Mega Uranium Ltd.
TSX : MGA

Mega Uranium Ltd.

November 26, 2007 11:23 ET

Significant Radiometric Anomalies Identified in Mega's Three Concessions in Cameroon

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2007) - Mega Uranium Ltd. (TSX:MGA) ("Mega") is pleased to provide an update on progress in its Kitongo, Lolodorf and Teubang uranium concessions in Cameroon. The three properties, covering a total of approximately 4500 km2, are held by Mega's wholly owned subsidiary, Nu Energy Corporation Cameroon ("NECC"). A plan showing the location of the concessions can be found on Mega's website www.megauranium.com.

KITONGO

In May/June 2007, a high resolution, 15400 line kilometre, airborne magnetic-radiometric survey was flown at 150 metres line spacing and flying height of 30 metres over a 2890 km2 area covering the entire Kitongo concession and adjacent ground. Interpretation and initial ground follow up of data obtained in this survey have highlighted numerous significant uranium radiometric anomalies in a number of different geological settings as follows.

- Anomalies associated with the Late Proterozoic Kitongo Granite. These anomalies, which include those related to the known Kitongo uranium deposit, are located mainly along the granite/metasediment contact zone. Certain anomalies are more prominent than those associated with the known Kitongo mineralization.

- A separate cluster of significant anomalies, located along a 12 kilometre strike length, which are apparently related to a later phase granite intrusive. These anomalies appear to be the highest priority targets after those associated with the Kitongo deposit.

- Anomalies associated with the Poli and Hoy alkaline ring complexes.

- Anomalies within Middle Proterozoic metasediments, located between, and to the north of, the Poli and Hoy ring complexes.

The more easily accessible anomalies are currently being investigated by geological mapping, sampling and ground radiometric surveys. A more intensive helicopter-supported follow up programme will be conducted on the other targets in 2008.

LOLODORF

In April 2007, a detailed 7350 line kilometre airborne magnetic-radiometric survey was flown over the entire Lolodorf concession at 150 metres line spacing and flying height of 30 metres. Interpretation of the data has identified numerous extensive radiometric anomalies within an ENE-WSW trending zone of Late Proterozoic syenite intrusives. In parts of the concession lateritic cover has masked the radiometric signature. Priority targets will be explored by geological mapping, ground radiometrics and drilling in 2008.

TEUBANG

Mega's subsidiary, Nu Energy Cameroon, has been granted a prospecting licence over the 1000 km2 Teubang concession, which is located in northeast Cameroon adjacent to the Chad border, some 60 kilometers northeast of the town of Garoua. The concession contains uranium mineralization within potassic-rich granite intrusions of Late Proterozoic age. In 1981, the DMGR (Cameroon Ministry of Mines) and Compagnie Francaise de Mokta (CFM) of France investigated the uranium potential of the concession in a brief programme of ground radiometric surveys and limited shallow drilling. Although uranium mineralization was intersected in the drilling, no further work was undertaken.

In October 2007, an area of 1209 km2, covering the Teubang concession and adjacent ground, was investigated by a detailed airborne magnetic-radiometric survey, comprising 8900 line kilometers at a line spacing of 150 metres and flying height of 30 metres. A preliminary review of the data has highlighted numerous extensive radiometric anomalies, which will be investigated by geological mapping, ground radiometrics and drilling in early 2008. A comprehensive interpretation of the data is currently being undertaken.

The airborne surveys referred to above were all flown by the South Africa-based group New Resolution Geophysics ("NRG"). Processing and interpretation of the data were undertaken by Geoscientific and Exploration Services ("GeX") in Pretoria, South Africa.

Mega's activities in Cameroon are under the technical direction of Dr. Brian Hambleton-Jones, a geologist with over 35 years experience in uranium in Africa. Stewart Taylor, Mega's President and Qualified person under NI43-101, is responsible for this release and has verified the contents disclosed.

ABOUT MEGA URANIUM

Mega Uranium Ltd is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Canada, Cameroon, Argentina, Bolivia, Colombia and Mongolia. Further information on Mega can be found on the company's website at www.megauranium.com. Mega Uranium's Australian uranium properties, including without limitation Ben Lomond, Maureen and Lake Maitland, are subject to State policies which presently prohibit the mining of uranium.

Contact Information

  • Investor Relations:
    Mega Uranium Ltd.
    Richard Patricio
    VP Corporate and Legal Affairs
    (416) 643-7630
    Email: info@megauranium.com
    or
    Media Relations:
    Mega Uranium Ltd.
    Wanda Cutler
    Director of Corporate Communications
    (416) 860-1717
    Website: www.megauranium.com