Trigon Expands White Canyon Uranium Mine Portfolio and Provides Corporate Updates


    KELOWNA, BC, Sept. 19 /CNW/ - Trigon Uranium Corp. ("Trigon" or the
"Company") (TSX-V: TEL) today announced its entrance into a definitive
agreement ("Acquisition Agreement") to acquire 11 Utah mining claims (the
"Green Lizard" claims) in the White Canyon district of South Eastern Utah. The
claims host a former operating uranium mine (the "Green Lizard" mine). This
acquisition continues Trigon's strategy to establish a portfolio of mines in
the Colorado Plateau. Trigon believes significant uranium resources can be
developed by re-entering historical Colorado Plateau mines with the intention
of following previously defined ore zones and exploring land contiguous to
these mines.
    Trigon now controls 170 mining claims and 3 Utah State Leases totalling
approximately 4,500 acres in the White Canyon district. These claims and
leases host seven former operating uranium mines. Uranium deposits in this
district occur in old river channels located in the basal Shinarump sandstones
of the Chinle formation. Of these channels, the Monument Channel hosts some of
the largest uranium deposits in the district, including Uranium One's Radium
King mine. Together with Trigon's Blue Lizard and Giveaway, the Green Lizard
Claims cover a significant proportion of this channel.
    Sidney Himmel, President and Chief Executive Officer of Trigon stated
"Trigon has numerous diversified strategies for growth in the uranium
industry. The strategies include acquiring smaller Colorado Plateau mines in
both Utah and Colorado where ores historically were processed at centralized
mills. From 1949 to 1982 over 11 million pounds of uranium, at an average
grade of 4.8 pounds U3O8 per ton, were mined in the White Canyon district. In
Utah, only the Lisbon Valley district produced more uranium than the White
Canyon district. Our mining engineers are currently developing mining plans
under the leadership of Tom Buchholz, Senior Mining Engineer and manager of
Trigon's Golden, Colorado office. Initial environmental analysis has been
completed for most of Trigon's White Canyon mines. Milling capacity in Utah is
yet to be established, however, we believe that the Blanding Mill of Denison
Mines Inc. and the Shootaring Canyon Mill of Uranium One Inc. will be
available for custom milling of uranium ore. The uranium industry of the
Colorado Plateau is still being defined and we aim to be a uranium player in
this region."
    The selling party to the Acquisition Agreement is Dan Shumway of
Blanding, Utah (the "Seller"). The agreement covers 11 Utah mining claims
adjoining the northern end of Trigon's Blue Lizard mine. Uranium was mined
from the Green Lizard mine during the previous uranium cycle although exact
production numbers are unknown. According to the agreement, Trigon will pay
uranium production royalties commencing at a rate of 6% of net uranium
revenues. Royalty rates increase as the price of uranium increases above
pre-defined levels. Trigon will pay no royalties to the Seller if the price of
uranium is less than US$60.00 per pound. To complete the acquisition Trigon
has agreed to issue 137,500 common shares to the Seller and pay US $45,000 to
the Seller on or before October 15, 2007. The issuance of the shares and
payment of the cash portion of the acquisition are subject to regulatory
approval of the TSX Venture Exchange and the British Columbia Securities
Commission, and the completion of due diligence by Trigon with respect to the
ownership of the claims.

    Henry Mountains:

    Drilling is ongoing on the Henry Mountains property in Southern Utah.
Drilling started on September 13 following a one week delay in the
mobilization to the project areas of equipment. Trigon plans to complete 10
drill holes, totalling 17,000 feet. Each hole will be gamma logged for
equivalent radiometric uranium grade. Trigon's Henry Mountains property is
located immediately west and along trend of some of the largest known uranium
deposits of Utah. The aim of the drill program is to prove uranium
mineralization continues onto Trigon's property. It is anticipated that the
program will be completed by the end of October, 2007 or shortly thereafter.

    Cash Payment and Share Issuance as Finder's Fees in respect of Property

    Trigon announced in June the entering into agreements ("Agreements") with
Ur-Energy Inc. (TSX:URE) ("Ur-Energy") in respect of which Trigon may earn an
interest in the Hauber Project LLC ("Project") which represents property
located in Crook County, Wyoming. (Please see two previously issued press
releases describing the transaction (June 25, 2007 initial and clarification
press release of June 26, 2007.))
    Under the Agreements (described in the press releases of June 25, 2007
and June 26, 2007) Trigon may earn a 50% interest in the Project by funding
US $1.5 Million in exploration over three years. Trigon is required to pay
finder's fees to International Nuclear Inc. of Golden, Colorado
("International Nuclear") in respect of the initial US $350,000 of the funding
of the Project. In that regard, Trigon will issue 22,745 shares to
International Nuclear at a deemed value of Canadian $0.39 per share (total
deemed value of Canadian $8,870.55) and pay cash of US $8,750 to International
Nuclear. The share issuance is subject to approval of the TSX Venture

    Stock Options Awarded to Chief Financial Officer:

    Subject to regulatory approval the Company has awarded 62,500 stock
options to Mr. Louis Blom C.A., Chief Financial Officer of the Company. The
options are exercisable during the period September 18, 2007 (subject to a
four month exchange hold period) to September 17, 2012 inclusive at a price of
$0.39 per share.

    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) and Golden (Colorado). The
company's shares trade on the TSX Venture Exchange under the symbol "TEL".
    Should you wish to receive Company news via email, please email 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 or
contact: Sidney Himmel, President and Chief Executive Officer, Trigon Uranium
Corp., Tel: (250) 317-3624, Email:; Jeanny
So, Broker Relations Specialist, CHF Investor Relations, Tel: (416) 868-1079
x225, Email:

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