Category Archives: Uranium Hunter Corp. URHN

Uranium Hunter URHN is a natural resource corporation devoted to the exploration and development of deposits of Uranium and Gold in East Africa. The company website can be found at www.UraniumHunterCorp.com.

Uranium Hunter has entered into a Definitive Agreement with Trimark Explorations, Ltd (“Trimark”), on behalf of its wholly owned subsidiary Gambaro Resources, to earn up to a 100% interest in the Uranium-Au property located in Njombe and Songea Districts, Tanzania. Uranium Hunter has optioned 170 km2 property in southern Tanzania covering sediments of the Karoo sequence which share common features with rocks of the Colorado Plateau in the western US that have become prolific producers of Uranium.

Uranium Hunter has entered into another Definitive Agreement with NPK Resources Ltd. to earn a 75% interest in the Nkoko and Kagadi uranium properties which contain over 800 km2 located in Kibaale district, Uganda, called the “Kibaale Project.”

The Ugandan government, World Bank, African Development Fund and the Nordic Development Fund has all co-sponsored a US $42 million high valued mineral centered aerial survey which began in January 2007. Results are expected shortly, and will aid in early exploration work on the properties.

Uranium Hunter Corporation (URHN.OB) Continues to Progress at its Ruhuhu Site in Tanzania

September 10, 2008

Uranium Hunter Corporation (URHN.OB), a natural resource company focused on the exploration and development of uranium and gold deposits in East Africa, continues to push forth effort at its Ruhuhu site in Tanzania.

Throughout the summer, Uranium Hunter has been working on the Ruhuhu site. In July, the company’s helicopter performed an airborne magnetic and radiometric survey of the area. The 1,000 line kilometer provided the company with information to make determinations on where uranium would be most likely be present. In August, the company began its advanced field program at ground targets that were determined from the helicopter survey data. Systematic sampling was conducted at each ground target, followed by pitting and trenching at areas that indicated promising results.

By the end of August, Uranium Hunter found that its Target 4 area had readings up to 870 cps over a 25 m interval at the northeast section of the zone. Trenching and pitting of the area commenced, along with systematic sampling of the area. On Monday, the company announced that it had recorded the highest single Geiger-counter reading of 1253 cps at the Target 4 site.

“While recognizing that we are still in the early phases of our field program, containing our excitement is proving to be difficult. The feeling is that we are on the verge of something big at Ruhuhu, and we, as with many of our shareholders surely, are anxiously awaiting further results,” said Ghaith Qamheiah, President of Uranium Hunter.

With such promising initial results at one target zone, Uranium Hunter continues to focus its efforts on the development of other ground targets at the Ruhuhu site. The company is possibly on the brink of a huge find.

Qamheiah concluded, “With the recent strengthening of the price of uranium, and the progress of our projects, we feel the future is bright for Uranium Hunter shareholders.”

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Uranium Energy Corp. (URHN.OB) Announces Record High Readings from Ruhuhu Project Field Program

September 8, 2008

Today, Uranium Energy announced that it has recorded a Geiger-counter reading of 1253 cps at Ruhuhu Target 4, the highest single reading so far. According to the company, the reading was recorded 145 m east of the base line of the trend anomaly.

This success is the latest news from the company regarding its ground crew’s efforts to map Target 4 for trenching, pitting and systematic sampling. Uranium Energy said it will continue to inform its shareholders with the latest updates from its field program as they become available.

Ghaith Qamheiah, President of Uranium Hunter commented, “While recognizing that we are still in the early phases of our field program, containing our excitement is proving to be difficult. The feeling is that we are on the verge of something big at Ruhuhu, and we, as with many of our shareholders surely, are anxiously awaiting further results.”

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Uranium Hunter Corp. (URHN.OB) Projects Hold Large Potential

September 5, 2008

Uranium Hunter is a publicly traded corporation with headquarters in Toronto, Canada and a focus on developing a portfolio of quality uranium exploration properties in East Africa. The company is already well positioned in the area with its 100% interest in the Ruhuhu property and letters of intent to acquire a 100% interest in two properties found in Western Uganda.

