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Kalahari Minerals PLC (KAH)

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Monday 05 March, 2012

Kalahari Minerals PLC

Cancellation of trading on AIM


                             Kalahari Minerals plc                             

                         ("Kalahari" or the "Company")                         

                        Cancellation of trading on AIM                         

Following the recommended cash offer for the Company by Taurus Mineral Limited
("Taurus") (a company formed at the direction of CGNPC Uranium Resources Co.,
Ltd. ("CGNPC-URC") and the China-Africa Development Fund ("CADFund")) (the
"Offer") being declared unconditional in all respects and, as at the 28
February 2012 being the date the Offer closed, Taurus having received valid
acceptances in respect of approximately 98 per cent. of the existing issued
share capital of Kalahari, the Company confirms that pursuant to AIM Rule 41 it
has applied to the London Stock Exchange for the cancellation of admission to
trading of its ordinary shares of 1 pence each in the capital of the Company
("Ordinary Shares") on AIM ("Cancellation").

Kalahari confirms that shareholder consent in general meeting of the Company,
which would otherwise be required pursuant to AIM Rule 41, will not be required
as the application for Cancellation has been made by Kalahari after the Offer
has been declared wholly-unconditional and after Taurus has become the
beneficial owner of, or has received valid acceptances in respect of, more than
75 per cent. of the issued share capital of Kalahari.

Cancellation of the AIM quote, which is conditional upon Taurus owning 100 per
cent. of the Ordinary Shares upon successful completion of the compulsory
acquisition which is expected to conclude on 3 April 2012 as announced by
Taurus on 20 February 2012, is expected to be effective from 7.00am on 4 April
2012 or as soon as practicable thereafter.

                                 * * 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      
                                                                               
Rory Murphy         Strand Hanson Limited        Tel: +44 (0)20 7409 3494      
                                                                               
Samantha Harrison   Ambrian Partners Ltd         Tel: +44 (0)20 7634 4700      
                                                                               
Hugo de Salis       St Brides Media & Finance    Tel: +44 (0)20 7236 1177      
                    Ltd                                                        
                                                                               
Susie Geliher       St Brides Media & Finance    Tel: +44 (0)20 7236 1177      
                    Ltd

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