Energizer Resources Announces Resignation of Director

Energizer Resources Inc. (TSX VENTURE:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5)
("Energizer" or the "Company") announces that, to facilitate the listing of the
Company's shares on the main board of The Toronto Stock Exchange ("TSX"),
Richard Quesnel has resigned as a director of the Company. 


As previously reported, Energizer has submitted an application to graduate to
the TSX from its current listing on the TSX Venture Exchange.


Julie Lee Harrs, President and Chief Operating Officer of Energizer said, "The
Company respects Mr. Quesnel's decision to resign from the board of directors
while his legal process with the Quebec's Autorite des Marches Financiers is
ongoing. We look forward to receiving the decision of the TSX in connection with
our listing application shortly." 


About Energizer Resources 

Energizer Resources Inc. is a mineral exploration and development company based
in Toronto, Canada focused on developing its Green Giant vanadium property. 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.


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. 


About the Green Giant Vanadium Project

The Green Giant vanadium project, located in Madagascar, is 100% owned by
Energizer. The Company has 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 one of the largest known vanadium deposit in the
world, with only 75% of the 21-kilometre (18 mile) stratigraphic trend of
vanadium remaining open for drilling. 


Energizer's vanadium is unique - it is sedimentary-hosted, in contrast to the
majority of other vanadium deposits, which are magnetite-hosted. As a result,
Energizer is the only company that has announced its intention to produce the
high purity vanadium pentoxide required by the battery technologies (greater
than 99.2% purity) as its primary product. 


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 NationaI Instrument
43-101, Standards of Disclosure for Mineral Projects. Pierre Desautels, P.Geo.,
of AGP, is the Independent Qualified Person under NI 43-101 responsible for the
resource estimate. 


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

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.



Mineral resources are not mineral reserves and do not have demonstrated economic
viability. This mineral resource estimate includes inferred resources that are
normally considered too speculative geologically to have economic considerations
applied to them that would enable them to be categorized as mineral reserves.
There is also no certainty that the inferred mineral resource will be converted
to the measured and indicated mineral resource categories through further
drilling, or into a mineral reserve once economic considerations are applied. 


U.S. investors should understand that "inferred" mineral resources have a great
amount of uncertainty as to their existence and great uncertainty as to their
economic and legal feasibility. In addition, investors are cautioned not to
assume that any part or all of the Company's mineral resources constitute or
will be converted into reserves. 


Safe Harbour Statement: The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this press release issued by the Company. This
press 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. 


Forward-looking statements include, receipt of regulatory approval, statements
on the proposed use of proceeds; completion of financing on terms proposed; the
ability to raise additional funds as required; the development potential and
timetable of the Company's properties and minerals; the current and future price
of minerals the Company explores; the estimated size of mineral deposits on the
Company's properties; the realization of those mineral deposit estimates; the
timing and amount of estimated future exploration, development and production;
costs of future exploration, development and production activities; success of
exploration activities; government regulatory matters; discussion of political
and environmental risks. 


Forward-looking statements are based on the opinions and estimates of management
of the Company. Forward-looking statements are subject to known and unknown
risks that may cause actual results to be materially different from stated
opinions and estimates of management. Some of the Company's more material risks
are: availability and timing of external financing; unexpected events and delays
during exploration; receipt of government and stock exchange approvals; results
of current exploration activities; future price of minerals; political risks in
the locations of the Company's properties; appreciation/depreciation of foreign
currencies relative to the United States Dollar (the Company's functional
currency) and other risks inherent in the mining and exploration industry. 


While Company's management has attempted to determine the factors that could
cause actual results to differ materially from estimated results contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated. The Company provides no assurance that such forward-looking
statements will prove accurate or not materially different than projected.
Therefore readers of this and other press releases issued by the Company should
not place unreasonable reliance on stated forward-looking statements. 


This press release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.