The company’s Ruhuhu proptery is located in southern Tanzania. The property covers the sediments of the Karoo sequence which shares features similar to that of the rocks of the Colorado Plateau in the western U.S., where uranium exploration companies have become prolific producers. In recent news, the company announced that its ongoing advanced field program has delivered very high Geiger-counter readings and that they will subsequently push forward with trenching, pitting and systematic sampling.

To further expand its portfolio, Uranium Hunter has also entered into letters of intent with NPK Resources Ltd. to earn 100% interests in both “Kagadi” and “Nikoko” Uranium Exploration projects in the Kibaale District, Western Uganda. The region contains more than 820 km2 of land, and is located close to the southeast corner of Lake Albert. In January of 2007, a $42-million, high-value mineral-centered aerial survey commenced and the results of the aerial survey are expected to be released soon.

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Uranium Hunter Corp. (URHN.OB) – Some Interesting Facts about Uranium

August 28, 2008

Uranium Hunter Corporation is a natural resources company devoted to the exploration and development of natural resources such as uranium and gold. The company, headquartered in Toronto, Canada, was founded with the focus of developing a portfolio of mineral properties in East Africa, more specifically the Njombe and Songea Districts in the Republic of Tanzania and Uganda. The long-term goal of Uranium Hunter is to meet the 70 million pound shortage of uranium the world needs to meet the demands of nuclear power plants, which are currently only receiving 55% of their needs.

The truth is that nuclear power is the largest source of clean-air, carbon-free energy in North America today. All waste products created by nuclear facilities are controlled and properly disposed of, making them an excellent sources of power with a very cost efficient input, uranium. In the future, especially if John McCain takes office, a massive plan to increase the number of nuclear reactors in North America could go into effect, driving up the demand for uranium, which already exceeds supply.

In addition to being largely free of pollution, and completely free of carbon byproducts, nuclear power has a significantly lower fuel consumption rate compared to alternative forms of energy. A 1-million kilowatt plant running on enriched uranium only requires 30 tons to produce energy for a year. Compare that to a natural gas plant which needs over 1.1 million tons.

Currently there are only a handful of active uranium mines. The majority of the world’s production comes from Canada, followed closely by Australia. The fact is that 66% of the world’s supply of uranium is generated by just 10 mines. With very limited competition, the uranium mining industry is a solid source of revenue in the future. Companies heavily invested in uranium now will be well leveraged as the world turns away from fossil fuels and towards nuclear energy.

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Uranium Hunter Corp. (URHN.OB) Announces Strong Initial Readings on First Ruhuhu Target

August 26, 2008

This morning, Uranium Hunter Corp. announced that it has continued to receive positive results from its ongoing advanced field program at Ruhuhu. Initial traversing has delivered very high Geiger-counter readings at ground Target 4. As high as 870 cps were recorded over a 25m interval at the northeast side of the trend anomaly.

Taking into account these encouraging results, the company intends to move forward with trenching, pitting, and systematic sampling at Target 4 while continuing with its existing field program. The company stated that it will be reporting further updates to shareholders as results become available.

Uranium Hunter also announced that it is in the process of finalizing and executing a stock option plan for its officers, directors and consultants. The details of the stock option plan are expected to be announced in the future.

Ghaith Qamheiah, President of Uranium Hunter commented, “Given the positive preliminary results of our field program, the initiation of a stock option plan for our directors, officers and consultants is a natural next step. Unquestionably, we are in the midst of very exciting times not only for company insiders but for all investors.”

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Uranium Hunter Corporation (URHN.OB) has Joined the International Search for Uranium

August 25, 2008

Uranium Hunter Corporation is a natural resource company devoted to the exploration and development of deposits of uranium in East Africa. The company has acquired properties in Tanzania that further enhance their position to become an established leader within the renewable energy industry.

