High Plains Uranium, Inc.

High Plains Uranium, Inc.

March 27, 2006 09:38 ET

High Plains Uranium Hires New CEO

CHEYENNE, WYOMING--(CCNMatthews - March 27, 2006) -


High Plains Uranium, Inc. (TSX:HPU) (the "Company") is pleased to announce that Thomas H Parker has been named its new Chief Executive Officer. Mr. Parker is expected to assume his duties by mid-April.

A mining engineering graduate from the South Dakota School of Mines, with a Master's Degree in mineral engineering management from Penn State, Mr Parker has worked extensively in senior management positions in the mining industry for the past forty years.

Most recently, he was the Executive Vice President of Anderson and Schwab, a prestigious New York based consulting firm where his clients included UBS Warburg and Norilsk Nickel. Prior to joining Anderson and Schwab, he was Chief Executive Officer of Costain Coal, where he managed a $425 million company with 22 operating coal mines and over 2,000 employees.

Earlier in his career, Mr. Parker managed coal mining operations for Arco Coal, Anaconda Minerals and Kerr McGee, among others. From 1978 to 1981, he was director and project manager for Conoco's uranium joint venture ("JV") with Cogema and the French Government in Niger. He established Conoco' Paris office, and during this period the JV undertook a feasibility study on a $1 billion project designed to produce 3,000 tons per annum of yellowcake from a remote location in the Sahara desert.

"We are absolutely delighted to have someone with Tom's depth of experience and proven leadership skills to lead us forward", said Bobby Cooper, the Chairman of High Plains. "I have known Tom personally for many years, and have complete confidence in his abilities."

The Company also announces that it has granted to employees and consultants of the Company, subject to regulatory approval, an aggregate of 1,100,000 stock options for 5 years at an exercise price of USD$0.60.

High Plains Uranium is a Wyoming based uranium exploration and development company focused on the development of uranium deposits in Wyoming and Texas, which are amenable to In Situ Leach mining methods.

The TSX has not reviewed and does not accept responsibility for this news release.

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