Kalahari to Continue Focus on Lamaque Project in 2009

About this update from Icg Silver & Gold Ltd.

Kalahari to Continue Focus on Lamaque Project in 2009 Vancouver, British Columbia CANADA, February 27, 2009 /FSC/ - Kalahari Resources Inc.  (KLA - TSX Venture), will focus on expanding and upgrading resources and testing new geophysical targets this year at its flagship Lamaque Property near Val d'Or, Quebec. This project lies immediately south of the Lamaque and Sigma Mines, which have produced more than ten million ounces of gold since the 1930s. "This project is situated in the heart of one of Canada's greatest gold camps," comments CEO and Director Richard Hughes. "Kalahari is well positioned to benefit from strong gold prices." Since optioning the rights to the Lamaque Property in 2003, Kalahari has earned 100% of Teck Cominco's interest in the property through exploration expenditures and various other considerations.  Kalahari has also acquired 100% of Teck Cominco's interest in the Rocdor East and Rocdor West claims, where new targets have been generated.    In 2004, the Company released an inferred resource of 1.36 million tons grading 0.186 oz. gold (cut) per ton or 0.277 oz. gold (uncut), as audited and reclassified by a NI 43-101 Technical Report. The Company will combine the results of recent drilling focused on testing for extensions of several known zones with historical drill data to generate an updated resource estimate. Subject to TSX and warrant-holder approval, Kalahari plans to re-price warrants that expire on September 12 and 28, 2009, to $0.05 per warrant with no change in their term. The Company The Company's main asset is the Lamaque Gold Property.  Complete drilling information for this project can be found on the Company's website at www.kalahari-resources.com. In addition to the wholly owned Lamaque Property, Kalahari Resources holds a 50% interest in diamond properties in the Chapleau-Wawa district of Ontario, with the balance held by partner Chalice Diamond Corp. CONTACT INFORMATION Corporate Inquiries: Kevin Hull or Alan Campbell (604) 685-2222 [email protected] Or visit the company website: www.kalahari-resources.com to see the Smartstox Interview with Richard Hughes. The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties.  Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. Source: Kalahari Resources Inc.  (TSX-V: KS) Maximum News Dissemination by Filing Services Canada Inc. * www.usetdas.com

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