Trigon Comments on Historical Hauber Data



    KELOWNA, BC, June 26 /CNW/ - Trigon Uranium Corp. ("Trigon" or "the
Company") (TSX-V:TEL) is providing clarification with respect to its press
release of June 25, 2007 where it announced 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 U3O8 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 providing clarification that while these resources were obtained from
historical Homestake geological files, the information was created prior to
NI43-101 and a qualified person has not done sufficient work to classify the
historical resources as current mineral resources. The issuer is not treating
the historical estimate as current mineral resources and the estimate should
not be relied upon.
    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".

    Should you wish to receive Company news via email, please email
    ana@chfir.com and specify "Trigon News" in the subject line

    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

Organization Profile

TRIGON URANIUM CORP.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890