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

4 May 2010

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

            Major strategic investment secured from APAC Resources             

Kalahari Minerals plc, the AIM listed resource company, announces that APAC
Resources Limited (`APAC'), a major Hong Kong listed company, focussed on
natural resource investment opportunities and base metals trading, has agreed
to acquire up to a 7.1 per cent. interest in the issued share capital of the
Company.

Under the terms of the agreement between Coronet Resources Limited (`Coronet')
Kalahari and APAC (`the Agreement'), Kalahari's wholly owned subsidiary Coronet
has agreed to sell up to 16,000,000 ordinary shares in Kalahari (`the Share(s)
') at a price of £1.85 in cash per Share, equating to £29,600,000.00 (assuming
all the Shares are purchased).

The Company intends to use the proceeds from the sale of the Shares for general
working capital purposes.

Kalahari's Executive Chairman, Mark Hohnen, said, "I am delighted to welcome
APAC to our shareholder register, as this gives further support to our already
strong institutional backing. APAC has a venerable track record in the natural
resource sector, with its CEO, Andrew Ferguson, bringing a wealth of experience
of the London mining arena from his six years as co-fund manager at City
Natural Resources High Yield Trust. Of equal importance are APAC's invaluable
relationships and contacts in the Chinese commodities market, which further
strengthens Kalahari's exposure to the Asian resource sector following the
strategic shareholding taken in Kalahari by ITOCHU Corporation in March 2010.

"Our strategy to build our corporate profile with established investors is of
paramount importance to the Company at this exciting time in our development.
Accordingly, we look forward to keeping an active dialogue with APAC, as with
all of our key strategic investors, to ensure we continue to build value for
all stakeholders through the rapid development of our uranium, gold, copper and
other base metal interests in Namibia."

Under the terms of the Agreement, an initial Tranche of 4,800,000 Shares
(`Tranche 1') will be acquired by APAC on 7 May 2010 for a consideration of £
8,880,000.00. The balance of up to 11,200,000 Shares (`Tranche 2') will be
acquired by APAC in full or in part, on, or prior to, 10 June 2010. APAC has
committed to acquire a minimum of 7,432,616 of the Tranche 2 Shares by such
date for a consideration of £13,750,339.60.

A further announcement will be made, regarding the exact number of Tranche 2
Shares acquired by APAC, in due course and, in any event, prior to 10 June
2010.

                                 * * ENDS * *                                  

For further information please visit www.kalahari-minerals.com or contact:   
                                                                             
Mark Hohnen         Kalahari Minerals plc         Tel: +44 (0) 20 7292 9110  
                                                                             
Simon Raggett       Strand Hanson Limited         Tel: +44 (0) 20 7409 3494  
                                                                             
Stuart Faulkner     Strand Hanson Limited         Tel: +44 (0) 20 7409 3494  
                                                                             
Rory Murphy         Strand Hanson Limited         Tel: +44 (0) 20 7409 3494  
                                                                             
Richard Chase       Ambrian Partners Ltd          Tel: +44 (0) 20 7634 4700  
                                                                             
Rory Scott          Mirabaud Securities LLP       Tel: +44 (0) 20 7878 3360  
                                                                             
Hugo de Salis       St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177  
                                                                             
Susie Callear       St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177  

Notes to Editors:

Kalahari Minerals plc is an AIM and NSX listed resource company with uranium,
gold and base metal interests in Namibia. Its key investment is its 40.4%
holding in ASX, TSX and NSX listed Extract Resources Limited
(www.extractresources.com), which is developing the Husab Uranium Project,
strategically located directly south of Rio Tinto's producing Rossing Mine.
Work is focussing on three main prospects within the project area, Rossing
South, Ida Dome and Hildenhof, and results continue to underpin the
prospectivity of the region, particularly following the world class Rossing
South discovery. Extract has reported a JORC compliant combined Husab Resource
(Global Resource) in excess of 292 M lbs U3O8 at a grade of 439 ppm of which
267 M lbs U3O8 at a grade of 487 ppm is from the two zones at Rossing South at
100 ppm U3O8 cut-off. Importantly, these are both open ended at depth and along
strike. Kalahari believes Extract has the ground and potential to deliver on
Kalahari's estimates of a resource in the region of 550 M lbs U3O8.

Kalahari's other key investment is its circa 44.7% holding in North River
Resources plc, an AIM listed emerging southern African focussed multi commodity
resource development company.

APAC Resources

APAC Resources is a significant natural resources trading and investment group
based in Hong Kong with a focus on base metals. The Group has investments in a
range of areas including China, Australia, South East Asia, Northern America
and Africa. APAC Resources is involved in the identification and acquisition of
strategic interests in quality natural resources assets in order to build a
portfolio of long term cash generating investments and to maximise returns for
its shareholders.