UEX Stepout Drilling Expands Mineralization at Raven and Horseshoe



    
    New N.I. 43-101 Compliant Resource Estimate Scheduled for Release in
    July.
    RU-169 Intersects 0.43% U(3)O(8) Over 18.4 Metres at Raven.
    

    Trading Symbol: UEX-TSX

    VANCOUVER, June 10 /CNW/ - UEX Corporation ("UEX") is pleased to announce
drilling results from its winter 2009 drilling program at the Raven and
Horseshoe Deposits, which are located within UEX's 100%-owned Hidden Bay
Project in the eastern Athabasca Basin of northern Saskatchewan, Canada.
Drilling during this program expanded the footprint of the deposits, and the
results will be incorporated into a revised and expanded National Instrument
43-101 (N.I. 43-101) resource estimate which is expected to be received in
early July. Stepout drilling conducted beyond the limits of the existing
resources included intercepts of 0.43% U(3)O(8) over 18.4 metres in hole
RU-169 at the Raven Deposit ("Raven"), and 0.22% U(3)O(8) over 19.6 metres in
hole HU-324 at the Horseshoe Deposit ("Horseshoe"). Several holes drilled
within the limits of the previous resource to better establish the continuity
of wider mineralized intervals were also successful, with intercepts of 0.192%
U(3)O(8) over 19.6 metres in hole HU-324 at Horseshoe and 0.169% U(3)O(8) over
23.0 metres in hole RU-179 at Raven.
    As previously reported in the January 5, 2009 news release and a N.I.
43-101 report filed on SEDAR on February 19, 2009, the Raven and Horseshoe
Deposits collectively contain, at a cutoff grade of 0.05% U(3)O(8), N.I.
43-101 compliant resources that include 7,545,300 tonnes grading 0.168%
U(3)O(8), which contain 27,847,000 pounds U(3)O(8) in the Indicated category,
and a further 805,200 tonnes grading 0.144 % U(3)O(8) in the Inferred category
containing 2,560,000 pounds of U(3)O(8). Within these combined resources, the
resources for the Horseshoe Deposit comprise 3.58 million tonnes grading 0.24%
U(3)O(8) in the Indicated category containing 18.69 million pounds of
U(3)O(8), and 0.31 million tonnes grading 0.21% U(3)O(8) in the Inferred
category containing 1.43 million pounds of U(3)O(8). Resources for both
deposits were estimated by K. Palmer, P.Geo. of Golder Associates Ltd.
("Golder"). Resource modeling incorporating the new drilling results is well
underway and anticipated to be completed in July.
    The winter 2009 drilling program comprised 32,167 metres of drilling in
105 diamond drill holes which were completed between January and April, 2009
using three drills. This program included 56 drill holes (16,631 metres) at
Raven, consisting mostly of stepout drill holes in western parts of the
deposit, but also included four infill drill holes and seven holes drilled to
test targets east of Raven. A total of 49 drill holes (15,536 metres) were
completed at Horseshoe which were focused mainly in the Horseshoe Northeast
area, expanding mineralization there. Ten of the Horseshoe drill holes
explored the area between Horseshoe and Raven to the west. In addition to the
drilling, UEX recently completed a 170 line-kilometre DC resistivity survey to
identify additional targets west, northwest and south of the deposits.
    To view a map of new mineralization outlined during the winter 2009
drilling program at Raven and Horseshoe, visit UEX's website at
www.uex-corporation.com under "News Releases."

    Horseshoe Drilling Results

    The winter 2009 drilling in the Horseshoe Northeast area has now expanded
mineralization by approximately 300 metres to the northeast of the previous
N.I. 43-101 compliant Horseshoe resource. Mineralization in this area occurs
in two new zones which lie close to, but northeast of, the previously defined
areas of mineralization. The mineralization has now been defined at
approximately 30-metre drill hole spacing. One drill hole was also completed
as an infill hole in previously defined eastern parts of Horseshoe.
Significant drilling intercepts from the Horseshoe drilling program are listed
in Table 1. Highlights include the following:

