Mega Uranium Ltd.

Mega Uranium Ltd.

May 18, 2006 09:26 ET

Mega Uranium Ltd.: Gold Credit Confirmed at Lang Lake Copper Deposit

TORONTO, ONTARIO--(CCNMatthews - May 18, 2006) - Mega Uranium Ltd. (TSX VENTURE:MGA) -

- Copper assays of between 8.99 and 0.1%

- Gold credit of between 2.06 and 0.05 grams per tonne

- Narrow high grade molybdenum values

Mega Uranium Ltd. ("Mega") (TSX VENTURE:MGA) (through its Maple Minerals division) and East West Resource Corporation (TSX VENTURE:EWR) are pleased to announce that drilling of two test holes to 250 m at -45 degrees and 206 m at -60 degrees has successfully confirmed important gold credit values directly associated with the copper mineralization at Lang Lake, 40 miles west of Pickel Lake, Ontario. Previous drilling in 1968 by Hanna Mining outlined a 23 million ton copper deposit grading 0.35% copper, however gold or molybdenum assaying were not carried out. The purpose of the present drill program was to test a 120 m gap on the west end of the main intersections where the zone narrows to the west and at the same time determine the presence of gold or silver credits that may be directly associated with the copper sulphides (chalcopyrite). Quartz veins in the surrounding sediments and volcanics were reported to contain gold values of 0.13 oz. gold/tonne (mndm reports and files), and molybdenite had been noted in drill core by Hanna Mining (1968). The main thicker intersections of copper occur to the east of the present two hole cross section where copper sulphides were previously intersected over 500 feet (164 m) core lengths.

The work by Hanna Mining resulted in a calculation of a 23 million ton resource grading 0.35% copper that was completed prior to NI43-101 (see News Release September 10, 2004). All of the exploration results disclosed herein are historic in nature and do not presently conform to National Instrument 43-101 Standards of Disclosure for Mineral Projects. They have been reviewed, but not verified, by Robert S. Middleton, PEng, who is the company's designated qualified person and responsible for the verification and quality assurance of its exploration data and analytical results. In the opinion of the qualified person, based on the information available, the mineralization at Lang Lake would be classified as an Inferred Mineral Resource based on the definition by the CIMM, since it will be required to do further in fill drilling to establish grades. Therefore, the historic figures should not be relied on.

Geological Details

The mineralization occurs as stringers and irregular masses of sulphide throughout a mafic volcanic fragmental and massive basalt lavas that are highly magnetic and chloritized. The porphyry that was previously described in the old logs appears to be a crystal tuff with possible zones of a high level porphyry (feldspar). Some fine-grained disseminated pyrite and chalcopyrite occurs in the porphyry phases, however the majority of the copper sulphides are in the volcanics. A narrow rhyolite horizon occurs adjacent to the chloritized basalt leaving the impression that a VMS stringer sulphide system is the actual setting for this deposit. Molybdenite occurs mainly in 0.1 to 0.5 m quartz veins in the "porphyry", however some fracture planes in the volcanics contain spectacular molybdenite occurrences. Silver values are typically 1.5 - 2.5 g/tonne throughout the sulphide sections but become elevated where high copper values occur (ie. 61 g/tonne Ag corresponding with 8.99 % Cu). The copper sulphide mineralization is wide spread between the intervals shown below in the tables.

Hole From To Interval Cu Au Mo
(m) (m) (m) (%) (g/tonne) (ppm)
LL06-01 130.00 148.00 17.00 0.50 0.141 80
Including 136.10 141.00 4.90 0.91 0.237 125

LL06-01 180.00 183.00 3.00 0.55 0.170 864
Including 180.65 182.00 1.35 0.92 0.267 1842

LL06-01 190.00 195.00 5.00 0.52 0.183 291
Including 192.75 195.00 2.25 0.86 0.347 622

Hole From To Interval Cu Au Mo
(m) (m) (m) (%) (g/tonne) (ppm)
LL06-02 51.00 60.00 9.00 0.59 0.369 33
Including 51.00 55.00 4.00 1.08 0.584 26
Including 52.75 53.05 0.30 8.99 2.080 18

LL06-02 174.50 201.00 26.50 0.33 0.114 99
Including 198.00 201.00 3.00 0.81 0.196 336

Several EM conductors within 1,000 m of the deposit will require drill follow-up in an attempt to locate other copper sulphide lenses. Induced polarization anomalies with associated copper soil anomalies will be included in the program.

Basemetal and silver values (Copper, Silver, Molybdenum) were determined by induced coupled plasma (ICP) after an aqua regia acid digestion. Gold values were determined by fire assay extraction on 30 gram samples followed by an atomic absorption (AA) finish. Assays exceeding 10,000 parts per million copper were repeated using multi acid digestion and AA. Check assays were run on high values. Blind standards were inserted approximately every 40 samples. Preparation of the samples outlined in this news release were carried out by ALS Chemex in Thunder Bay and assaying was carried out by ALS Chemex in North Vancouver.

Mega Uranium Ltd (TSX VENTURE:MGA) and East West Resource Corporation each hold a 50% interest in the Lang Lake property.

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Argentina, Mongolia, Bolivia and Canada. Further information on Mega can be found on the company's website at

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Mega's results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Mega Uranium disclaims any intent or obligation to update these forward-looking statements and cautions investors from placing undue reliance on forward-looking statements. Mega does have an ongoing obligation to disclose material information as it becomes available.


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