6X RETURN IN 12 MONTHS

21 December 2006


Namibian Resources PLC
9 Monthly Progress Report



Namibian Resources ('Namibian'), the AIM-quoted diamond mining group, announces
an update with regards to the sampling campaign in the Annatal area. The
sampling campaign is an important part of the exploration programme at Annatal
as it will provide key data relating to grade and value per carat.



CEO's statement - Encouraging sampling results from Annatal area



In our six monthly report we advised of our intention to undertake a sampling
programme on the Annatal area just north of East Saltztal. This was due to
ground water restricting our mining activities on the East Saltztal. The
Annatal area is approximately 2km long and is 300 meters wide narrowing to
approximately 150 meters from north to south.



So far we have completed ten trenches in blocks of 3 meters by 30 meters. All
of the trenches have proved positive and the average size has exceeded the
indications from the old German sampling records of .25 to 1 carat. In certain
trenches water was encountered at depth from seepage which has slowed the
sampling programme. However, the weather has been good and the East Saltztal
has dried sufficiently to continue mining from 2nd January. The West Saltztal
water has receded somewhat and a further small pocket has been discovered
containing some 200 carats north of the flooded area.



Our consultant geologist is in course of analysing our sampling results in order
to establish the grade (carats per hundred tons) so as to prove viability for
mining. The result will be announced as soon as available although some further
work may be required.



During this quarter we produced a total of 628 carats comprising re-circulation
of old tailings and sampling recovery. Tailings are processed during the
intervals between sampling recovery. It is reassuring that carat production in
the year to date has now exceeded the production for the whole of the last
financial. We are confident that the sampling programme will provide a
profitable mining programme when the East & West Saltztal resources are
exhausted.