AGP Agromep Sa

Energizer Resources Inc. (TSX VENTURE:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5)
("Energizer" or the "Company") announces that it will be participating in
Madagascar's first-ever Mining and Hydrocarbon Fair being held in the capital
city of Antananarivo on May 6, 7 and 8, 2011. As a gold-level sponsor of the
Mining Fair, in addition to a prominent booth and presence at the Fair,
Energizer will be making presentations on its Green Giant vanadium project, as
well as the latest developments in vanadium-based technologies. 


Other companies participating in the Mining Fair include, among others, Sherritt
International Corporation (operator and 40% owner of the Ambatovy nickel-cobalt
project), Rio Tinto (operator and owner of 80% of QMM Mineral Sands project) and
Caterpillar (manufacturer of construction and mining equipment), according to
the organizers of the Fair.


Julie Lee Harrs, President and Chief Operating Officer of the Company, said "We
look forward to presenting our Green Giant vanadium project and meeting with
participants who, by their attendance at the Mining Fair, are clearly interested
in mining projects in Madagascar. We are encouraged by the advent of this
first-ever Mining Fair, as it further signals Madagascar's commitment to the
development of its mining sector." 


Latest Advancements with Vanadium Redox Batteries

Since March of this year, there have been notable developments in the
advancement of vanadium redox batteries (VRB). Three laboratories on three
different continents have announced advancements in the development of VRBs for
grid storage applications.


The United States Department of Energy's Pacific Northwest National Laboratory 

Researchers at the United States Department of Energy's Pacific Northwest
National Laboratory (PNNL) announced that they were able to increase the energy
storage capacity of the VRB by 70 percent and to expand the temperature range in
which they operate by modifying the battery's electrolyte solution. This
advancement will allow the size of the VRB to be reduced, while generating the
same amount of power storage and output, and will allow the VRB to work in a
wider temperature range while maintaining its high (approximately 87%)
efficiency.


PNNL's announcement can be read in its entirety at
http://www.pnl.gov/news/release.aspx?id=855.


Through the PNNL, the United States Department of Energy has committed millions
of research dollars towards further advancement and development of the vanadium
redox battery. As mentioned in President Obama's speech at the Forum for Small
Business in Cleveland, Ohio this past February, the Department of Energy is
helping fund the installation of the largest VRB in North America at a municipal
power plant in Painesville, Ohio.


Germany's Fraunhofer Institute

The Fraunhofer Institute, the German government's research organization that
employs around 18,000 scientists and engineers, announced on March 31, 2011 that
they are working to expedite the development of vanadium redox batteries. 


Researchers demonstrated the operation of a VRB at the Hanover Fair (Hannover
Messe), the world's foremost technology and energy event, which is held in
Hanover, Germany each year. The Fraunhofer Institute announced that their
long-term goal is to build a 20 MWh capacity VRB installation. A VRB this size
would utilize approximately 33 tonnes of battery-grade vanadium (V2O5) and would
provide enough energy to provide power to roughly 2000 households for an entire
day. 


The full text of this announcement can be read at
http://www.fraunhofer.de/en/press/research-news/2010-2011/15/giant-batteries-for-green-power.jsp.


The Fraunhofer Institute has created hundreds of commercial enterprises,
inventions and patents, including the MP3 audio and the H.264/MPEG-4 video
compression algorithms. 


The Chinese Academy of Sciences 

Researchers at the Chinese Academy of Sciences (CAS), China's largest and
state-owned science and research institute, have discovered a new nanofiltration
membrane material that enhances the efficiency of VRBs making them a more viable
tool for large-scale energy storage. Researchers found that by utilizing a new
material, they could the lower cost of the membrane without sacrificing the
performance or efficiency of the VRB. 


The membrane serves as the facilitator of energy transfer in a VRB, allowing
energy in the form of ions to pass from one side of the battery to the other
during charge-discharge cycles, which enables the VRB to release power. 


The CAS announcement can be read in its entirety at
http://www.rsc.org/chemistryworld/News/2011/April/13041101.asp.


The CAS has created hundreds of commercial enterprises, including with Lenovo
Corporation (which purchased IBM's PC division).


Vanadium Redox Batteries - Nearing the Tipping Point

The vanadium electrolyte and the membrane are the two most expensive components
in a VRB. Together, they represent approximately 50 percent of the cost of the
battery. 


The advancements in the development of the VRBs by these leading research
institutes are expected to both reduce the size and cost of the VRB, and in
turn, accelerate their implementation on a commercial level. 


The increasing evidence in the marketplace of key developments in VRB technology
is expected to result in the acceleration of commercial applications of
vanadium-based battery technologies and in turn, may signal that the tipping
point for vanadium redox batteries is near.


A great opportunity exists for vanadium producers who can provide the necessary
high purity, battery-grade vanadium required by the VRBs. Energizer is uniquely
positioning itself to meet the new anticipated demand for high purity,
battery-grade vanadium (V2O5), as well as the anticipated 7% annual growth in
demand for vanadium expected from the steel industry. 


Please visit our website at www.energizerresources.com to learn more about the
Green Giant vanadium project and to read the latest developments in vanadium
news. 


Clarification

At the request of the TSX Venture Exchange, the Company wishes to clarify the
disclosure in its press release dated March 24, 2011. The Company previously
announced that it had submitted an application to list its common shares on The
Toronto Stock Exchange (the "TSX") and that it had met the TSX minimum listing
requirements. The Company wishes to clarify that although it believes that it
will be able to meet all of the listing requirements to graduate to the TSX from
its current listing on the TSX Venture Exchange, the Company has not received
confirmation from the TSX. The Company is confident that it will be able to work
diligently to satisfy the TSX listing requirements. 


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 the Green Giant Vanadium Project

The Green Giant vanadium project, located in Madagascar, is 100% owned by
Energizer. The Company has a NI 43-101 compliant 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  99.4% 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.


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.


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.

Agromep Sa (TSXV:AGP)
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