Global Uranium Corporate Update April, 2008

 

Highlights:

  • New uranium discoveries on targets identified by airborne geophysics
  • Initial Public Offering planned for Q4 2008, depending on market conditions.

Tin-Negouran Concessions:

  • Extensive drill program, with in excess of 22,000 metres completed in 766 drill holes, has outlined five areas of surface uranium mineralization
  • Resource estimate is currently underway on the first surface deposits identified by drilling.
  • NI 43-101 report to be completed by the end of June, 2008
  • Initial studies indicate potential for an open pit, heap leach operation

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