BAKOUMA

A technical report outlining a resource estimate for the Patricia deposit were released. It incorporated all available geological and assay data to Feb 27/07 and allowed the generation of a modelled grade envelope using a 250 ppm U3O8 cut-off within which a constrained Inferred Mineral Resource of 8.3 Mt grading 1,600 ppm U3O8 grade was estimated. At a cut-off grade of 1,000 ppm U3O8, inferred resources total 5.7 Mt at an average grade of 0.20% U3O8 containing 12,000 tonnes U3O8 (26,000,000 lbs U3O8). Resources do not take into account mining dilution, recovery factors, mineral processing or economic factors. Recommendations include 1) a study comparing hole type, recovery and grade needs to determine the impact of sample loss on assay results. 2) downhole surveying to determine whether hole deviation is occurring during drilling, 3) modifying drying procedure of samples to ensure clay mineralogy is not altered during drying, and 4) a prompt review of standard and blank accuracy and precision .

Further results from infill drilling at the Patricia deposit were released. The highlight was hole PRC078 which averaged 4.17% U3O8 over 24 m from 53 m depth, including 10 m of 9.06% U3O8 from 55 m. Other significant results included hole PRC083 which returned 11 m of 15.16% U3O8 from 112 m depth in a 62 m interval grading 0.81% U3O8 from 61 m. The highest (>2.5% U3O8) grade samples have been verified by alternative methods of chemical analysis and the high uranium mineral content has been further verified by X-ray powder diffraction. Drilling is progressing on schedule as part of the definitive feasibility study being conducted on behalf of UraMin by GRD Minproc. A NI 43-101 compliant resource for the entire Bakouma project is expected in Q3 of 2007.

UraMin released further results from infill drilling at the Patricia deposit at Bakouma in the Central African Republic. The highlight was hole PRC078 which averaged 4.17% U3O8 over 24 m from 53 m depth, including 10 m of 9.06% U3O8 from 55 m. Other significant results included hole PRC083 which returned 11 m of 15.16% U3O8 from 112 m depth in a 62 m interval grading 0.81% U3O8 from 61 m. The highest (>2.5% U3O8) grade samples have been verified by alternative methods of chemical analysis and the high uranium mineral content has been further verified by X-ray powder diffraction. Drilling is progressing on schedule as part of the definitive feasibility study being conducted on behalf of UraMin by GRD Minproc. A NI 43-101 compliant resource for the entire Bakouma project is expected in Q3 of 2007.