RPT Uranium Corp.

RPT Uranium Corp.

July 14, 2008 08:00 ET

RPT Uranium Announces Appointment of Richard L. ("Dick") Findley to Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2008) - Nelson W. Baker, Acting President of RPT Uranium Corp. (TSX VENTURE:RPT), is pleased to announce that Mr. Richard L. ("Dick") Findley has been appointed to the board of directors of the Corporation. Mr. Findley is a self-employed professional geologist engaged in the petroleum and gas exploration business. His professional work experience totals more than 33 years and began in February 1975 with Tenneco Oil Company, Denver, Colorado and continued with Patrick Petroleum, Billings, Montana in January 1978. In 1983 Mr. Findley established his own company, Prospector Oil, Inc., which has been in continuous operation since that time. In addition to running Prospector, Mr. Findley serves as Chairman of the Board of Directors of Ryland Oil Corporation, a position he will continue to hold.

Mr. Findley is best known for his discovery of the Elm Coulee oil field in the Bakken Formation, Williston Basin, Richland County, Montana. Often described as a "sleeping giant", the Elm Coulee field reached production levels in excess of 50,000 barrels of oil per day at its peak and is expected to produce between 300 million and 500 million barrels. In recognition of his work, Mr. Findley was named Outstanding Explorer of the Year by the American Association of Petroleum Geologists in 2006. His story has been featured in the Wall Street Journal and the National Post as well as international papers in Italy and the Netherlands. He has also been the subject of articles in oil and gas trade journals including American Oil and Gas Reporter, Petroleum Intelligence Weekly, the AAPG Explorer and Energy Tribune.

Mr. Findley attended Texas A&M University, where he obtained a Bachelor of Science Degree in 1973 and a Master of Science Degree in 1975. In December 2006 Texas A&M awarded him the Michel Halbouty Medal for distinguished achievement in geosciences and earth resources exploration development and conservation.

Mr. Findley has been a member of the American Association of Petroleum Geologists since 1974. He is also a member of the Montana Geological Society where he served as Secretary, Treasurer, First and Second Vice President and as President of the Society in 2000 - 2001. He is also a member of the Rocky Mountain Association of Geologists and a certified Wyoming Professional Geologist. Mr. Findley resides in Billings, Montana.

The Corporation also announces that Michael Magrum, P. Eng., has resigned as a director. "On behalf of the Corporation and its shareholders I wish to thank Mr. Magrum for his long years of service to RPT," said Mr. Baker.

The Corporation further announces that Liz Caridi has tendered her resignation as Corporate Secretary. Leah Martin has been appointed as Corporate Secretary to fill the vacancy created by her resignation.

Nelson W. Baker, Acting President and Director

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Corporation expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information