Energizer Resources Inc. Receives Conditional Approval to Graduate to the Toronto Stock Exchange

Energizer Resources Inc. (TSX.V: EGZ) (OTCBB: ENZR) (FWB: YE5) (“Energizer” or the “Company”) announces that it has received conditional approval to list its common shares on The Toronto Stock Exchange (the “TSX”). Listing of the Company’s common shares on the TSX is subject to satisfaction of certain conditions of the TSX. The Company expects to have all documentation relating to the conditions submitted by June 17, 2011. The Company will make a further announcement once the TSX has confirmed that all listing conditions have been satisfied and confirmed the date of commencement of trading on the TSX. The Company’s common shares will continue to trade under its present symbol, EGZ.

Upon the listing of the Company’s common shares on the TSX, the common shares will be delisted from the TSX Venture Exchange.

Julie Lee Harrs, President and COO of the Company said, “The graduation to the TSX is yet another milestone for the Company as it moves its Green Giant Vanadium Project from exploration to development. The listing on the TSX will provide the increased access to capital markets and visibility necessary as we develop the Green Giant Project.”

About Energizer Resources

Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada, which is developing its 100%-owned Green Giant Vanadium Project located in Madagascar. The Green Giant vanadium deposit is one of the largest known vanadium deposits in the world. In addition to the TSX Venture Exchange (TSX.V: EGZ), the Company’s common shares trade 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 newly designed 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

Safe Harbour Statement:  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.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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