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Energizer Resources Receives Additional Drill Assay Results from Manga Zone on its Green Giant Vanadium Project – Including 1.11% V2O5 over 22.5 metres

Posted at 6:17 a.m. on January 1, 2010

Energizer Resources Inc. (formerly Uranium Star Corp.) (OTCBB:URST) (FRANKFURT:YE5) (“Energizer” or “the Company”) is pleased to announce additional assay results for its Manga Zone on its Green Giant Vanadium Project in Madagascar.

Drill Core Assay Highlights received to date are as follows:

  • 0.86% V2O5 over 100.5 metres, including 1.11% V2O5 over 22.5 metres (Hole M-37)
  • 1.16% V2O5 over 13.5 metres (Hole M-25)
  • 0.92% V2O5 over 18 metres, including 1.02% V2O5 over 12 metres (Hole M-10)
  • 0.86% V2O5 over 21 metres (Hole M-40)
  • 0.82% V2O5 over 28.5 metres, including 0.94% V2O5 over 19.7 metres (Hole M-26)
  • 0.71% V2O5 over 85.5 metres, (Hole M-42)

Manga Zone to be Focus of Resource Calculation
The Company feels that these additional assay results continue to validate the potential of the Manga Zone to contain significant vanadium mineralization. As a result, Energizer Resources plans to initiate a resource calculation on the Manga Zone. The Company’s drill program will recommence in May, immediately following the rainy season.

Craig Scherba, P.Geol. Vice President of Exploration is the qualified person for the geological information provided in this release.

Infrastructure Synergies Expected to Provide Cost Benefits
Energizer has initiated discussions with Asia Thai Mining (Pan African Mining), one of two companies that are developing the large Sakoa coalfield, which is located approximately 30 kilometres northwest of the Green Giant Vanadium Project. Asia Thai Mining has informed the Company that the development of the coal project is expected to commence in early 2010 and will include a new port facility, road and railroad from the coast to the coalfield, a coal-fired power plant to generate electricity and a major water pipeline. Based on the information provided to the Company by Asia Thai Mining, much of the proposed infrastructure for the coal project will be relevant to the Green Giant Vanadium Project and is expected to provide significant cost savings for both capital and operating components of the Company’s Green Giant Vanadium Project. As such, the Company is continuing to investigate the potential synergies between these two projects.

Taiga Consultants Ltd. is continuing to conduct the Company’s exploration activities on the Green Giant Vanadium Project and PEG Mining Consultants Inc. continues to provide engineering expertise for the project, including oversight of the metallurgical work currently underway at Mintek Laboratories in South Africa and the preparation of an order of magnitude study which will form the basis of a National Instrument 43-101 compliant preliminary economic assessment for the project.

For more information, please visit our website at www.energizerresources.com

Or contact:

Brent Nykoliation, Vice President of Business Development
Energizer Resources Inc.
Toll Free: 800.818.5442 or 416.364.4911
Email:  bnykoliation@energizerresources.com

or

Julie Lee Harrs, President and COO

Cautionary Statement: The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. 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 expectations and projections set out herein.


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