Energy Metals Corporation

Energy Metals Corporation

October 20, 2005 14:49 ET

Energy Metals Corporation Acquires Extensive Uranium Mining Data Base

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 20, 2005) - Energy Metals Corporation (TSX VENTURE:EMC) is pleased to announce that it has acquired all the uranium exploration and development files of United Nuclear Corporation ("UNC"), one of the United States largest privately owned uranium databases, including data relating to such mines as Ambrosia Lake, St. Anthony and Church Rock. This voluminous database contains the complete records of the Teton Exploration Drilling Company of Wyoming. Teton conducted mineral exploration in the USA and abroad. Teton, primarily explored and drilled uranium deposits in the Powder River Basin and Red Desert regions of Wyoming as well as the Ambrosia Lake areas of New Mexico.

EMC now owns extensive collections of data for Wyoming and New Mexico, with smaller but important amounts of data for Colorado, Utah, California, South Dakota, Montana, Idaho, and other states as well as a number of international localities. The entire collection acquired contains more than 40 map racks and flat files, over 50 filing cabinets and hundreds of file boxes. The database contains records from the 1950s - 1980s. There are tens of thousands of individual drill logs plus thousands of maps and hundreds of geochemical, geophysical and geological reports.

Of particular importance to EMC is the inclusion of geologic data and hundreds of drill logs for the Company's Antelope Project in Wyoming (news release dated October 25, 2004), as well as drill logs for 6 other properties currently held by EMC in the Great Divide Basin. Historical data for several of the Company's other projects in the Shirley Basin and Powder River Basin have also been obtained.

With this purchase and the previous acquisition of the uranium databases of Union Carbide Corporation, Hecla Mining and Ranchers Exploration and Development Corp., EMC now controls one of the largest U.S. uranium databases. Use of these databases has provided EMC with a key competitive edge to successfully acquire a large number of advanced stage uranium deposits, many of which have historic resources reported. As well, the databases have been essential in completing several joint ventures and data-purchase agreements with other companies, resulting in concurrent multi-property development, with significant cash and share payments accruing to EMC.

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.


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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