Energy Fuels and Magnum Uranium Announce Merger Agreement

Energy Fuels Inc. (TSX: EFR)("Energy Fuels" or the "Company") and ("Magnum Uranium") are pleased to announce that the companies have entered into a preliminary agreement providing for Energy Fuels to acquire all of the outstanding shares of Magnum Uranium in an all share transaction. This agreement has been approved by the Boards of Directors of both companies. The combination of these two companies will significantly enhance one of the largest conventional uranium mining companies operating in the United States. Magnum Uranium shares will be acquired at a share exchange ratio of 0.78 shares of Energy Fuels for each Magnum Uranium share.

Read more: Magnum Uranium Corp ( MM )

Hathor Drills 15 Metres of 12% U3O8 at Roughrider Zone

Hathor Exploration Limited (TSX-V: HAT) is pleased to announce initial winter 2009 drill program assay results that grade up to 70.7% U3O8 from the Roughrider Zone on its 90% owned Midwest NorthEast uranium property.

Hathor's winter 2009 drill program began in January and assay results for 16 drill holes have been received. Ten of the 16 drill holes were in-fill, grid-drilling that targeted the Roughrider Zone. Nine of these holes intersected uranium mineralization.

Highlights from U3O8 assayed core-length intervals(i) (using a 0.05% U3O8 cut-off grade) include:

Read more: Hathor Exploration Limited ( HAT )

Tournigan Doubles Contained Uranium and Increases Grade of Indicated Resource at Kuriskova Uranium Deposit, Slovakia

Tournigan Energy Ltd. (TSX - VX: TVC, FWB: TGP), has completed an updated resource estimate for the company's Kuriskova uranium deposit in Slovakia which more than doubles the amount of uranium contained in the indicated resource and significantly increases the grade of the indicated resource. SRK Consulting (U.S.), Inc. has reviewed and audited the updated resource estimate.

Highlights:
* Tournigan's 2008 infill drilling moved 8,084,000 pounds of U308 from the inferred resource category to the better defined and more confident indicated category
* The grade of indicated resource increased by 28% from 0.435% U308 to 0.558% U308

Read more: Tournigan Energy Ltd ( TVC )

Western Files New NI 43-101 Technical Report on the Gurvanbulag Uranium Deposit in Mongolia

Western Prospector Group Ltd. (TSX VENTURE:WNP) ("Western") is pleased to announce the filing of an updated NI 43-101 Technical Report for the Gurvanbulag Uranium Deposit in Mongolia. The Technical Report follows Western's January 9, 2009 press release announcing a new estimate for the resources and an initial estimate for reserves together with the completion of the positive Definitive Feasibility Study. The report can be viewed on www.sedar.com as well as the corporate website, www.westernprospector.com.

Read more: Western Prospector Group Ltd ( WNP )

First Uranium Corporation closes $61,500,000 bought deal private placement financing

<< All amounts are in Canadian dollars unless otherwise noted. /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ >>

First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or the "Company") announced today that it has completed its previously announced bought deal private placement of 20,500,000 Units of the Company at a price of $3.00 per Unit, for gross proceeds of $61,500,000 (the "Offering"). Each Unit consists of one common share of First Uranium (a "Unit Share") and one-half of one common share purchase warrant (each full warrant, a "Warrant"), each Warrant being exercisable to acquire one common share of First Uranium at a purchase price of $4.15 until February 11, 2011.

Read more: First Uranium Corporation ( FIU )