Energizer Resources Inc.
Energizer Resources Inc.: European Research Firm Initiates Coverage on Energizer Resources Inc.
Energizer Resources Inc. / Key word(s): Miscellaneous
European Research Firm Initiates Coverage on NEWS RELEASE TORONTO, ON – December 9, 2010 Energizer Resources Inc. (TSX.V: EGZ) (OTCBB: ENZR) (FWB: YE5) ('Energizer' or the 'Company') announces that Objective Capital Research Limited ('Objective Capital') has initiated research coverage on the Company. The initiation report will be distributed to leading institutions, brokerage houses and high net worth individuals in Europe as well as in North America. For the Company's European shareholder base, the report will also be available in German. Objective Capital will issue a bi-annual review and provide updates following any major corporate announcements. A digital version of the research report is available now for download on Energizer's website at www.energizerresources.com and on Objective Capital's website at www.objectivecapital.com. About Objective Capital Objective Capital is one of Europe's leading independent research houses. Based in London, UK, Objective Capital provides in-depth institutional quality research on small and mid-cap companies. About the Green Giant Vanadium Project The Company's Green Giant Vanadium Project contains a National Instrument 43-101 compliant ('NI 43-101') indicated resource of 49.5 million tonnes at an average grade of 0.693% vanadium pentoxide ('V2O5 ') containing 756.3 million pounds of V2O5 and an inferred resource of 9.7 million tonnes at an average grade of 0.632% V2O5 containing 134.5 million pounds of V2O5. With this resource estimate, the Green Giant deposit currently ranks as the third largest known vanadium deposit in the world. About Vanadium Vanadium is well-established as a strategic metal that strengthens and hardens alloys like steel and is positioned to play a significant role in emerging battery technologies such as batteries for electric cars and for large-scale energy storage. While there are some opportunities for substitution in steel production, the same is not true for other markets, including the emerging energy (battery) storage markets, the military and particularly in the aerospace industry, where vanadium is irreplaceable. About Energizer Resources Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada. The Company's common shares are traded on the TSX Venture Exchange under the symbol EGZ, on the Over-The-Counter Bulletin Board under the symbol ENZR, and on the Frankfurt Exchange under the symbol YE5. Qualified Person The resource estimate referred to in this press release was completed by AGP Mining Consultants Inc. ('AGP') and is in conformance with the CIM Mineral Resource and Mineral Reserve definitions referred to in NI 43-101, Standards of Disclosure for Mineral Projects. Pierre Desautels, P.Geo., of AGP was the Independent Qualified Person under NI 43-101 responsible for the resource estimate. Mr. Desautels is the author of the updated resource estimate technical report, which will be filed by January 15, 2011 on www.sedar.com under the Company's profile. For detailed information as to how the mineral resource was generated, please refer to the November 30th press release. Clarification The Company wishes to correct an error in the Qualified Person statement in its previous press release (dated Tuesday 7th December 2010) in which it was stated that 'Pierre Desautels, P.Geo., of AGP, the Independent Qualified Person under NI 43-101 responsible for the resource estimate, has reviewed this release.'. Whilst Mr Desautels is responsible for the NI 43-101 resource estimate, he did not review the release dated 7th December 2010. For more information, please visit our website at www.energizerresources.com Or contact: Brent Nykoliation, Vice President of Business Development Toll Free: 800.818.5442 or 416.364.4911 Email: bnykoliation@energizerresources.com or Julie Lee Harrs, President and COO
Cautionary Statement: The above resource estimates were calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. For United States reporting purposes, Industry Guide 7 (under the Securities Exchange Act of 1934), as interpreted by the Staff of the SEC, applies different standards in order to classify mineralization as a reserve. Among other things, the terms 'measured', 'indicated' and 'inferred' mineral resources are required pursuant to National Instrument 43-101, the U.S. Securities and Exchange Commission does not recognize such terms. Canadian standards differ significantly from the requirements of the U.S. Securities and Exchange Commission, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the U.S. Securities and Exchange Commission. End of Corporate News 09.12.2010 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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