Uranium One Announces 400% Increase in Kazakh Reserves to 47.8 Million Pounds and a 12% Increase in Indicated Resources at Karatau to 16.3 Million Pounds

Uranium One Inc. ("Uranium One") today announced inaugural reserve estimates for its South Inkai and Karatau Uranium Mines in Kazakhstan, as well as a significant increase in resources at Karatau. The Company also announced the completion of the acquisition of Christensen Ranch and Irigaray in Wyoming and an update to its standstill arrangement with JSC Atomredmetzoloto.

Lumina Capital to Invest in Kivalliq Energy Corporation

Kivalliq Energy Corporation (TSX VENTURE: KIV) ("Kivalliq" or the "Company") today announced that Lumina Capital Limited Partnership ("Lumina Capital"), an investment partnership held principally by Vancouver mining entrepreneur Ross Beaty, will subscribe for approximately $500,000 of a total $2,000,000 non brokered private placement in Kivalliq. The proceeds from this financing will be used to explore and develop Kivalliq's high-grade Lac Cinquante uranium deposit, located within the Angilak Project in Nunavut, Canada, and for general working capital purposes.

The financing will consist of 10 million units ("Units"), at a price of $0.20 cents per Unit. Each Unit consists of one common share and one common share purchase warrant. Each share purchase warrant will entitle the holder to purchase one common share at a price of $0.35 for a period of two years.

Independent Study: Michelin Uranium Project to Generate Regional Benefits of $2.9B in Income, $1.82B in Tax Revenues

Fronteer Development Group Inc. (TSX: FRG)(NYSE Amex: FRG) is pleased to announce that an independent Economic Impact Assessment of the Michelin Uranium Project indicates significant long-term economic benefits to regional governments and communities.

The Michelin Project, located in North Coast Labrador, Canada, is held by Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer.

The study estimates the Michelin Project would generate the following combined benefits for the communities and governments of Nunatsiavut and Newfoundland and Labrador:

- 31,200 person years of employment
- $2.9 billion in business and individual income
- $1.8 billion in tax revenues

U3O8 Corp. Cuts 2.3 Metres at 0.551% (11 Pounds per Short Ton) U3O8 at Aricheng West

U3O8 Corp. (TSX VENTURE: UWE.V), a Canadian uranium exploration company, reports significant uranium mineralization from drilling in the Aricheng West target area in the Kurupung Batholith, in basement rocks near the Roraima Basin in Guyana (Figure 1). Scout drilling has defined uranium mineralization in a further 150 metre long section of the Aricheng West structure. The success of the current scout drilling program in identifying a number of new mineralized zones in recent months is providing U3O8 Corp. with the means to outline the potential size of the Kurupung system, a promising uranium district in South America. Geologically similar albitite-hosted deposits elsewhere in the world typically contain resources in the 50 to 130 million pound range.