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Taurus Mineral Given Green Light to Acquire Extract Resources

Taurus Mineral Limited has been granted permission by the Namibian Competition Commission (NCC) to acquire control of Extract Resources Ltd (EXT.TO). Taurus is owned by CGNPC Uranium Resources Co Ltd and the China-Africa Development Fund.

NCC consent to the possible change of control of Extract is a condition of the Taurus offer to Kalahari shareholders as set out in the offer document posted to Kalahari shareholders on January 5, 2012.

Extract's Independent Directors are continuing to review all available opportunities to maximise shareholder value, and intend to make a recommendation in relation to the Proposed Extract Offer if and when such an offer is made.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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