ERONGO GRANITES

Released results for a further fifteen holes designed to test for extensions to and significantly increase area of identified uranium mineralization at Area 1 prospect. All drill holes intersected anomalous uranium mineralization. Better results include: from hole MAWRC033 intersected 4m at 230 ppm U3O8, from 70m to 74m, at MAWRC029 returned 3m at 202 ppm U3O8 from 46m to 49m and at MAWRC035 returned 10m at 193 ppm U3O8, from 21m to 31m.

Reported the following results to date • identified four key target areas (Area 1, 2, 3 and 4 Prospects). • identified a radiometric anomaly at the Area 1 prospect extending over an area of 1.8km by 1km and remaining open in all directions. • confirmed (by drill testing) uranium mineralization over an area of 1,000 metres by 500 metres, from surface to depths exceeding 100m at the Area 1 prospect. This zone of known uranium mineralization remains open in all directions. • confirmed the presence of near surface uranium mineralization and the potential for the project to host large tonnage, low grade uranium resources amenable to open pit mining at the Area 1 prospect. Significant results from drilling at the Area 1 prospect include: • 18m at 334 ppm U3O8 (including 5m at 648 ppm U3O8), from 2m to 20m. • 13m at 302 ppm U3O8 (including 6m at 545 ppm U3O8), from 18m to 30m. • 13m at 253 ppm U3O8 (including 7m at 344 ppm U3O8), from 26m to 39m. • 30m at 223 ppm U3O8 (including 13m at 386 ppm U3O8), from 11m to 41m. • 37m at 200 ppm U3O8 (including 12m at 287 ppm U3O8), from 20m to 57m.