FLISTJARN

Geological mapping and an Alpha Track radon cup detector survey were completed during the period at the prospect over an area of 1,100 metres by 750 metres.

Reported that a series of high grade uranium mineralized structures had been mapped and grab or channel sampled within an area of 450 metres by 600 metres at Flistjärn. Of the 36 samples taken along mineralized structures, 30 samples assayed from 0.01% to 19.1% U3O8 and averaged 1.7% U3O8. Where channel samples were taken, the mineralized structures were sampled across widths which varied between 0.2 and 0.5 metres. Seven samples or 23% percent of samples assayed higher than 0.5% U3O8 and averaged 6.9% U3O8.

Reported that work permits will be submitted. The next phase of exploration will comprise surface sampling and mapping followed by diamond drilling in the second and third quarters of 2006.