Tokyo Electric Power, Toshiba and Japan Bank for International Cooperation to Acquire 19.95% Equity Interest in Uranium One of Canada

- Establishment of Long Term Strategic Alliance with Strategic Relationship Agreement and Uranium Offtake Agreement -

The Tokyo Electric Power Company, Incorporated (TEPCO) (TOKYO:9501), Toshiba Corporation (Toshiba) (TOKYO:6502), and the Japan Bank for International Cooperation (JBIC), the international wing of the Japan Finance Corporation, today announced a joint investment in Uranium One Inc. (U1) (UUU.TO), a major, Canadian-listed producer and marketer of uranium. TEPCO, Toshiba and JBIC have agreed to subscribe to a new share issue of 117 million shares in U1, at a price of Cdn$2.30 per share, equal to approximately Cdn$270 million (about 20.2 billion yen(1)) in total. Concurrently, TEPCO, Toshiba and JBIC have also signed a strategic relationship agreement (SRA) with U1, and a Uranium Offtake Agreement.

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CanAlaska Uranium Ltd. - Uranium-gold-platinum mineralization found at Poplar project, northern Athabasca Basin

CanAlaska Uranium Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") is pleased to announce results from summer prospecting on its Poplar project. Multiple zones of uranium mineralization were detailed in basement rocks, just north of the northern limit of the Athabasca sandstone. High gold and platinum values are associated with two of the showings. The Poplar project straddles 120 km of the northern edge of the Athabasca Basin in Northern Saskatchewan.

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UEX Reports N.I. 43-101 Compliant Mineral Resource Estimate for the Raven Deposit of 9.15 million pounds of U(3)O(8) in the Indicated category, and 1.13 million pounds of U(3)O(8) Inferred at a cutoff grade of 0.05% U(3)O(8)

UEX Corporation ("UEX") is pleased to announce that it has received a National Instrument 43-101 ("N.I. 43-101") Mineral Resource Estimate report from Golder Associates Ltd. ("Golder") of Burnaby, BC, for the Raven Deposit ("Raven"), and updated resources for the West Bear Deposit ("West Bear"). The two deposits are located within UEX's 100%-owned Hidden Bay Project in the eastern Athabasca Basin of northern Saskatchewan, Canada.

The new Raven resource estimate contains 3.97 million tonnes grading 0.105% U(3)O(8) in the Indicated category containing 9.15 million pounds of U(3)O(8), and 0.49 million tonnes grading 0.104% U(3)O(8) in the Inferred category containing 1.13 million pounds of U(3)O(8) at a cutoff grade of 0.05% U(3)O(8).

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Uranium One Completes Australian Joint Venture Transactions with Mitsui

Uranium One Inc. ("Uranium One") and Mitsui & Co., Ltd. of Japan today announced that all regulatory approvals required to close the joint venture transactions previously announced on October 15, 2008 have been obtained. Mitsui has now acquired a 49% interest in the Honeymoon project and Uranium One's Australian exploration portfolio including the Goulds Dam and Billeroo projects, and other prospective tenements on the Stuart Shelf and Eyre Peninsula.

The total minimum cash commitment from Mitsui will be approximately A$104 million for its share of Uranium One Australia's business. The majority of these funds will be used to advance the development of the Honeymoon project through to commercial production.

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Mega Uranium Provides Update on Canadian Exploration

Mega Uranium Ltd. (TSX: MGA) ("Mega") is pleased to provide an update on its exploration programs in Canada.
CENTRAL MINERAL BELT - LABRADOR
Aillik East

On the Aillik East property prospecting, channel sampling, geological mapping and detailed ground radiometric surveys were conducted to follow-up radiometric anomalies identified in airborne surveys flown in 2007 and 2008. Prospecting crews ground checked 331 airborne and ground radiometric anomalies, which led to the discovery of six new showings and many minor occurrences. A total of 95 grab samples were collected, of which 15 returned values greater than 0.1% U308. The most significant results came from a new discovery called the NB showing.

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