Shea Creek Reveals Additional Uranium Treasure: New Kianna Basement Zone Discovered with Intercepts of 16.0 Metres Grading 3.59% eU3O8 in Drill Hole SHE-135-11 and 18.1 Metres Grading 3.70% eU3O8 in Drill Hole SHE-135-13

UEX Corporation ("UEX") is pleased to announce the discovery of a new high-grade zone of basement-hosted mineralization, based on results from the continued exploration of the Kianna Deposit ("Kianna") on the Shea Creek Project (" Shea Creek "). This new zone, Kianna East, is located to the east of the existing Kianna Deposit, and is spatially associated with a second conductive trend. Shea Creek hosts the Kianna, Anne, Colette and 58B deposits (see Figure 1) and is one of ten 49%-owned Western Athabasca Uranium Projects joint-ventured with AREVA Resources Canada Inc. ("AREVA"), the project operator.

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Rockgate Intersects High-Grade Mineralization in South Block of North Zone, Falea Uranium-Silver-Copper Project, Mali: Including 3.24% U3O8, 242 g/t Ag Over 1.3 Metres

Rockgate Capital Corp. (RGT.TO) (the "Company") is pleased to announce the discovery of a high-grade extension of the North Zone in the South Block, immediately east of the Road Fault. The South Block was identified as a priority target for the 2012 drill program. Important points regarding South Block program include:

Paladin Energy Ltd-Long Term Off-Take Contract With a US$200M Prepayment

Paladin Energy Ltd. (PDN.TO)(PDN.AX) (Paladin or the Company) is pleased to advise that it has entered into an important, long-term off-take contract (LTC) which underscores the operational capability the Company has attained in the uranium supply sector.

Paladin has signed a milestone 6 year off-take agreement with a major utility to deliver a total of 13.73Mlb U3O8 in the period from 2019 to 2024 incorporating a prepayment of US$200M as its key feature. Delivery will be from its current African mining operations or a project yet to be developed from the Company's significant existing project pipeline or a combination of these options. Uranium delivered under the LTC will be sold at market prices prevailing at the time of delivery bounded by escalating floor and ceiling prices.

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Uranium One Announces 28% Increase in Q2 2012 Production to 3.0 Million Pounds; Average Total Cash Costs of $16 per Pound

Uranium One Inc. ("Uranium One") today reported quarterly revenue of $96.8 million for Q2 2012 based on sales of 1.9 million pounds at an average realized sales price of $52 per pound. Attributable production for the quarter was 3.0 million pounds at an average total cash cost per pound sold of $16.

Q2 2012 Highlights

Operational

Energy Fuels Inc. and Denison Mines Corp. Announce Transaction to Create Leading U.S. Uranium Company

Energy Fuels Inc. ("Energy Fuels" or "EFR") (TSX: EFR.TO - News) and Denison Mines Corp. ("Denison" or "DML") (TSX: DML.TO - News)(AMEX: DNN - News) today announced that they have entered into a Letter Agreement to complete a transaction (the "Transaction") whereby EFR will acquire all of Denison's mining assets and operations located in the United States (the "US Mining Division") from Denison in exchange for 425,441,494 common shares of EFR (the "EFR Share Consideration"). Immediately following the closing of the Transaction, Denison will complete a Plan of Arrangement (the "Denison Arrangement") whereby Denison will complete a reorganization of its capital and will distribute the EFR Share Consideration to DML shareholders on a pro rata basis as a return of capital in the course of that reorganization.

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