Around the world, nuclear energy is becoming a core issue for many countries. Currently, 30 countries representing two-thirds of the world’s population use some 442 nuclear reactors to produce 16% of global electricity. Expansion of nuclear energy is underway in some countries already; China and India have plans to quadruple their nuclear capacity by 2020.

The International Atomic Energy Agency has significantly increased its projection of world nuclear generating capacity, and now anticipates at least 60 new plants to be built in the next 15 years. East Africa and Asia are two regions that are expected to produce the greatest growth, as there are over 100 nuclear power reactors in operation, twenty under construction, and plans to build another forty in the future.

Nuclear energy possesses a unique environmental advantage over fossil fuels in that virtually all nuclear waste can be contained and managed. Nuclear power plants produce no controlled air pollutants, such as sulfur and particulates, or greenhouse gases, which ultimately means that nuclear power plants do not produce any pollution. Nuclear energy is the largest source of clean air, carbon-free energy in North America.

In order to operate a 1 million-kilowatt power plant for one year, it takes 2.2 million tons of coal, 1.4 million tons of oil, 1.1 million tons of natural gas, or only 30 tons of enriched uranium.
By comparing how much fuel is required to operate a 1 million-kilowatt power plant for one year, it is no wonder why most nations around the world are looking into building and producing uranium for energy use. Production from world uranium mines now supplies only 55% of the requirements of power utilities. Canada produces the largest share of uranium from mines (28% of the world’s supply), followed by Australia (22%).

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Advanced Work at Tanzania Mining Site Underway For Uranium Hunter Corp. (URHN.OB)

August 20, 2008

Uranium Hunter Corp (OTCBB: URHN) announced that ground targets have been mapped by a field crew now in place at its Ruhuhu exploration site in Tanzania. Previously a helicopter survey identified targets based on the geophysics of the land.

“Much has been completed to finally be at this stage of the project,” said Ghaith Qamheiah, president of Uranium Hunter, “and we are anxiously awaiting results of the field program. With the recent strengthening of the price of uranium, and the progress of our projects, we feel the future is bright for Uranium Hunter shareholders.”

The advanced field work at the Ruhuhu site includes systematic sampling, followed by pitting and trenching of specific targets to reveal uranium outcropping of Karoo sediments underlying the area. When they become available, the company stated that it will release the field program test results.

Photos from the Ruhuhu exploration site have now been posted at www.uraniumhuntercorp.com, under the “Investor Relations” tab.

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Uranium Hunter Corp. (URHN.OB) is Adapting With a Changing Economy

Uranium Hunter Corporation is a company devoted to the exploration and development of natural resources such as uranium and gold. The Canadian company was founded in early 2003 and since that time has been changing and adapting to meet the needs of a changing world economy. Uranium Hunter knows that the global demand for energy continues to increase at a much faster pace than energy can be supplied. They are also aware that oil and coal are diminishing natural resources, and that alternative sources of energy such as wind and nuclear power are the next generation of energy.

The days of oil costing $15 a barrel and gold at $300 an ounce are a thing of the past, which is making margins for companies such as URHN increase dramatically. As emerging global economies continue to develop at an astronomical pace despite the recent credit crunch, the demand for gold and energy will continue to outpace the supply.

In order to meet the needs of the economy, Uranium Hunter has turned its focus to developing a portfolio of mineral properties in East Africa, which they believe to be the “world’s next mineral frontier”. The move to Africa is crucial for mining an increased amount of uranium oxide in order to keep feeding the need of enriched uranium-fuelled nuclear reactors. The price per pound of uranium is currently hovering around $64, but as more nuclear power facilities are built and they continue to generate power, the potential for uranium oxide to reach upwards of $100 per pound is not out of the question. The current economic environment and global demand for energy because of growth has Uranium Hunter well positioned for significant growth in the near future.

