Namibian Resources Plc
                    ("Namibian" or "the Company")
                                  �
                 3rd & 4th Quarter production update
                                  �
Production update for period 1st September 2007 to 29th February 2008
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Highlights

  *�Increase in production
  *�Increase in identified resource
  *�Mining to date has still not touched the originally identified
    resource
  *�Streamlining of production process

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Production in the second half increased by 450 carats compared to the
first half  of  the  current  financial year,  which  ended  on  29th
February 2008.�
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All the mining completed by the  Company to date has been outside  of
the originally identified resource of the 'Pomona' licence area  when
it was first granted to the Company. Dr Donald G Sutherland our Chief
Operations Director  has carried  out an  appraisal of  the  sampling
results and  resource  estimates  to  date and  has  created  a  good
geological  model  of  our  total  resource  and  our  sampling   has
identified an  additional  resource  of  5,500  carats.  The  Company
intends to  continue  its  sampling  programme  to  ensure  an  ample
resource is available  in each  block identified in  the mining  plan
ahead of mining commencing. In  addition the sampling programme  will
be expanded to allow the Company to assess the potential of a  number
of unexplored areas within the 'Pomona' licence area.
�
In our production  update of  27th September 2007,  we announced  our
intention to streamline our  production process and lower  production
costs by relocating our screening plants and equipment closer to  the
identified diamond resources  that were scheduled  for extraction  in
the next  phase of  the  Company's mining  plan.  By doing  this  the
Company  will  be  able  to  reduce  trucking  distances,  speed   up
production and reduce  production costs particularly  in relation  to
fuel costs and wear and tear on vehicles.
�
As part of  the relocation of  the screening plants  the Company  was
required to  create two  new  water dams  and laying  a  considerable
length of new water  pipe lines.� On sampling  prior to creating  the
new water dams the Company discovered economic quantities of diamonds
on the site of one of the proposed dams, 'Saltzpfanne' where we  have
identified a  non-reporting  code  estimate  of  4,600  carats..  The
Company has proceeded to mine out  this area, prior to the  placement
of the dam.
The relocation of  the screening  plants is  nearing completion.  One
screen 'Manhattan' has  been moved  to the North  of 'East  Saltztal'
whilst the  other  screen 'Finlay'  will  move to  the  'Saltzpfanne'
location  shortly.  Thus  both  screens  will  be  able  to   operate
simultaneously and more economically. Previously the Company has only
been able to  conduct sampling by  suspending mining and  redirecting
equipment   towards   sampling.   Having   both   screens   operating
simultaneouslywill enable us to mine and sample, at the same time. In
addition  we  have  undertaken  a  good  deal  of  reconditioning  of
equipment and have  purchased additional generators  and pumps.�  All
this work will enable us to considerably increase production.�
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Contacts
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The Company
Tony Carlton, Chief Executive Officer�������������� 020 8726 0900�
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