A$17.8 Million Recommended Takeover Offer by Paladin Energy Ltd for Fusion Resources Limited

Paladin Energy Ltd (TSX: PDN)(ASX: PDN) ("Paladin") and Fusion Resources Limited (TSX: FNS)(ASX: FSN) ("Fusion") are pleased to announce that Paladin intends to make an off-market scrip takeover offer ("Offer") for Australian and Toronto Stock Exchange listed minerals exploration company Fusion. This announcement was made after close of trading on the ASX.

The consideration under the Offer will comprise 1 fully paid ordinary Paladin share for every 6 fully paid ordinary Fusion shares, implying a price of A$0.365 per Fusion share based on today's closing price of Paladin shares on the ASX of A$2.19.

Published: 02 December 2008
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Majescor and Strateco Plan a Winter Exploration Program and Sign a Definitive Option Agreement for the Mistassini Uranium Property, Otish Mountains, Quebec

Majescor Resources Inc. ("Majescor") (TSX VENTURE: MAJ) and Strateco Resources Inc. ("Strateco") (TSX: RSC) (OTCBB: SRSIF) (FRANKFURT: RF9) are pleased to report that they have executed a definitive option agreement (the "Agreement") for Majescor's Mistassini uranium property (the "Property"). The Property is host to the Lac Mantouchiche uranium showing where Majescor drilled an 18.5-metre intersection grading 0.215% U3O8 near-surface in hole MIST-07-03 (see Majescor's press release dated May 29th, 2008).

Strateco is currently planning an exploration program for the Property with the aim of outlining the strike and dip extensions of the Lac Mantouchiche uranium prospect by core drilling.

Published: 27 November 2008
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Monroe Minerals Reports Up to 0.754% U3O8 Intersection in Drill Core at Alexis River Uranium Property in Labrador

Monroe Minerals Inc. (TSX VENTURE: MMX) ('Monroe') announced today the results of its 2008 prospecting and drilling program at the Alexis River uranium property in southwestern Labrador. Monroe is the operator for the Alexis River property, where it has the option to earn a majority interest by making staged share payments to Altius Resources Inc. (TSX: ALS) ('Altius') and incurring defined minimum exploration expenditures. Monroe is current in its earn-in obligations.

The key drilling results are from two holes within which the high uranium assay was 0.754% U3O8 across 0.20 m from 58.90 to 59.10 m core length and the low assay was 0.034% U3O8 across 0.40 m from 16.70 to 17.10 m core length. More details are provided below.

Published: 24 November 2008
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Hathor Exploration Limited: Brokered Private Placement at $3.10 Per Share Closes Over-Subscribed Raising Gross Proceeds of $8,002,650

Stephen G. Stanley, the President of Hathor Exploration Limited (HAT: TSX-V, the "Company"), announces the Company has closed a brokered private placement with Salman Partners Inc., HSBC Securities (Canada) Inc., Cormark Securities Inc., Raymond James Ltd., and J.F. Mackie & Company Ltd. (the "Agents"), previously announced on November 5, 2008.

A total of 2,581,500 flow-through common shares (the "FT Shares"), (which includes 646,000 FT Shares issuable upon exercise of an Over-Subscription Option) were sold at a price of $3.10 per FT Share.

Published: 20 November 2008
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TSX Venture   Mining   Down on News   Financing  
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George Forrest International Afrique S.P.R.L. to Acquire Forsys Metals Corp in Cash Transaction Valued at Approximately CAD$579 Million

Forsys Metals Corp ("Forsys" or the "Company") (TSX: FSY.TO)(FRANKFURT:F2T)(NSX: FSY) and George Forrest International Afrique S.P.R.L. ("GFI") announce that they have entered into a definitive agreement pursuant to which GFI will effectively acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of Forsys (the "Offer") on the basis of CAD$7.00 per share in cash for each common share of Forsys, plus the "in the money" amount of any outstanding Forsys options and warrants.

The CAD$7.00 per share consideration represents a 55% premium to the average closing price of Forsys common shares on the Toronto Stock Exchange for the 20 trading days ending November 13, 2008 and a premium of 51% to the closing price on the Toronto Stock Exchange on November 13, 2008.

Published: 17 November 2008
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  1. JNR Resources Inc ( JNN )
  2. Hathor Exploration Limited ( HAT )
  3. Western Uranium Corporation ( WUC )
  4. Uranium One Inc ( UUU )
  5. Uranium One Inc ( UUU )