    
    -   0.082% U(3)O(8) over 15.0 metres in hole HU-311 (section 4805N);
    -   0.187% U(3)O(8) over 8.0 metres in hole HU-316 (section 4915N);
    -   0.068% U(3)O(8) over 21.0 metres in hole HU-321 (section 4954N);
    -   0.220% U(3)O(8) over 19.6 metres in hole HU-324 (section 4847N),
           including 1.089% U(3)O(8) over 3.1 metres;
    -   0.192% U(3)O(8) over  25.5 metres in hole HU-331 (BE zone infill
        drill hole, section 4673N),
           including 1.517% U(3)O(8) over 1.5 metres;
    -   0.687% U(3)O(8) over 3.2 metres in hole HU-349 (section 4858N);
    -   0.183% U(3)O(8) over 5.6 metres also in hole HU-349 (section 4858N);
        and
    -   0.068% U(3)O(8) over 27.0 metres also in hole HU-349 (section 4858N).
    

    True thickness and morphology of the mineralization associated with these
intercepts is variable, with the northeastern pod defining a steep northwest
dipping, broad lobe that is parallel to the metamorphic stratigraphy. The
deeper G zone, represented by drill hole HU-324 and several holes drilled in
the fall of 2008, including drill hole HU-289 (0.57% U(3)O(8) over 23.0
metres), is a lenticular, southeast dipping lens which lies at depths of 300
to 450 metres below surface immediately to the northeast of the previous
resource. The HU-349 intercept is a broad mineralized interval that returned
0.034% U(3)O(8) over 316.4 metres when composited continuously, including 84.6
metres that were not sampled and which have been composited at zero grade.
This latter intercept, while probably drilled at a shallow angle to a
mineralized zone, has established a steeply dipping link between the two
Horseshoe Northeast zones and has enhanced understanding of the mineralization
continuity.
    Drill holes HU-348 and HU-350 to HU-358 were directed at exploration
targets west of the Horseshoe Deposit and east of the Raven Deposit. The most
significant mineralization intercepted in this area is 0.078% U(3)O(8) over
11.0 metres in drill hole HU-350. This mineralization could form part of a
small pod between the two deposits, although its size is limited by adjacent
drill holes. Potential for additional small pods still exists between the two
deposits in areas of widely spaced drilling.

    Raven Drilling Results

    The winter 2009 drilling program expanded the Raven Deposit an additional
250 metres west of the recent N.I. 43-101 compliant Raven resource.
Mineralization intersected is primarily in extensions of the two previously
defined principal zones within the Raven Deposit: the shallow-plunging Upper
zone and the southeast-dipping Lower zone. In addition, two infill drill holes
also better established continuity of mineralization within the existing
resource area. Full results are listed in Table 2. Principal drilling
intercepts include the following:

    
    -   0.748% U(3)O(8) over 2.3 metres in hole RU-162 (section 5062E);
    -   0.222% U(3)O(8) over  5.4 metres in hole RU-164 (section 5065E);
    -   0.166% U(3)O(8) over  6.6 metres in hole RU-168 (section 4996E);
    -   0.425% U(3)O(8) over 18.4 metres in hole RU-169 (section 4936E),
           including 1.095% U(3)O(8) over 3.1 metres;
    -   0.191% U(3)O(8) over 6.2 metres also in hole RU-169 (section 4936E);
    -   0.141% U(3)O(8) over 23.0 metres in hole RU-172 (infill hole, section
        5529E);
    -   0.108% U(3)O(8) over 30.0 metres in hole RU-175 (section 4911E);
    -   0.060% U(3)O(8) over 28.0 metres in hole RU-177 (section 5613E);
    -   0.169% U(3)O(8) over 23.0 metres in hole RU-179 (infill hole, section
        5613E);
    -   0.298% U(3)O(8) over 7.0 metres also in hole RU-179 (infill hole,
        section 5613E);
    -   0.085% U(3)O(8) over 16.8 metres in hole RU-181 (section 5220E)
    -   0.212% U(3)O(8) over 11.25 metres in hole RU-187 (infill hole,
        section 5000E);
    -   0.087% U(3)O(8) over 15.0 metres also in hole RU-187 (infill hole,
        section 5000E);
    -   0.120% U(3)O(8) over 25.0 metres in hole RU-192 (section 4915E);
    -   0.800% U(3)O(8) over 1.5 metres in hole RU-195 (section 4936E);
    -   0.138% U(3)O(8) over 12.0 metres in hole RU-197 (section 4937E);
    -   0.228% U(3)O(8) over 10.3 metres in hole RU-206 (section 4968E); and
    -   0.062% U(3)O(8) over 27.2 metres in hole RU-207 (section 5065E).
    