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Uranium Hunter Corp. (URHN.OB) Stands to Benefit Considerably from McCain’s Energy Policy

August 18, 2008

Presidential nominee John McCain is a longtime supporter of nuclear energy and was recently quoted as saying he, “would like to see at least 45 new nuclear reactors built in the US by 2030.” He has made it well known in his campaigning that the US is too dependent on foreign oil and shifting to more nuclear power plants would drastically reduce that dependency. The advantages to nuclear power are clear: it doesn’t emit greenhouse gases, it is cost efficient, and it is a reliable form of electricity produced from uranium – a fairly abundant domestic resource.

The US currently has 104 operating nuclear power plants, which account for approximately 20% of the power generated in the US. Based on McCain’s plan, the amount of power produced will increase greatly as the number of plants is increased by 43%. This power increase could mean a great deal of new homes and jobs for the builders, engineers and laborers at these new nuclear facilities. The increase in plants would also create a larger increase in this country’s the demand for uranium.

If McCain takes office and nuclear energy continues to grow at its rapid pace, uranium prices could be expected to rise and drive growth and value for shareholders much higher. Uranium Hunter has the advantage of harvesting its uranium from East Africa, an area that is proven to be rich in both uranium and gold. They have 100% interest in a few exploration projects and are currently awaiting the interpretation of data on several of their other prospective properties in Uganda. As the push for alternative forms of energy continues to grow, and the US tries to wean itself off fossil fuels, the future looks bright for Uranium Hunter Corporation.

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Uranium Hunter Corp. (URHN.OB) Announces Significant Aerial Survey Results at Ruhuhu Uranium Prospect

August 14, 2008

There is always a chance for a reversal of fortune. When it comes to mining in many parts of the world, governments come and go but the land remains. East Africa is a solid example. Years of strife have started to recede in several parts of the region with capitalism, and the desperate search for capital, beginning to take hold. Finding a mining company that has a background in their country of choice and people in place who understand current conditions is a solid way to profit where others may fear to tread.

Uranium Hunter Corp., a uranium and gold exploration and development company, works to identify and exploit uranium and gold deposits primarily in Uganda and Tanzania. Based in Toronto Canada, the company has been having solid results with its exploration activities, and is expecting further progress in East Africa sooner rather than later.

Although the company could have focused its exploration activities anywhere in the world, it has chosen to identify deposits in Uganda and Tanzania because of the relative lack of exploration activities in the region owing to political and economic conditions. In the last 10 years, however, conditions within these two countries have stabilized and improved to a point where World Bank analysts have advised the countries leaders that mining of uranium and gold is the best way to generate much-needed revenue. With development capital as a catalyst, government cooperation is anticipated.

Furthermore, experts in the uranium exploration field indicate that there is a ten-year backlog of exploration activities to be completed for a true analysis of uranium and gold deposits in the region. Although not complete by any means, initial analysis would tend to suggest that significant deposits are easily within extraction parameters.

The company’s current analysis has focused primarily on its Uganda properties. Through aerial survey, it has identified 8 significant formations within its Ruhuhu prospect and 9 further delineated zones with RAD_1 to RAD_9 readings – readings that are considered significant. Background anomalies have indicated concentrations 5 times higher than background readings.

Clearly, the company has signed agreements with Tanzania and Uganda that hold significant prospects of investment return. Further assessment is needed to clearly delineate each prospect but return on investment is very likely regardless of prospect size. Uranium Hunter has done its legwork and bided its time; it is now ready to move forward with extraction and solid revenue for the foreseeable future.

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Uranium Hunter Corp. (URHN.OB) Lands a Full Page Ad in USA Today

August 12, 2008

On August 12, 2008, USA Today magazine devoted an entire page to Uranium Hunter Corporation, a company dedicated to the exploration and development of natural resources such as uranium and gold. The company, headquartered in Toronto, Canada, was founded with the focus of developing a portfolio of mineral properties in East Africa, which they believe to be the “world’s next mineral frontier”.

Since their founding in early 2003, the company has been working on the acquisition and exploration of particular areas in and around the Republic of Tanzania and Uganda. Recently the company entered into a definitive agreement with Trimark Explorations, Ltd to earn up to a 100% interest in the Uranium-Au property located in the Njombe and Songea Districts in the Republic of Tanzania. These are proven territories in Tanzania, which in the past five years have exported more than $2.5 billion worth of gold, according to a June 16th report by MineWeb.

