Extract Resources Receives Environmental Approval for Linear Infrastructure Linked to the Husab Uranium Project

SOUTH PERTH, Australia, July 25, 2011 /CNW/ --
Highlights:

    --  Environmental Impact Assessment for the linear infrastructure
        approved by Namibia's Ministry of Environment and Tourism

SOUTH PERTH, Australia, July 25, 2011 /CNW/ - Extract Resources Limited
(ASX/TSX/NSX: EXT) ('Extract' or 'the Company') today announces that
its subsidiary, Swakop Uranium, has received environmental approval
from Namibia's Ministry of Environment and Tourism for the linear
infrastructure to service its proposed Husab Uranium Project near
Swakopmund, Namibia. The linear infrastructure entails access roads,
electricity, telecommunications and water supply.

This is the second and last environmental approval needed for the Husab
Uranium Project and is in addition to the environmental approval that
the Company received in January 2011.

Extract Managing Director Jonathan Leslie said: 'Receipt of this last
environmental approval represents another key milestone as we develop
the world's fourth largest uranium deposit at Husab. We have undertaken
extensive specialist environmental studies and are committed to
ensuring our environmental standards adhere to international best
practice. With the environmental approvals now in place, we look
forward to receiving our Mining Licence from the Ministry of Mines and
Energy, the application for which was submitted in December 2010.'

About Extract Resources

Extract Resources Ltd is an international uranium exploration and
development company whose primary focus is in Namibia. The company's
principal asset is its 100%-owned Husab Uranium Project which contains
the fourth largest uranium only deposits in the world. Extensive
exploration potential also exists for new uranium discoveries in the
region. Extract Resources is listed on the Australian (ASX), Toronto
(TSX) and Namibian (NSX) Stock Exchanges.

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