    True thickness of the intercepts is variable since mineralized zones have
complex shapes. Most zones are lensoidal.
    Seven holes drilled east of the Raven Deposit (RU-191, 194, 196, 198,
201, 202 and 204) indicate that the principal mineralized zones are now
bounded in this eastern area. Narrow intervals of mineralization were
intersected in several of these holes, including 0.122% U(3)O(8) over 2.0
metres in drill holes RU-194, and intercepts of 0.152% U(3)O(8) over 1.5
metres and 0.161% U(3)O(8) over 1.0 metres in hole RU-202. Similar to the
holes drilled west of Horseshoe, these results suggest the potential for small
mineralized pods between the two deposits, but bounding drill holes limit
their potential size.

    Summer 2009 Exploration Program

    With the successful expansion of the Raven and Horseshoe Deposits by
definition drilling in the winter of 2009, drilling has now largely tested the
area of previous historical drilling by Gulf Minerals Canada ("Gulf"). Parts
of some mineralized zones which remain partially open will be tested with
several drill holes this summer. A small near surface pod of mineralization at
Raven which was intersected by several widely spaced Gulf drill holes,
including an intercept in hole LB-80 of 1.89% U(3)O(8) over 2.43 metres at
depths of approximately 40 metres from surface, will be tested this summer by
six short drill holes. In addition to these near surface targets, areas of
clay alteration and inferred structures defined by previous drill holes and
2009 resistivity surveys will be tested in the proximity of the Raven and
Horseshoe Deposits. In the Vixen Lake area to the northwest, drilling will
also test the source area of pitchblende mineralization that occurs in glacial
till and coincides with new anomalous DC resistivity lows identified during
the winter geophysical program. Approximately 10,000 metres of drilling with
two drills is planned for Horseshoe, Raven and adjacent areas.
    An additional 5,000 metres of drilling is planned for the Telephone Lake
area in the northwestern parts of the Hidden Bay property. This area, which
lies just south of and along strike from the Sue Deposits on the adjacent
McClean Lake mine property operated by AREVA Resources Canada Inc. ("AREVA"),
contains potential for discovery of a Sue C or Eagle Point style
mineralization along the Telephone Lake Fault. Drilling will target areas of
mineralization down dip from previous mineralized intercepts near the
Athabasca unconformity that include 0.20% U(3)O(8) over 6.8 metres in drill
hole SP-166, and 4.52% U(3)O(8) over 0.5 metres in drill hole SP-156.

    About the Raven and Horseshoe Deposits

    Mineralization at the Raven and Horseshoe Deposits comprises mainly
southeast dipping zones of hematization with disseminated and veinlet
pitchblende-boltwoodite-uranophane that are hosted by folded arkosic quartzite
gneiss. Mineralization comprises a combination of disseminated
pitchblende-chlorite-hematite, and narrower, higher grade nodular and veinlet
pitchblende in hematite-clay alteration. Mineralization in the resource area
at Horseshoe has been defined to date continuously over a strike length of
approximately 600 metres and a dip length of up to 300 metres, occurring at
depths of 100-420 metres below surface. At Raven, which lies 0.5 kilometres
west of Horseshoe, mineralization in the current resource has to date been
defined over a strike length of approximately 700 metres at depths below
surface of 100 to 300 metres in two dominant, subhorizontal zones. The
deposits are located less than 5 kilometres south of Cameco Corporation's
Rabbit Lake operations, and 12 kilometres southeast of AREVA's McClean Lake
operations. Both are hosted by competent basement rocks that could be amenable
to both open-pit and conventional underground ramp access mining methods,
pending a positive feasibility study.
    Raven and Horseshoe mineralization comprises pitchblende and other
uranium oxides and silicates without potentially deleterious nickel-arsenide
minerals that may affect extraction and pose tailings disposal problems. As
previously reported, metallurgical studies on representative composited drill
core assay rejects and metallurgical drill holes from both deposits indicate
that the uranium in the Raven and Horseshoe Deposits is easily leached under
relatively mild atmospheric leach conditions. The excellent extraction levels
are comparable to other metallurgically simple basement hosted deposits in the
region, including the nearby Eagle Point Deposit.
    In progressing toward a combined feasibility study on the Raven and
Horseshoe Deposits, environmental baseline studies were commenced by Golder in
2006. During the 2007 and 2008 drilling programs, geotechnical studies of the
area of the deposits also commenced, assessing rock properties and
hydrogeology. Once the new resource is received, UEX plans to initiate initial
scoping work prior to undertaking any feasibility study.

