Mega Uranium Ltd.
TSX VENTURE : MGA

Mega Uranium Ltd.

April 10, 2006 11:26 ET

Mega Uranium Ltd.: Gold Intersected In West Porcupine

TORONTO, ONTARIO--(CCNMatthews - April 10, 2006) -

- Gold intersected in veins peripheral to 1994 discovery

- Two individual 1 meter sections yielded 3.98g and 3.70g of Gold per tonne

- Follow up drill program under review

Mega Uranium Ltd. ("Mega") (TSX VENTURE:MGA) (through its Maple Minerals division) and Canadian Golden Dragon Resources Ltd. ("CGG") have been informed of the results of a five hole drill program on the West Porcupine Gold Property, 34 miles southwest of Timmins. The work was carried out by Maestro Minerals Corp. ("MAP") in the fall of 2005.

Two holes were drilled in section (WD05-54 at -62 degrees and WD05-55 at -50 degrees) from the same setup. These were designed to test the up-plunge extension of a gold discovery made on the property in the fall of 1994, which yielded 0.195 ounces gold over 39 feet, incl. 1.27 oz Gold over 5 ft. ( 43.04 g/1.5m) at a depth of 210 m vertically below surface in hole 94-18. The host was a wide silicified zone with abundant disseminated pyrite. Another hole 95-23, 150 m beneath the discovery hole, intersected 0.6 oz Gold over 6 ft. (20.4 g/1.8m ). Another hole 94-13 400 m west of 94-18 intersected 0.6 oz Gold over 4.1 ft. (21 g/1.3 m).

The geology of the 2 drill holes was carbonated mafic volcanics with large intersections of altered (talc) ultramafics and cross cutting quartz-feldspar porphyries. The drill holes encountered wide zones of anomalous gold values, with shorter intervals of higher values ( see tables below), hosted by carbonated mafic volcanics with disseminated sulphides, with most of the samples having several quartz/carbonate veinlets. Further drilling on this section and another section parallel to this 100 m, to the east and west will be required to confirm the plunge and extent of the zone. Deeper holes beneath the discovery are also necessary.



Gold assays for WD 05-55 and 05-54

Hole From (m) To (m) Interval (m) Au g/tonne Au Check

WD05-55 176.25 177.50 1.25 0.21 0.19

WD05-55 234.00 235.00 1.00 0.02 -
WD05-55 235.00 236.00 1.00 0.06 -
WD05-55 236.00 237.00 1.00 0.04 -
WD05-55 237.00 238.00 1.00 1.61 1.64

WD05-55 243.00 244.00 1.00 0.12 -
WD05-55 244.00 245.00 1.00 0.00 -
WD05-55 245.00 246.00 1.00 1.00 -
WD05-55 246.00 247.00 1.00 0.09 -
WD05-55 247.00 248.00 1.00 0.00 -
WD05-55 248.00 249.00 1.00 0.00 -
WD05-55 249.00 250.00 1.00 0.01 -
WD05-55 250.00 251.00 1.00 0.26 0.32
WD05-55 251.00 252.00 1.00 0.13 -

WD05-55 264.00 265.00 1.00 0.14 -
WD05-55 265.00 266.00 1.00 0.23 0.18
WD05-55 266.00 267.00 1.00 0.15 -

WD05-55 279.00 280.00 1.00 3.98 3.27
WD05-55 280.00 280.74 0.74 0.41 -
WD05-55 280.74 281.61 0.87 0.08 -
WD05-55 281.61 283.00 1.39 0.00 -
WD05-55 283.00 284.00 1.00 0.35 -
WD05-55 284.00 285.00 1.00 3.70 4.20
WD05-55 285.00 286.00 1.00 0.04 -
WD05-55 286.00 287.00 1.00 0.00 -
WD05-55 287.00 288.00 1.00 0.07 -
WD05-55 288.00 289.00 1.00 1.04 -
WD05-55 289.00 290.00 1.00 0.33 -

WD05-55 298.00 299.00 1.00 0.38 -
WD05-55 299.00 300.00 1.00 0.13 -
WD05-55 300.00 301.00 1.00 0.00 -
WD05-55 301.00 302.00 1.00 0.13 -
WD05-55 302.00 303.00 1.00 0.00 -
WD05-55 303.00 304.00 1.00 0.29 -
WD05-55 304.00 305.00 1.00 0.69 0.63
WD05-55 305.00 306.00 1.00 0.12 -
WD05-55 306.00 307.00 1.00 0.14 -

WD05-55 309.00 310.00 1.00 0.28 -
WD05-55 310.00 311.00 1.00 2.99 3.07
WD05-55 311.00 312.00 1.00 0.65 -
WD05-55 312.00 313.00 1.00 0.41 -
WD05-55 313.00 314.00 1.00 0.43 -
WD05-55 314.00 315.00 1.00 0.27 -
WD05-55 315.00 316.00 1.00 0.48 -

WDF05-54 304.00 305.00 1.00 0.11 -
WDF05-54 305.00 306.00 1.00 0.03 -
WDF05-54 306.00 307.00 1.00 0.01 -
WDF05-54 307.00 308.00 1.00 0.10 -
WDF05-54 308.00 309.00 1.00 0.13 -
WDF05-54 309.00 310.00 1.00 0.10 -
WDF05-54 310.00 311.00 1.00 0.36 0.42
WDF05-54 311.00 312.00 1.00 0.20 -

WDF05-54 318.00 319.25 1.25 0.88 0.67

WDF05-54 362.00 363.00 1.00 0.12 -
WDF05-54 363.00 363.50 0.50 0.07 -
WDF05-54 363.50 364.00 0.50 0.30 0.28
WDF05-54 364.00 365.00 1.00 2.96 3.12

WDF05-54 395.85 396.85 1.00 0.14 -
WDF05-54 396.85 397.80 0.95 0.12 -
WDF05-54 397.80 398.80 1.00 0.49 0.32
WDF05-54 398.80 399.80 1.00 0.23 -


The most interesting interval was in WD05-55, 11 meters of 0.9 gm Gold / tonne, which included 1 meter sections of 3.98 gr. Au/ tonne and 3.70 gr. Gold / tonne. The drilling seemed to indicate that the zone of better mineralization may pass above the '05 drill holes.

Three holes (WDF05-01 to WDF05-03) were drilled to test IP targets in a previously undrilled area, in section, at 45 degrees. Unfortunately the targets were determined to be graphitic sediments with sulphides within carbonated mafic volcanics and the assays indicated no gold values of note.

Allan Williams, President of Maestro Ventures Ltd., commented: "The Company will make a decision regarding follow-on work to trace other aspects of the original 1994 discovery once the technical data has been fully reviewed."

Mega Uranium and Dragon currently own 100% of the property, subject to a 2% net smelter return royalty in favour of Newmont Canada Ltd. Maestro may earn a 50% interest in the property by carrying out acceptable assessment work on the property totaling $2.5 million in tranches over a five year period. Upon earning its 50% interest, a joint venture will be formed and Maestro will be the initial operator.

The project set out above is being supervised by Robert S. Middleton, P. Eng., who is a qualified person.

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Argentina, Mongolia, Bolivia and Canada. Further information on Mega can be found on the company's website at www.megauranium.com.

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Mega's results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Mega Uranium disclaims any intent or obligation to update these forward-looking statements and cautions investors from placing undue reliance on forward-looking statements. Mega does have an ongoing obligation to disclose material information as it becomes available.


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