Energizer Resources Inc. (ENZR) Moves to Secure Permitting on Huge Vanadium Deposit in Madagascar, Hosts Governmental Delegation, Reports on Advanced Vanadium Extraction Techniques

Energizer Resources, the Toronto-based mineral developer currently focused on its 100% owned Green Giant vanadium deposit in Madagascar (one of the largest known deposits in the world), made a significant stride towards finalizing the prep-work and permitting for the Green Giant mine site, hosting a prestigious delegation in May from the Madagascar government.

The delegation included the Prime Minister, Minister of Mines and other key ministerial officials, including the engineer responsible for handling the Green Giant’s pending environmental evaluation for the Ministry of Mines. This was an excellent opportunity for ENZR to showcase the minimal impact of the designed site and benefit to the local economy/community.

Principal Geologist and VP of Exploration at ENZR, Craig Scherba, who is also a Director of the Company, led the tour and rigorously outlined the design for the mine site and outlying infrastructure, giving solid indications to the assembled personages that the Green Giant Vanadium Project would be a huge boon for Madagascar. Remote from populated areas yet readily accessible, the site is also at considerable distance from any environmentally sensitive areas, making the Green Giant an ideal development location.

Plans for the outlying infrastructure have gone into high gear since the governmental visit in May, with the Company’s engineering group out of South Africa, DRA Mineral Resources, ramping up to aggressively tackle the planned layout for the mine facility and residential support village. The village is projected to support some 550 personnel and currently ENZR employs some 50 local people daily during ongoing explorative efforts, already contributing handsomely to the local economy.

Confidence is very high at ENZR that the build up and permitting process will go smoothly. Scherba and ENZR’s VP of Business Development, Brent Nykoliation, are scheduled to fly in this coming week to initiate the permitting process.

Also among the exciting news coming out of ENZR’s Green Giant project is an update on metallurgical process optimization associated with the ongoing PEA (preliminary economic assessment) study. Refinement of the vanadium extraction process, confirmed with the help of 30-year vanadium industry veteran George Annandale, by SGS Mineral Services (Lakefield) in 2010, is a major advantage for the Company here. Annandale, who is directing the SGS test work as part of the PEA study, extolled the adaptation of alkaline pressure leeching that is widely used in uranium ore treatment for vanadium extraction, citing 82% recovery rates.

Among the relevant PEA study data:

• The vast majority of all buildings, including the residential village have complete layouts and plans including pricing estimates, with a full suite of staple locales
• Fire control and water supply/treatment are both either planned or nearly done and being priced
• Logistical studies are underway to optimize shipping/transport
• Local company AGETIPA is currently conducting environmental/socio-economic studies

For more information on developments at the Green Giant Vanadium Project, or for more information on Energizer Resources Inc., please visit the Company’s website at www.energizerresources.com

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