    Sample Handling and Quality Assurance

    Geochemical samples are selected with the aid of a hand-held
scintillometer to identify areas of above-background radioactivity. Samples
are split, with half remaining in the core box, and the remainder shipped to
Saskatchewan Research Council Geoanalytical Laboratories ("SRC") where they
are crushed and ground to minus 106 microns. The pulp is digested in aqua
regia leach and analyzed by ICP for uranium and other elements. In addition to
the geochemical analyses, down-hole probe radiometric results obtained for all
drill holes on completion of drilling provide an independent check of the
geochemical data. Probe results can be used for grade calculations where poor
ground conditions occur and drill core recoveries are low, although at Raven
and Horseshoe recoveries are generally at, or close to, 100%. UEX has
commenced systematic insertion of sample blanks and standards of several
grades into the sample stream. In addition, repeat analyses are routinely
analyzed, laboratory standards are inserted by SRC, and selected sample pulps
have been submitted to other independent laboratories for check analyses to
assess sample repeatability and accuracy of the SRC results.
    The technical information in this document has been compiled and reviewed
by D. Rhys, P.Geo., a qualified person as defined by N.I. 43-101.

    About UEX

    UEX is a Canadian uranium exploration and development company actively
involved in 19 uranium projects, including seven that are 100% owned and
operated by UEX, one joint venture with AREVA that is operated by UEX, ten
joint-ventured with AREVA and one under option from Japan-Canada Uranium
Company, Limited, which are operated by AREVA. The 19 projects, totaling
356,088 hectares (879,913 acres), are located in the eastern, western and
northern perimeters of the Athabasca Basin, the world's richest uranium belt,
which accounts for approximately 21% of the global primary uranium production.
UEX is currently developing several uranium deposits in the Athabasca Basin
which include the Kianna, Anne and Colette Deposits at its 49%-owned Shea
Creek Uranium Project, a joint venture with AREVA in the western Athabasca
Basin, and the West Bear, Raven and Horseshoe Deposits located at its 100%
owned Hidden Bay Project in the eastern Athabasca Basin. UEX's exploration and
development budgets planned for 2009 total approximately $22.5 million, of
which UEX will be responsible for approximately $17.0 million.

    
           ON BEHALF OF THE BOARD OF DIRECTORS OF UEX CORPORATION

                             Stephen H. Sorensen,
                               President & CEO
    

    Forward-Looking Statements

    This news release contains "forward-looking statements" that are based on
UEX's current expectations, estimates, forecasts and projections. These
forward-looking statements include statements regarding UEX's outlook for our
future operations, plans and timing for the commencement or advancement of
exploration activities on our properties, and other expectations, intention
and plans that are not historical fact. The words "estimates", "projects",
"expects", "intends", "believes", "plans", or their negatives or other
comparable words and phrases are intended to identify forward-looking
statements. Such forward-looking statements are based on certain factors and
assumptions and are subject to risks, uncertainties and other factors that
could cause actual results to differ materially from future results expressed
or implied by such forward-looking statements. Important factors that could
cause actual results to differ materially from UEX's expectations include
uncertainties relating to interpretation of drill results and geology,
continuity and grade of deposits, fluctuations in uranium prices and currency
exchange rates, and other risks and uncertainties disclosed in UEX's Annual
Information Form and other filings with the securities commission on SEDAR.
Many of these factors are beyond the control of UEX. Consequently, all
forward-looking statements made in this news release are qualified by this
cautionary statement and there can be no assurance that actual results or
developments anticipated by UEX will be realized. For the reasons set forth
above, investors should not place undue reliance on such forward-looking
statements. Except as required by applicable law, UEX disclaims any intention
or obligation to update or revise forward-looking information, whether as a
result of new information, future events or otherwise.


    

                                  Table 1.
                   Winter 2009 Horseshoe Drilling Program
              Intersections from Drill Holes HU-310 to HU-358.

