RPT Uranium Corp.

RPT Uranium Corp.

September 26, 2007 07:30 ET

RPT Uranium Corp. to Drill at Richards Lake, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 26, 2007) - Dr. Hikmet Akin, president of RPT Uranium Corp. (TSX VENTURE:RPT) is pleased to announce that the company has signed a contract to drill a minimum of 2,250 metres on its Richards Lake uranium property near the northern edge of the Athabasca basin in Saskatchewan. The drill is expected to mobilize to the property in the first week of October.

The targets of the Richards Lake drilling program are electromagnetic anomalies that were located by a Megatem® airborne survey and refined by a VTEM® survey. The conductor systems are associated with anomalous geochemical concentrations of uranium, cobalt, nickel, arsenic, lead and boron, defined program of rock sampling (outcrop and boulders) carried out in 2006. Additionally, IR/visible spectroscopy showed a broad halo of illite and kaolinite in the clay mineralogy, centred on the conductors.

The Richards Lake targets are closely associated with an east-northeast trending topographic feature believed to reflect a strike-parallel fault structure. Airborne magnetic data indicate the presence of east-west to west-northwest trending cross-faults. On trend to the east-northeast, where basement rocks are exposed north of Lake Athabasca, historical drilling data from base metal exploration programs in the 1960s reveal the presence of graphitic units in the basement.

"The combination of projected graphitic metapelites in the basement, an inferred regional-scale fault, interpreted cross-faults and coincident geochemical and mineralogical anomalies in the overlying Athabasca Group sandstones, make these conductors highly prospective targets for unconformity- and sub-unconformity style uranium mineralization," stated Dr. Akin.

Elsewhere in the Athabasca basin, the company has completed a Megatem® airborne EM survey over the Miller Creek property, which straddles an arm of the Black Lake Fault/Virgin River Shear, a major structure that bisects the basin from northeast to southwest. Anomalous responses from the EM data are currently being evaluated by Condor Consulting Inc. of Lakewood, Colorado. A field crew is collecting boulder and outcrop samples of Athabasca sandstone for geochemical and mineralogical analysis.

RPT Uranium has the option to earn a 70 percent interest in the Miller Creek property from Duran Ventures Ltd. by making cash and share payments and completing work commitments totalling $3 million.

Technical information in this news release has been prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in NI43-101, and vice-president of exploration for the company.


Hikmet Akin, President

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management 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, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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