Uranium Hunter is also eagerly waiting the interpretation of data retrieved from an aerial survey of several properties in Uganda. The aerial survey is anticipated to be completed within the next six months and has been an ongoing project estimated to cost $42 million that was co-sponsored by the Ugandan government, the World Bank, the African Development Fund, and others. The survey will show results on a more than 600,000 line km and should rather accurately reveal the natural mineral wealth of the country for future exploration purposes.

With the price of uranium holding steady around $64 per pound, and the price of gold coming off of its recent all-time highs, the company is positioned well in a strong market. As the prices for many commodities continues to rise, and with the recent push for alternative fuel sources to stray from non-renewable fossil fuels, the need for uranium continues to grow. Presidential nominee John McCain is a longtime supporter of nuclear energy and was recently quoted as saying he, “would like to see at least 45 new nuclear reactors built in the US by 2030.” If nuclear energy continues to grow in popularity at its current pace, uranium prices could go through the roof, driving growth and value for shareholders of URHN.OB.

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Uranium Hunter Corp. (URHN.OB) Announces Positive Results from Helicopter Survey

Uranium Hunter Corp. announced today that the geophysical interpretation of the aeromagnetic and radiometric surveys commenced at its Ruhuhu Prospect have outlined as many as 8 outcropping zones of enhanced uranium activity. The 1,100 line km of airborne radiometric and magnetic data obtained by the airborne contractor was interpreted by GAP Geophysics of South Africa with the goal of mapping uranium anomalies of possible palaeochannel exploration interest. According to the company, some 9 subdivided zones of enhanced uranium activity (RAD_1 to RAD_9) have been interpreted, including anomalies whose responses are up to 5 times greater than background.

GAP Geophysics reported that the anomalous responses characterize Karoo sediments underlying the area and have comparable characteristics to uranium palaeochannel deposits in the Republic of South Africa Karoo, making them viable exploration targets. Uranium Hunter is providing the full report as a publication under the “Investor Relations” tab on the www.UraniumHunterCorp.com website.

Other uranium discoveries in similar rock formations to those found at the company’s Ruhuhu Prospect include the Kayelekera uranium deposit in Malawi, which is owned by Paladin Resources, and the Mkuju River project owned by Mantra Resources. The Kayelekera discovery has an inferred resource of 9.4 million tonnes ore at 0.12% U308, while the Mkuju project was recently reported to have thick zones of uranium mineralization.

“We are extremely encouraged by these results which continue to reaffirm the viability of our Ruhuhu project. With specific targets now identified, we are confident that further fieldwork will continue to follow this positive trend,” stated Ghaith Qamheiah, President of Uranium Hunter.

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Uranium Hunter Corporation (URHN.OB) is Working to Become Established Leader in the Uranium Hunt

August 11, 2008

Uranium Hunter Corporation (OTC: URHN) is a natural resource company devoted to the exploration and development of deposits of uranium in East Africa. The company has acquired properties in Tanzania that further enhance their position to become a leader within the energy industry.

Tanzania is one of Africa’s leading countries as far as mining for gold and other precious metals is concerned. The northwest part of the country is now an important producer of gold, producing over one million ounces in 2005, and shows potential for greater output in that region and other regions located within the country. Three companies have already commenced mining operations in Tanzania, including Barrick Gold (ABX: NYSE), Anglo-America Ashanti (ANGLY: NASDAQ), and Resolute Mining (RSX: ASX). Uranium Hunter sees great opportunity for uranium in the same way that gold has become an important component of the national economy of Tanzania.

Uranium is definitely a sector of exploration that holds enormous revenue and growth possibilities for companies engaging in exploration, development, and production of renewable energy sources to help combat the world’s energy problems. To date there are only four companies that produce 55% of uranium worldwide. These four companies are Cameco, Areva, Rio Tonto Energy Group, and WMC Resources, Ltd.