    Only intervals with composite grades greater than 0.05% U(3)O(8) and a
grade-thickness product greater than 0.1 are listed below. All analyses were
performed by Saskatchewan Research Council by ICP.  No intervals greater than
0.05% U(3)O(8) and a grade thickness product higher than 0.1 were intersected
in holes HU-312, 313, 318, 322, 325, 326, 335, 336, 338, 340, 342, 344, 346,
and 351-358.


    -------------------------------------------------------------------------
                                                                       Avg.
            Section  Depth of Hole    From         To      Length   Grade (%
    Hole    (North)    (metres)     (metres)    (metres)  (metres)  U(3)O(8))
    -------------------------------------------------------------------------
    HU-310    4805     474            317.8       325.6      7.8       0.073
                                      341.0       352.0     11.0       0.089
                                      363.0       364.0      1.0       0.220
    -------------------------------------------------------------------------
    HU-311    4870     279            166.6       181.6     15.0       0.082
                                      254.1       256.0      1.9       0.366
    -------------------------------------------------------------------------
    HU-314    4885     249            110.3       116.0      5.7       0.111
                                      166.0       169.0      3.0       0.067
                                      177.0       179.0      2.0       0.061
    -------------------------------------------------------------------------
    HU-315    4795     444            300.0       303.0      3.0       0.093
                                      323.7       325.0      1.3       0.079
                                      377.6       378.2      0.6       0.656
    -------------------------------------------------------------------------
    HU-316    4915     346            168.0       176.0      8.0       0.187
                                      225.0       225.4      0.4       0.406
                                      248.5       249.5      1.0       0.291
                                      289.2       291.0      1.8       0.067
    -------------------------------------------------------------------------
    HU-317    4915     300            145.0       146.0      1.0       0.212
                                      157.6       157.9      0.3       0.891
                                      174.7       181.7      7.0       0.071
    -------------------------------------------------------------------------
    HU-319    4954     261            214.0       216.4      2.4       0.106
    -------------------------------------------------------------------------
    HU-320    4833     471            385.0       386.0      1.0       0.111
    -------------------------------------------------------------------------
    HU-321    4954     279            151.0       172.0     21.0       0.068
    -------------------------------------------------------------------------
    HU-323    4833     285            211.0       213.0      2.0       0.107
    -------------------------------------------------------------------------
    HU-324    4847     453            179.6       180.2      0.6       0.248
                                      362.5       363.7      1.2       0.315
                                      379.6       399.2     19.6       0.220
                       including      396.1       399.2      3.1       1.089
    -------------------------------------------------------------------------
    HU-327    4885     399            273.4       275.2      1.8       0.084
    -------------------------------------------------------------------------
    HU-328    4871     450            357.0       358.0      1.0       0.413
                                      361.0       362.0      1.0       0.146
                                      396.9       397.8      0.9       0.151
    -------------------------------------------------------------------------
    HU-329    5015     299             33.0        33.7      0.7       0.613
                                       41.0        43.1      2.1       0.230
    -------------------------------------------------------------------------
    HU-330    4897     417            344.5       345.2      0.7       0.443
    -------------------------------------------------------------------------
    HU-331    4673     359            295.5       321.0     25.5       0.192
                       including      295.5       297.0      1.5       1.517
    -------------------------------------------------------------------------
    HU-332    4985     349            265.0       268.0      3.0       0.096
                                      277.4       278.0      0.6       0.198
    -------------------------------------------------------------------------
    HU-333    4985     222            138.0       140.2      2.2       0.077
                                      147.0       156.0      9.0       0.068
                                      168.5       175.5      7.0       0.050
                                      186.5       196.5     10.0       0.051
    -------------------------------------------------------------------------
    HU-334    4985     241            185.0       188.0      3.0       0.060
    -------------------------------------------------------------------------
    HU-337    4985     180            102.0       104.0      2.0       0.055
    -------------------------------------------------------------------------
    HU-339    5015     120             45.4        46.4      1.0       0.354
    -------------------------------------------------------------------------
    HU-341    5015     270            216.0       218.0      2.0       0.070
    -------------------------------------------------------------------------
    HU-343    5015     300            203.7       208.0      4.3       0.134
                                      223.0       225.0      2.0       0.059
    -------------------------------------------------------------------------
    HU-345    5045     270            180.0       182.0      2.0       0.058
    -------------------------------------------------------------------------
    HU-347    4858     300            107.0       109.0      2.0       0.118
                                      180.0       185.0      5.0       0.064
    -------------------------------------------------------------------------
    HU-348    4033     289            143.5       147.0      3.5       0.077
    -------------------------------------------------------------------------
    HU-349(*) 4845     519            108.9       111.3      2.4       0.115
                                      162.0       166.3      4.3       0.144
                                      213.9       215.4      1.5       0.199
                                      253.4       256.6      3.2       0.687
                                      264.6       265.6      1.0       0.153
                                      274.6       276.0      1.4       0.180
                                      303.0       308.6      5.6       0.183
                                      332.6       334.9      2.3       0.053
                                      348.0       349.0      1.0       0.108
                                      355.0       356.8      1.8       0.244
                                      372.5       376.0      3.5       0.061
                                      387.0       390.0      3.0       0.196
                                      433.0       438.0      5.0       0.076
                                      476.0       503.0     27.0       0.068
    -------------------------------------------------------------------------
    HU-350    4033     300            178.5       189.5     11.0       0.078
    -------------------------------------------------------------------------

