Energy Metals Corporation

Energy Metals Corporation

November 08, 2005 15:47 ET

Energy Metals Acquires Additional Claims in South Dakota

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2005) - Energy Metals Corporation (TSX VENTURE:EMC) is pleased to announce the acquisition of approximately 4,750 acres of prospective uranium holdings in South Dakota. The acquisition includes a cash purchase of 32 unpatented mining claims in Fall River County, south western South Dakota from a single vendor. The 32 claims form one claim block covering approximately 640 acres.

The Company has staked another block of 87 unpatented lode claims in adjacent Custer County. These two claim blocks are located approximately 2 miles apart. Both are considered to be a part of the Dewey Burdock area and are reported to have been extensively drill tested in the past. The claims were most recently held by International Uranium Corporation (IUC-T), successor in title to Energy Fuels Corporation through the 2000 assessment year. This acquisition brings EMC's total mineral rights to over 2400 acres within the district.

In addition, the Company has acquired, by live bid, four tracts of state lease property in southwestern South Dakota, comprised of 640 acres in Fall River County and 1,652 acres in Custer County. Three of these tracts are located approximately 6 miles to the northeast of the Company's Dewey Burdock claims. The other tract is located immediately adjacent to and covers part of the October Jynx deposit, some 6 miles to the southeast of the Dewey Burdock area. The October Jynx area was extensively explored by Union Carbide during the 1970s. A complete data search and review is underway on all of the South Dakota properties.

Energy Metals Corporation is a Canadian listed company involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. This increasing consumption is occurring at a time when uranium mine supplies are dwindling and inventories are being depleted.

The Company is targeting advanced uranium prospective properties in Wyoming that are amenable to ISL (in-situ-leaching). This form of uranium mining was pioneered in Wyoming. It utilizes water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals Corporation is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon and Arizona.

Qualified Person

Andrew Gourlay, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this release.


Paul Matysek, M.Sc., P.Geo., President, CEO and Director

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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