Currently, the company has optioned a 170-kilometer square property in the southern part of Tanzania covering sediments of the Karoo sequence which share common features with rocks of the Colorado Plateau in the western United States that have been prolific producers of uranium. Uranium can be found in Karoo rocks in Tanzania and northern Malawi, where Paladin Resources has already produced a positive feasibility study for an open pit uranium mine.

Uranium Hunter’s property was chosen for its diversity of geological features, including presence of rocks of the same horizon as the Paladin Resource Discovery. In south Tanzania, Uranex, a uranium exploration company, has achieved the first major exploration milestone by confirming extensive uranium mineralization at their flagship Bahi project.

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Uranium Hunter Corporation (URHN.OB) Joins Global Movement for Alternative Energy

August 6, 2008

Uranium Hunter Corporation (OTCBB: URHN) is a publicly traded uranium exploration company with headquarters in Toronto, Canada. Uranium Hunter engages in acquiring uranium exploration properties in East Africa while building an impressive portfolio to become an established leader in uranium exploration. The company has a 100% interest in the uranium Au-property in Njombe and Songea Districts in Tanzania. Uranium Hunter Corporation is resting on the idea that many other energy companies are also resting on, and that is that alternative energy can solve many energy problems that span the globe today.

Internationally, there is a rapid movement involving nuclear energy. During the year 2000 the uranium spot price was at $7/lb in December. In May of 2007, the uranium spot price rose to US $120. Around the world, countries are becoming involved in nuclear power expansion and it is expected that many other countries will follow in their footsteps. A couple of the largest and most populated countries, India and China, have developed plans to quadruple nuclear capacity by 2020. The International Atomic Energy Agency has significantly increased their projections of world nuclear generating capacity, and they now anticipate at least 60 new plants in the next 15 years.

Nuclear energy has distinct environmental advantages over fossil fuels, in that virtually all its wastes are contained and managed, and nuclear power stations do not cause any pollution. Nuclear energy is the largest source of clean-air, carbon-free energy in North America. Nuclear power plants produce no controlled air pollutants, such as sulfur and particulates, or greenhouse gases.

Production from world uranium mines now supplies only 55% of the requirements of power utilities. A host of companies, including Uranium Hunter, hope that they can change that number in their favor. The amount of fuel required to operate a 1 million kilowatt power plant for one year using enriched uranium totals 30 tons; other forms of energy to operate the same 1 million kilowatt power plant for one year range from natural gas at 1.1 million tons, oil at 1.4 million tons, and coal at 2.2 million tons.

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Uranium Hunter Corporation (URHN.OB) Recently Completed Aerial Survey on Tanzania Ruhuhu Uranium Project

August 2, 2008

Uranium Hunter Corporation (URNH.OB), a natural resource company focused on the exploration and development of uranium and gold in East Africa, recently announced that it has completed a magnetic and radiometric survey of the Ruhuhu Concession. The region is considered to be one of the most promising uranium sites in the world. The survey, which was performed by New Resolution Geophysics (NRG) of South Africa, reveals promising preliminary data. GAP Geophysics of Africa will perform a final geophysical interpretation of the data and release the findings in the near future.

Republican presidential candidate John McCain, who is a long-time supporter of nuclear energy, recently stated that he would like to see at least 45 new nuclear reactors built in the US by 2030. There are currently 104 nuclear reactors providing about 20 percent of the electrical power for the US. Ideally, McCain would like to see the number double by 2030, as no new reactors have been built in the US since the 1970’s.

“China, Russia and India are all planning to build more than a hundred new power plants among them in the coming decades,” stated McCain. “Across Europe there are 197 reactors in operation, and nations including France and Belgium derive more than half their electricity from nuclear power. And if all of these nations can find a way to carry out great goals in energy policy, then I assure you that the United States is more than equal to the challenge.”