    (*) HU-349 interval also composites to 0.034% U(3)O(8) over 316.4 metres,
        including 84.6 metres that were not sampled and which have been
        composited at 0 grade.


                                   Table 2.
                     Winter 2009 Raven Drilling Program
               Intersections from Drill Holes RU-161 to RU-216.

    Only intervals with composite grades greater than 0.05% U(3)O(8) and a
grade-thickness product greater than 0.1 are listed below. All analyses were
performed by Saskatchewan Research Council by ICP. No intervals greater than
0.05% U(3)O(8) and a grade thickness product higher than 0.1 were intersected
in holes RU-165, 166, 173, 176, 178, 180, 183, 184, 188, 190, 196, 198, 201,
203, 204, 205, 208, 210, 212, 214, 215, and 216.


    -------------------------------------------------------------------------
                                                                       Avg.
            Section  Depth of Hole    From         To      Length   Grade (%
    Hole     (East)    (metres)     (metres)    (metres)  (metres)  U(3)O(8))
    -------------------------------------------------------------------------
    RU-161    5062     320            232.3       237.3      5.0       0.133
                                      260.4       261.5      1.1       0.343
                                      270.4       271.5      1.1       0.276
    -------------------------------------------------------------------------
    RU-162    5062     299            140.7       143.0      2.3       0.092
                                      221.3       223.0      1.7       0.103
                                      231.7       234.0      2.3       0.748
    -------------------------------------------------------------------------
    RU-163    5062     291            137.3       145.0      7.7       0.090
    -------------------------------------------------------------------------
    RU-164    5065     212            115.8       121.2      5.4       0.222
                                      132.0       133.5      1.5       0.065
    -------------------------------------------------------------------------
    RU-167    5060     380            296.2       298.0      1.8       0.060
                                      309.0       313.0      4.0       0.068
                                      321.4       322.3      0.9       0.120
    -------------------------------------------------------------------------
    RU-168    4996     356             93.0        94.0      1.0       0.195
                                      102.0       103.0      1.0       0.115
                                      252.5       253.5      1.0       0.098
                                      275.8       282.4      6.6       0.166
                       including      275.8       276.1      0.3       2.240
    -------------------------------------------------------------------------
    RU-169    4936     380            163.0       169.2      6.2       0.191
                                      187.8       190.0      2.2       0.079
                                      201.0       219.4     18.4       0.425
                       including      214.3       217.4      3.1       1.095
    -------------------------------------------------------------------------
    RU-170    4936     386            188.8       190.7      1.9       0.098
                                      204.4       205.4      1.0       0.105
    -------------------------------------------------------------------------
    RU-171    4936     320            149.0       151.0      2.0       0.072
                                      157.0       158.2      1.2       0.098
                                      215.0       218.0      3.0       0.241
                                      225.9       226.5      0.6       0.362
    -------------------------------------------------------------------------
    RU-172    5529     288             73.0        76.0      3.0       0.063
                                       88.0       111.0     23.0       0.141
                                      209.0       217.0      8.0       0.083
    -------------------------------------------------------------------------
    RU-174    5562     309             96.5        98.0      1.5       0.117
                                      106.5       108.0      1.5       0.199
                                      243.0       251.0      8.0       0.084
    -------------------------------------------------------------------------
    RU-175    4911     251            144.7       174.7     30.0       0.108
    -------------------------------------------------------------------------
    RU-177    5613     279            216.0       244.0     28.0       0.060
    -------------------------------------------------------------------------
    RU-179    5613     291            105.0       108.5      3.5       0.072
                                      146.0       149.0      3.0       0.132
                                      171.0       194.0     23.0       0.169
                                      221.0       228.0      7.0       0.298
                                      240.0       243.5      3.5       0.074
