SYNATOM ANNOUNCES STRATEGIC REVIEW OF ITS INVESTMENT IN POWERTECH URANIUM
CORP.

BRUSSELS, Belgium, Sept. 15 /CNW/ - Société Belge de Combustibles Nucléaires Synatom SA ("Synatom") today announced that it has initiated a strategic review of its investment in Powertech Uranium Corp. ("Powertech")(TSX: PWE), which will include undertaking a process for the potential sale of its investment to third party purchasers.  In connection with the strategic review and potential sale process, Synatom has engaged Cormark Securities Inc. as its financial advisor.

Synatom currently holds 10,890,000 common shares of Powertech ("Powertech Shares") or approximately 19.6% of the issued and outstanding Powertech Shares (calculated on a non-diluted basis), as well as a CDN$9 million convertible debenture and a CDN$13.8 million loan of Powertech. 

Powertech is a mineral exploration and development company that, through its Denver-based subsidiary Powertech (USA), Inc., holds the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado and the Dewey Terrace and Aladdin Projects in Wyoming. For more information, see www.powertechuranium.com.

About Société Belge de Combustibles Nucléaires Synatom SA

Synatom is subsidiary of Electrabel (www.electrabel.com), a leading European energy company which has become the largest power company in the Benelux market with a generating capacity of more than 16,300 MW. Electrabel is 100% owned by GDF Suez an international industrial and services group (www.gdfsuez.com). Synatom manages the fuel cycle for the Belgian nuclear power plants, including:

• the fuel cycle front-end management, i.e., the supply with enriched uranium of the seven nuclear power units with an annual production of around 45 TWh; and
• the fuel cycle back-end management, i.e., the management of all activities in connection with spent nuclear fuel.

In addition, Synatom manages the reserves for the costs related to spent fuel and the future dismantling of nuclear power plants. Synatom's 2009 turnover amounted to 252 million Euros. For more information, see www.synatom.com.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the current expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits will be obtained from them.  These forward-looking statements reflect current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.  A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements. These forward-looking statements are made as of the date of this news release and Synatom assumes no obligation to update these forward-looking statements, or to update the reasons why actual results may differ from those projected in the forward-looking statements.

For further information:

Cormark Securities Inc.
Royal Bank Plaza
South Tower, Suite 2800
P.O. Box 63
Toronto, Ontario M5J 2J2