Extract Resources - Strong Results - Rossing South Zone 1 and Zone 2

    SOUTH PERTH, Western Australia, Feb. 25 /CNW/ - Extract Resources ("the
Company") today announced multiple high grade chemical assay results from
Rossing South.


     -  Massive zones of high grade alaskite hosted uranium mineralisation
        continue to be intersected at Rossing South.

     -  Rossing South Zone 1 drilling increases the known dimensions of
        uranium mineralisation with future resource upgrades expected to
        boost the 108M. lb U(3)O(8) resource presently defined (ASX release
        27 January 2009).

     -  Rossing South Zone 2 infill resource definition drilling ongoing to
        define maiden resource estimate.

    Chemical assay results not previously reported from Rossing South include:

              Hole ID           From     To    Mineralised zones
                                  (m)    (m)           (U(3)O(8))
              RDD005 - Zone 2    232     305   73m @ 1060 ppm
              RDD009 - Zone 1    228     294   66m @ 1846 ppm
              RDD010 - Zone 1     68     131    63m @ 859 ppm
              and                149     187    38m @ 952 ppm
              RRC181 - Zone 1    100     258   158m @ 660 ppm
              RRC182 - Zone 1    336     393    57m @ 449 ppm
              RRC186 - Zone 1    172     256    84m @ 371 ppm
              RRC188 - Zone 1    105     138    33m @ 745 ppm
              RRC189 - Zone 1    339     389   50m @ 1069 ppm

    These results reconfirm that Rossing South is the highest grade granite
hosted uranium deposit in Namibia and the project continues to shape up as one
of the largest uranium deposits in the world.
    The intersection of 73 metres grading 1060 ppm U(3)O(8) on Zone 2, is
from a core hole drilled 200 metres north of the best section of uranium
mineralisation drilled thus far on Zone 2 (7503600 North). This drill hole
indicates that the strong zone of mineralisation remains open with good
apparent continuity of width and grade (Figure 1, 2 and 3).
    Several of the other results reported (e.g. RDD009, RRC186, 188 and 189)
are located towards the southern end of Zone 1. These results also confirm the
continuity of the high grade uranium mineralisation defined at Zone 1 and the
expectation of similar results further south along strike where drilling is
yet to be completed.
    To date only six kilometres of the 15 kilometre Rossing South trend has
been explored. Once exploration drilling resumes on this trend the Company is
confident of further discoveries of uraniferous alaskite.

    About Extract

    Extract Resources is an Australian-based uranium exploration company
whose primary focus is in the African nation of Namibia. The Company's
principal asset is its 100% owned Husab Uranium Project which contains two
known uranium deposit areas: Rossing South; and Ida Dome. Extensive
exploration potential also exists for new uranium discoveries.

    To view FIGURES 1, 2 & 3 as well as APPENDIX 1 & 2 including the table of
    new results please see URL below:

For further information:

For further information: Peter McIntyre, Managing Director; Richard
Henning, Investor Relations, rhenning@extractresources.com

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