Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

May 19, 2006 13:29 ET

Uranium Participation Corporation Reports Net Asset Value at April 30, 2006

TORONTO, ONTARIO--(CCNMatthews - May 19, 2006) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES.

Uranium Participation Corporation (TSX:U) ("Uranium Corp.") reports its net asset value per share at April 30, 2006 was CDN$5.94. As at April 30, 2006, Uranium Corp.'s investment portfolio is as follows:



------------------------------------------------------------------------

(in thousands of Canadian dollars, Quantity Average Market
except quantity amounts) Cost Value
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Investments in Uranium:
Uranium oxide in
concentrates ("U3O8") 4,000,000 lbs $ 147,881 $ 185,970
Uranium hexafluoride ("UF6") 100,000 KgU $ 13,611 $ 13,387

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$ 161,492 $ 199,357
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------------------------------------------------------------------------

U3O8 average cost and market
value per pound:
-In Canadian dollars $ 36.97 $ 46.49(1)
-In United States dollars $ 31.03 $ 41.50
UF6 average cost and market
value per KgU:
-In Canadian dollars $ 136.11 $ 133.88(1)
-In United States dollars $ 119.77 $ 119.50
------------------------------------------------------------------------
------------------------------------------------------------------------

(1) Converted at the April 30, 2006 exchange rate of $1.1203.


Uranium Corp. has committed to purchase an additional 200,000 KgU of UF6 at an average price of US$122.55 per KgU, excluding commissions for delivery in June.

About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company created to invest substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com.

Contact Information

  • Uranium Participation Corporation
    E. Peter Farmer
    President
    (416) 979-1991 Ext. 231
    or
    Uranium Participation Corporation
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372