explore various different options that might simplify the Extract/
Kalahari shareholding structure to facilitate a combination of Extract's Husab
Uranium Project with the neighbouring R?ssing Uranium Mine owned by Rio Tinto
plc. These discussions remain ongoing and there is no certainty that the
parties will reach any agreement.

The Company further confirms that it is in talks with a third party, which may
or may not lead to an offer being made for the entire issued share capital of
the Company. Discussions are continuing and a further announcement will be made
when appropriate.

Consequently the Company is considered to be in an "Offer Period" as defined in
the City Code on Takeovers and Mergers (the "Code"), and the dealing disclosure
requirements listed below will apply.

In accordance with Rule 2.10 of the Code, the Company confirms that it has
245,424,578 ordinary shares of 1 pence each in issue. The ISIN reference for
these securities is GB00B117S132.