The OR-MATH program will consist of completing three diamond drill-holes totalling about 2100m of drilling, which is expected to be completed in October 2011.

The drill program will target a geophysical corridor coincident with anomalous surface geochemical signatures, which were identified by Uravan’s technical group from a multifaceted surface sampling program completed over the projects in 2010 and in June 2011.

These surface anomalies correlate positively with regional geophysical survey trends and other interpreted structural features, and potentially represent signatures of mobile elements derived directly from bedrock sources of unconformity-related uranium mineralization.

The OR-MATH drill program will be managed and directed by Uravan’s technical group, with drilling operations being performed by Bryson Drilling.