SOUTHERN URANIUM LIMITED

Southern Uranium announced the signing of a farm-in and joint venture agreement with Mantle Mining Corporation Limited to explore for all minerals within the area of EPM15535 (Mt Brown prospect) in Queensland, Australia. The joint venture agreement requires Southern Uranium to make an initial payment of A$25,000 to Mantle and to expend A$175,000 in the first two-years to earn 51% interest in Mt Brown joint venture. Southern Uranium may spend A$200,000 in a further two-years for an additional 19% interest. Exploration at Mt Brown will be managed by Southern Uranium.