Research Pit

[Mr. Zen]

re Athabasca News ~ Results from the Z-TEM survey will be used to further refine conductive anomalies already identified at McGregor Lake and Webb River through previous ground and airborne surveys. Subject to the results, Athabasca will proceed with Phase Two Magnetoteulleric (MT) ground surveys to further identify and refine targets. High priority targets should then be available for Phase Three testing by diamond drilling. Athabasca will also employ 2D seismic surveys, utilized by Hathor at Roughrider and JNR/Denison at Moore Lake, to increase the likelihood of drilling success.

Gil Schneider, Athabasca Uranium's president was quoted as saying: "Given the current bull market and positive outlook for uranium world-wide, this is a very exciting time to be exploring in the world's richest uranium region."