Energy Metals Corporation

Energy Metals Corporation

June 27, 2005 18:40 ET

Energy Metals Acquires Congress Uranium Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 27, 2005) - Energy Metals Corporation (TSX VENTURE:EMC) (the "Company") is pleased to announce that it's wholly owned subsidiary, Energy Metals Corporation (US) , has entered into an Agreement of Purchase and Sale (the "Agreement") with Garfield Resources I LLC to purchase 100% of Garfield's legal and beneficial interest in the Congress Property, in Southern Utah.

The Congress Property is located 35 miles southwest of Hanksville in the Henry Mountains mining district, Garfield County, Utah. The group of properties comprises of 69 unpatented lode mining claims and one Utah State School Section Mineral Lease totaling approximately 2,020 acres. The Property is located by road about 25 miles from the Shootaring Canyon mill at Ticaboo. The Property is adjacent to a state section currently leased by EMC (US). The Company's total holdings at the Congress area are over four square miles.

EMC US can acquire the Congress Property for the following consideration:

1. Total cash payment to Garfield of US$15,000 upon signing of the Agreement.

2. Issuance of 10,500 common shares of the Company at a deemed value of $1.80 per share to Garfield.

3. Payment of US$9,315 paid to the Utah State Office of the Bureau of Land Management for the filing fee of the 69 lode mining claims.

4. Garfield will retain a 5.1% net profit royalty interest.

From information supplied the vendor, intermittent production of uranium or vanadium ores from various parts of the property has occurred from the 1940s through the 1970s. Uranium and vanadium mineralization occurs as disseminated uranium and vanadium and as replacements in carbonized plant remains within the Salt Wash member of the Jurassic Morrison Formation. The ore minerals are carnotite, coffinite and minor uranite. Historically, the individual lenticular ore bodies previously mined have ranged from 1000 to 65,000 tons. These ore bodies have been recognized to exhibit a preferred orientation trending NW along the paleochannels in the Salt Wash.

The Company is also pleased to announce the signing of a formal option agreement with revised terms with Glen Hawk Minerals Ltd who can earn up to 75 per cent in the 6,000-acre San Rafael property located in Emery County, Utah, which was previously announced on March 29, 2005.

Under the revised terms of the agreement, Glen Hawk can earn an initial 51-per-cent interest in the property by fulfilling the following:

1. A cash payment of $15,000 (U.S.) on signing of the formal option agreement (paid);

2. $20,000 (U.S.) upon regulatory approval of the TSX Venture Exchange;

3. Spending $1.1-million (U.S.) on exploration and issuing 1.45 million shares of common stock over a period of five years.

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 projects in Wyoming that are amenable to ISL. This form of uranium mining was pioneered in Wyoming utilizing water wells and oxygen-fortified groundwater to mine the uranium in place. Many consider it to be the safest and most environmental friendly uranium mining method in the world.

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.



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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