To: marcos who wrote (6314 ) 1/11/2007 4:31:11 PM From: siempre33 Read Replies (2) | Respond to of 30229 Aldershot gets Kariba prospecting licence, surveys... 2007-01-11 13:55 ET - News Release Mr. Jeremy Caddy reportsURANIUM - ZAMBIAN PROSPECTING LICENCE GRANTED According to Aldershot Resources Ltd., further to its news releases in Stockwatch dated Feb. 18, 2005, and April 12, 2005, the Kariba prospecting licence has now been granted. The Kariba prospecting licence (LSPL310) is located in the southern province of Zambia and on the northern shores of Lake Kariba. The Kariba prospecting licence covers approximately 780 square kilometres and is almost entirely underlain by the Carboniferous- to Jurassic-aged Karoo supergroup on the edge of the mid-Zambezi rift valley. Potential for sandstone-hosted uranium deposits within the Upper Karoo escarpment grit (both as detrital deposits and fracture/fault-controlled mineralization) has been recognized in this area and the area was actively explored in the 1970s and early 1980s by international companies. The company's prospecting licence lies south of the Mutanga, Dibwe, Bungua and Njame prospects and east of the Chisebuka and Munyumbwe prospects. In September, 2006, a JORC-compliant (joint ore reserves committee) inferred resource estimate of 16.4 million tonnes at 380 parts per million U3O8 at a 200-part-per-million U3O8 cut-off was reported (ASX, Omega Corp.'s quarterly report) for the Mutanga and Dibwe areas with the Dibwe prospect approximately 15 to 23 kilometres (10 to 15 miles) north of Aldershot's prospecting licence. In addition, recent exploration by Energy Venture Ltd.'s subsidiary, African Energy Resources Ltd., over the Njame North deposit (58 km or 36 miles to the northeast) has identified a JORC-compliant inferred resource of 5.5 million tonnes at 400 parts per million U3O8 (200-part-per-million U3O8 cut-off) containing 2,200 tonnes or 4.8 million pounds of U3O8 (ASX report dated Sept. 19, 2006). The above results have not be validated by the company and do not comply with National Instrument 41-103 reporting requirements and should not be interpreted as such, and are reported only to show the potential of the area and identify mineralized zones that can reasonably be expected to extend onto the company's ground. These statements have been compiled by Ian Faris who is the company's vice-president of exploration. Management is excited to have this licence approved as it contains approximately 100 km of the prospective Upper Karoo escarpment grit host to uranium mineralization with published uranium resources along strike to the northeast and known prospects about three km to the west of its boundary. Data compilation has commenced and an airborne survey will be undertaken once a contract is finalized and the conditions are suitable.aldershotresources.com