Trigon Announces Wyoming Venture with Ur-Energy



    KELOWNA, BC, June 25 /CNW/ - Trigon Uranium Corp. ("Trigon" or "the
Company") (TSX-V:TEL) is pleased to announce it has entered into agreements
with Ur-Energy Inc. (TSX:URE) ("Ur-Energy") where Trigon can earn an interest
in the Hauber Project LLC ("Project"), represented by property located in
Crook County, Wyoming. The property includes five areas identified through
pre-1987 drilling by Homestake Mining Company ("Homestake") as containing
uranium resources. The Project is located near the former Hauber uranium mine
which produced 2.63 Million pounds U(3)O(8) at an average grade of 0.225%
between 1958 and 1966. While exploring the area surrounding the Hauber mine,
Homestake outlined several million pounds of uranium resources which remain
undeveloped. Trigon is the operator of the Project.
    Sidney Himmel, President and CEO of Trigon stated: "Wyoming hosts the
largest reserve base of uranium of any state in the United States. We are
pleased to have expanded our exploration and development activities into
Wyoming as operator of the Project. We also look forward to working with
Ur-Energy's high-caliber technical team. Bob Steele, one of our senior uranium
mining engineers, will supervise Trigon's work on the project. Bob is very
familiar with the Project's potential and past exploration as he oversaw
operations of the Hauber mine while with Homestake. Significant uranium
resources were identified in the Hauber Project area by Homestake Mining
Company in the 1980s."
    The Project consists of 205 unpatented lode mining claims and one state
uranium mining lease totaling approximately 5,160 acres. The Project is
located approximately 20 kilometres northwest of the town of Hulett in Crook
County, Wyoming. The claims are centered around the underground Hauber mine
which was operated by Homestake between 1958 and 1966. The Hauber mine
produced 2.63 Million pounds U(3)O(8) at an average grade of 0.225%
(4.5 lbs/ton) and 3.45 Million pounds of V(2)O(5).
    Significant uranium mineralization in the Project area is hosted in the
Lakota Formation of the Early Cretaceous Inyan Kara Group. Ore-bearing
channels in the Lakota range from 10 to 87 feet thick and host ore pods
ranging in size from 10 feet to 1000 feet in length and up to 750 feet in
width. In the Hauber mine average ore thickness was seven feet but reached as
much as 12 feet. Multiple, stacked mineralized horizons resulted in mineable
thicknesses up to 30 feet. Ore is typically within 400 hundred feet of
surface.
    According to the terms of the agreements, Trigon will operate the Project
and can earn a 50% interest in the property by funding US $1.5 Million in
exploration over three years. Trigon can subsequently increase its interest to
51% interest by funding a further US $1 Million in exploration. If Trigon does
not increase its interest to 51%, Ur-Energy may do so for the same payment
contribution. The agreements include a 60-day environmental due diligence
period at the outset, during which Trigon will conduct an independent
environmental due diligence study to confirm that there are no manmade
environmental hazards or other environmental liabilities prior to the
commencement of the Project.

    About Trigon Uranium Corp.

    Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the United States South West. This region has
produced over one billion pounds of uranium. Trigon has a highly qualified
team of uranium exploration experts located in Canada, Utah, and Colorado to
direct its exploration and development efforts in the United States South
West. Trigon's strategies include the development of advanced uranium
projects, entry into uranium mining on an expeditious basis, and opportune
acquisitions of Uranium development properties for operation or sale. The
company has offices in Kelowna (British Columbia), Golden (Colorado), and Moab
(Utah). The company has 55,075,233 shares outstanding and its stock trades on
the TSX Venture Exchange under the symbol "TEL".

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.

    %SEDAR: 00021118E




For further information:

For further information: please visit www.trigonuraniumcorp.com or
contact: Sidney Himmel, President and Chief Executive Officer, Trigon Uranium
Corp., Tel: (250) 317-3624, Email: sidney.himmel@trigonuraniumcorp.com; Jeanny
So, Broker Relations Specialist, CHF Investor Relations, Tel: (416) 868-1079
x225, Email: jeanny@chfir.com; Should you wish to receive Company news via
email, please email ana@chfir.com and specify "Trigon News" in the subject
line

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TRIGON URANIUM CORP.

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