    -------------------------------------------------------------------------
    RU-181    5220     345            286.2       303.0     16.8       0.085
    -------------------------------------------------------------------------
    RU-182    5000     251            185.0       187.0      2.0       0.078
                                      212.4       223.0     10.6       0.066
    -------------------------------------------------------------------------
    RU-185    4886     420            173.5       174.5      1.0       0.110
                                      189.0       191.5      2.5       0.232
                                      347.5       354.0      6.5       0.082
    -------------------------------------------------------------------------
    RU-186    5000     161            134.5       138.5      4.0       0.046
    -------------------------------------------------------------------------
    RU-187    5000     212             63.8        75.0     11.2       0.212
                       including       63.8        68.1      4.3       0.483
                                       99.0       114.0     15.0       0.087
                                      133.0       137.0      4.0       0.067
                                      165.0       172.0      7.0       0.119
                                      195.0       203.0      8.0       0.096
    -------------------------------------------------------------------------
    RU-189    4886     399            165.4       167.0      1.6       0.277
    -------------------------------------------------------------------------
    RU-191    5780     259            212.0       214.0      2.0       0.053
    -------------------------------------------------------------------------
    RU-192    4915     212            123.5       127.0      3.5       0.147
                                      158.5       183.5     25.0       0.120
    -------------------------------------------------------------------------
    RU-193    4915     200            165.0       166.8      1.8       0.115
    -------------------------------------------------------------------------
    RU-194    5780     330            225.0       227.0      2.0       0.122
                                      258.0       260.5      2.5       0.046
    -------------------------------------------------------------------------
    RU-195    4936     260            145.0       146.0      1.0       0.204
                                      165.5       168.0      2.5       0.100
                                      190.5       192.0      1.5       0.800
                                      202.0       220.5     18.5       0.052
    -------------------------------------------------------------------------
    RU-197    4937     245            132.0       144.0     12.0       0.138
                                      206.0       208.0      2.0       0.215
    -------------------------------------------------------------------------
    RU-199    4937     227            177.0       180.0      3.0       0.068
                                      189.8       190.3      0.5       0.733
    -------------------------------------------------------------------------
    RU-200    5060     395            311.0       315.8      4.8       0.081
    -------------------------------------------------------------------------
    RU-202    5755     370             96.5        98.0      1.5       0.152
                                      117.0       118.0      1.0       0.161
    -------------------------------------------------------------------------
    RU-206    4968     468            149.0       151.0      2.0       0.054
                                      232.2       242.5     10.3       0.228
                       including      233.4       237.1      3.7       0.474
                                      295.5       300.0      4.5       0.120
    -------------------------------------------------------------------------
    RU-207    5065     335            260.8       288.0     27.2       0.062
    -------------------------------------------------------------------------
    RU-209    4968     350            153.0       155.0      2.0       0.059
                                      228.5       231.5      3.0       0.075
    -------------------------------------------------------------------------
    RU-211    4968     351            163.0       164.0      1.0       0.695
                                      188.5       189.5      1.0       0.100
                                      199.0       208.0      9.0       0.064
    -------------------------------------------------------------------------
    RU-213    4968     302            109.3       116.0      6.7       0.038
                                      220.5       221.0      0.5       0.364
    -------------------------------------------------------------------------
    

    %SEDAR: 00017609E




For further information:

For further information: UEX CORPORATION, SUITE 1007 - 808 NELSON
STREET, VANCOUVER, B.C., CANADA, V6Z 2H2, PH: (604) 669-2349, FAX (604)
669-1240, Website: www.uex-corporation.com, email: uex@intergate.ca

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