SOURCE: Royal Quantum Group Inc.

May 29, 2007 10:00 ET

Royal Quantum Acquires Additional Uranium Claims in Wyoming

CALGARY, AB--(Marketwire - May 29, 2007) - Royal Quantum Group, Inc. (OTCBB: RYQG) announces it has acquired an additional 100 claims, totaling 2,000 acres of prospective Uranium property in Fremont County, Central Wyoming, approximately 90 miles SW of Casper, Wyoming. These additional claims adjoin the previous 77 claims as announced on May 10, 2007 and bring the total land holdings for Royal Quantum in the Sheep Mountain area to 177 claims, approximately 3,540 acres.

The 177 claim block, known as the Kale claims, is strategically situated between SXR Uranium One Inc.'s Sheep Mountain Mine, with an inferred mineral resource of 15.6 million pounds of U308, and Rio Tinto's Green Mountain property, estimated to contain 57.7 million lbs U308. The company intends to proceed with an aggressive exploration program on the property this season.

Royal Quantum is continuing to evaluate additional property for acquisition.

Royal Quantum is a North American based exploration and development Company, focusing on the acquisition and development of Uranium, Gold and Copper projects which demonstrate high probability for near term production. Royal Quantum is a fully reporting public company trading on the OTCBB market under the symbol RYQG.

Statements released by Royal Quantum Group, Inc. that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

Visit the Royal Quantum Group, Inc. web site at www.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.

Contact Information

  • For additional information please contact:
    Royal Quantum Group, Inc.
    Suite # 145, 251 Midpark Blvd S.E.
    Tel: 403-288-4321
    Fax: 403-201-5792