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Artha to option four U3O8 properties from Energy Metals

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fringe_remnant   Wednesday, 07/11/07 04:20:50 PM
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Artha to option four U3O8 properties from Energy Metals

2007-06-21 14:43 ET - News Release

Mr. Todd McMurray reports

ARTHA SIGNS LOI WITH ENERGY METALS ON FOUR URANIUM PROPERTIES

Artha Resources Corp. has signed a letter of intent (LOI) with Energy Metals Corp. of Vancouver dated June 20, 2007. Pursuant to this agreement Artha can earn up to a 70-per-cent interest in the Clarkson Hill, WY, DCB and the BL uranium properties located in Wyoming.

Artha is a capital pool company and intends that this transaction constitutes its qualifying transaction under the rules of the TSX Venture Exchange. As the acquisition is not a non-arm's-length qualifying transaction, Artha will not be required to obtain shareholder approval under the exchange policies.

The properties

Clarkson Hill (qualifying property)

The Clarkson Hill property is located on the southern edge of the Wind River basin, 26 miles from Casper in Natrona county, Wyoming.

Roll-front-type uranium mineralization was discovered during the 1950s with a small amount of ore mined and shipped for treatment from the old pit area on the property. In 1960, Nuclear Reserve Inc. (Petro Nuclear) and Mineral Exploration Co. (MEC), a subsidiary of Union Oil, entered into a joint venture and carried out exploration on the property including a significant drilling program. These and previous companies are reported to have drilled an estimated 383 holes including 21 core holes for a total of 124,565 feet.


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