Uranium Hunter should receive a geological interpretation of the Ugandan aerial survey data that was recently released by the Ugandan government. A number of entities funded the aerial survey including the World Bank, the African Development Bank, the Government of Uganda, and the Nordic Development Fund. With over 600,000 line kilometers of area to cover, about 50 percent of the flying has been completed. Magnetic horizontal radiometric and gamma-ray spectrometric readings are being taken from a fixed wing aircraft. Aerial readings for the remainder of the area should be completed over the next six months.

“Recent strengthening in the price of uranium is encouraging. We are seeing a strong renewal of interest in our market for Uranium exploration. With all these new reactors being built over the coming years, we expect to see the demand and price of uranium appreciate considerably. We are now well positioned to capitalize on this demand and expect our results to reflect positively in our Company’s bottom line. Once all the results of the airborne surveys are complete, we will release additional information to our shareholders and the investment world,” concluded Ghaith Qamheiah, president of Uranium Hunter.

Uranium Hunter has a number of partnership agreements for properties in East Africa. The company has an agreement with Trimark Exploration, Ltd, to earn up to 100 percent interest in a uranium property located in the Njombe and Songea districts of Tanzania. The company also has optioned a 170 square kilometer property in southern Tanzania, which is covered in sediments that share features with rocks round in the Colorado Plateau in the US that have become high uranium producers. Uranium Hunter has also entered into an agreement with NPK Resources Ltd. to earn a 75-percent interest in the Kibaale district of Uganda. With promising initial findings at all the sites, it looks like Uranium will be able to support the vision that McCain sees for the US.

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Uranium Hunter Corp. (URHN.OB) is Focused on Finding Uranium in East Africa

July 30, 2008

Uranium Hunter Corp. (URHN.OB) was founded with the purpose of building a portfolio of quality Uranium exploration properties in East Africa. The Company is already well positioned in the region with its 100% interest in the Uranium-Au property in Njombe & Songea Districts in Tanzania.

Uranium Hunter’s Tanzania property covers sediments of the Karoo sequence, which shares features similar to that of the rocks of the Colorado Plateau in the western U.S. where uranium exploration companies have become prolific producers. Uranium has been discovered in Karoo rocks in Tanzania and northern Malawi where Paladin Resources (TSX:PDN) has produced a positive feasibility study for an open pit Uranium mine with an inferred resource of 9.4 Mt of ore at 0.12% U3O8 containing 10,850t U3O8.

The company has also signed letters of intent with NPK Resources Ltd to earn 100% interests in both “Kagadi” and “Nikoko” Uranium Exploration projects in the Kibaale District, Western Uganda. The region contains more than 820 km2 of land, and is located close to the southeast corner of Lake Albert. In January 2007, a $42 million high value mineral centered aerial survey commenced and the results of the aerial survey are expected to be released soon.

The President of Uranium Hunter, Ghaith Qamheiah, recently expressed his optimism regarding his company’s future stating, “Recent strengthening in the price of uranium is encouraging. We are seeing a strong renewal of interest in our market for Uranium exploration. With all these new reactors being built over the coming years, we expect to see the demand and price of uranium appreciate considerably. We are now well positioned to capitalize on this demand and expect our results to reflect positively in our Company’s bottom line. Once all the results of the airborne surveys are complete, we will release additional information to our shareholders and the investment world.”

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Uranium Hunter Corp. (URHN.OB) is “One To Watch”

August 3, 2007

Uranium Hunter is a publicly traded company headquartered in Toronto, Canada. The company’s main focus is to develop a portfolio of quality Uranium exploration properties in East Africa.

The company is well positioned in East Africa with 100% interest in its Uranium-Au property located in Njombe & Songea districts. The CEO, Adam Cegielski, has experience in the development of exploration stage ventures indentifying minerals, gold and other resources.

Today, the company announced that it has discovered a sandstone uranium deposit and is extremely excited about it since the discovery confirms the commercial potential of the entire region. The CEO stated, “Our team is now on the ground, and clearly moving forward with great excitement. With the company’s aggressive exploration plans, it will be vital to have a specialized exploration manager to ensure our results will comply with 43-101 technical requirements. Viv’s expertise in the Karoo system will prove to be invaluable.”

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