Attached please find a press release on: A rebound in the uranium spot price next year and the emergence of the Rossing South uranium project in Namibia as a producer from 2014 would help Perth-based Extract Resources Limited emerge as owner of the second largest uranium mine globally, the Company said today.

Addressing the second day today of the three day Paydirt 2010 Africa Downunder Conference, in Perth, Extract's new Chief Executive Officer, Mr Jonathan Leslie, said new uranium supply required to fill shortfalls from 2015 would precipitate higher U3O8 prices.