Artha Resources Corporation

Artha Resources Corporation

July 02, 2008 09:01 ET

Leading ISL Expert, Dennis Stover, Ph.D., Joins Artha

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2008) - Artha Resources Corporation (TSX VENTURE:AHC) is pleased to announce the appointment of Dennis E. Stover, Ph.D. to its Board of Directors. Dr. Stover is not only one of the elite professionals in the ISL industry, he is also a pioneer and leader in the application of new technology to the in-situ leaching of uranium. Dr. Stover began his career with Atlantic Richfield as a Senior Research Engineer at the Production Research Center in Texas where he developed 3-D computer simulators for in-situ leaching, conducted laboratory uranium leachability studies, managed field R&D program for ISL technology, and served on the Clay West (Texas) Startup Team which was the first commercial ISL uranium project in North America.

Dr. Stover was the Chief Engineer for Everest Minerals Corporation throughout the 1980s where he was a critical member of the team which designed, constructed, started and operated the company's in-situ uranium projects at Hobson, Hebbronville and Dinero, Texas. While at Everest he developed production forecast models for Texas and Wyoming ISL well fields and managed the design and engineering of the Highland Uranium Project in Converse County, Wyoming (2 million lb./yr U3O8 ISL production - located 12 miles from Artha's DCB project) on time and within a budget of 15 million dollars. Dr. Stover also served as the Corporate Radiation Safety Officer.

In 1989 Dr. Stover joined Rio Algom Mining Corp (RAMC). As the Director of In Situ Leaching Technology where he prepared the feasibility study and the commercial AFE for the Smith Ranch ISL property in the Powder River Basin of Wyoming. He was responsible for the process flow sheet for the Smith Ranch uranium recovery facilities. Dr. Stover served as the Manager of Wyoming Operations from 1993 through 1997. The construction of the Smith Ranch Project was completed on schedule and 4 million dollars under the planned 45 million dollar budget. As manager, he was responsible for construction and startup of the Smith Ranch ISL uranium facility while ensuring compliance with all state and federal regulations with no lost-time accidents. In 1997 Dr. Stover was promoted to Vice President of Engineering and Project Development where he directed the drilling program that increased the Reynolds Ranch Uranium Resource from 11.8 to 17.9 million pounds, completed initial feasibility studies for two new uranium projects, provided technical direction, expertise and awareness to continuing and developing programs and projects for the United States' largest uranium producer, and oversaw a total revision of RMAC's Mineral Resource and Reserve calculation methods to conform with current SEC and international reporting requirements. Both the Smith Ranch and Highland Projects are now owned by Cameco Resources, a subsidiary of Cameco, Inc.

Dr. Stover is currently the Executive Vice President, Americas for Uranium One (TSX:UUU) and prior to that he was Chief Operating Officer of Energy Metals Corporation. He holds a B.Sc., M.Sc., and Ph.D. degrees in Chemical Engineering from the University of Michigan as well as a B.A. in Chemistry from Kalamazoo College. He has authored or co-authored more than 30 articles relating to uranium and holds six United States Patents concerning various aspects of solution mining and reservoir restoration. Dr. Stover is a member of numerous professional societies.

"We are indeed very fortunate to attract the leading ISL expert to our Board. This reflects well on our ongoing commitment to become a uranium producer in the United States," states Todd McMurray, President and CEO.

Concurrently with Dr. Stover's appointment to the board, Kamal Nagra will be stepping down as a Director and will remain as Artha's Chief Financial Officer.

Artha Resources was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. The team's primary goal is to build Artha into a world class uranium company, focused on the development and mining of economic deposits.

On Behalf of the Board of Directors,

Todd McMurray, President and Chief Executive Officer

Shares Issued 11,331,287

Recent Price $0.30

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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