Green Shift Commodities Ltd. (GRCMF)

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U3O8 Corp. Intersects 36.5 Metres at 0.09% (1.8 Pounds Per Short Ton) U3O8 in a New Target in the Kurupung Project, Guyana
Scout Drilling Showing That the Kurupung Could Host a Potentially Large Uranium Resource

Press Release Source: U3O8 Corp. On Wednesday July 14, 2010, 6:45 am EDT

TORONTO, ONTARIO--(Marketwire - July 14, 2010) - U3O8 Corp. (TSX VENTURE:UWE - News), a Canadian-based company focused on uranium exploration and resource expansion in South America, reports the discovery of a ninth uranium-bearing structure, the Aricheng C target, in the Kurupung Batholith in Guyana (Figure 1). Assay results from the scout drilling suggest that the Kurupung structures identified to date may contain a conceptual target of 10-15 million tonnes at a grade of 0.08% to 0.10% U3O8 (for an estimated 20-25 million pounds U3O8) including the initial National Instrument 43-101 ("NI 43-101") resource estimate of 5.8 million pounds U3O8 Indicated and 1.3 million pounds U3O8 Inferred(1).

"The discovery of Aricheng C marks a break-through in the exploration of the uranium-bearing fault system in the Kurupung," said Dr. Richard Spencer, U3O8 Corp's President and CEO. "We knew that uranium occurred within faults that could be identified through geophysics, but with Aricheng C, we now know which parts of the fault system are more likely to contain greater uranium content. Given the efficiency and success of our geophysical targeting, the scout drilling required to test those targets has been extended to December 2010 with the aim of further increasing the potential size of the Kurupung uranium district. We have drilled only a small part of the extensive fault network in the Kurupung and we believe that further drilling will add to our inventory of mineralized structures poised for resource estimation."

Uranium in the Kurupung Batholith is geologically similar to albitite-hosted deposits worldwide that typically host resources in the 50-130 million pound range, contained within multiple structures(2).

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