Re: Kalahari Minerals & NWT Uranium Announc...

For release at 1330hrs 25th January, 2010

                            Emerging Metals Limited                            

("EML", "Emerging Metals" or "the Company")

      Investment in Kalahari Minerals Plc and Announcement of NWT Uranium      

The Directors of Emerging Metals Limited (AIM: EML) note the announcement of
NWT Uranium Corp. (TSX-V: "NWT") on 20th January 2010 advising that NWT will be
taking immediate steps to requisition an EGM of shareholders of Niger Uranium
Limited ("Niger Uranium"). NWT holds approximately 35% of the outstanding
issued shares of Niger Uranium which carry a right to vote at shareholder
meetings.


At the General Meeting to be convened at NWT's request, NWT proposes that Niger
Uranium shareholders vote on a composite resolution for (i) the removal of
Niger Uranium's Executive Chairman, David de Jongh Weill, as a director and his
replacement with Wayne Isaacs, and (ii) the authorization of the Niger Uranium
board to take the necessary steps to seek the distribution by Kalahari Minerals
Plc (AIM: KAH) ("Kalahari") of not less than 90% of its shares in Extract
Resources Limited (ASX/TSX/NSX: EXT) ("Extract") to shareholders of Kalahari.
NWT's management would, if successful, recommend that substantially all of the
Extract shares be subsequently distributed to Niger Uranium shareholders by way
of a special dividend. Niger Uranium currently holds approximately 13% of the
outstanding shares of Kalahari and Kalahari currently indirectly holds
approximately 41% of the outstanding shares of Extract.

While Emerging Metals is not a shareholder of NWT, it is a significant
shareholder of Kalahari holding 17,835,294 shares of Kalahari, representing
approximately 8.53% of Kalahari's outstanding shares. The Directors of Emerging
Metals wish to go on record stating that they will oppose the distribution of
the Extract shares held by Kalahari as they view it as a value destructive
move. The Directors of Emerging Metals therefore believe that it is in the best
interests of Kalahari shareholders that Kalahari's 41% interest in Extract be
retained by Kalahari and not be distributed to shareholders.

- ends -

Contact details

  Emerging Metals   Blomfield Corporate Fox-Davies Capital          GTH        
      Limited         Finance Limited         Limited                          
                                                              Communications   
                                                                               
    Jim Mellon          Toby Howell      Daniel Fox-Davies       Toby Hall     
                                                                               
    Denham Eke             Peter                             Christian Pickel  
                      Trevelyan-Clark                                          
                                                                               
[phone]   [phone]     [phone]     [phone]  
                           4500                5200                8035