RPT Uranium Corp.
TSX VENTURE : RPT

RPT Uranium Corp.

July 09, 2007 17:13 ET

RPT Uranium Corp. Cuts 6.35 Metres of 0.222% U3O8 at Split Rapids

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2007) - Dr. Hikmet Akin, president of RPT Uranium Corp. (TSX VENTURE:RPT), is pleased to announce the results of diamond drill hole BSE 07-31, which intersected 6.35 metres averaging 0.222% U3O8 Including a lower grade section at the top of the zone giving an average of 0.158% U3O8 over 9.65 metres. In a separate zone, hole BSE07-36 cut 1.59% U3O8 over 0.50 metres. The holes were part of a systematic drilling program to test a 900 metre long Archean iron formation at Split Rapids, in the Black Sturgeon area of the Sibley basin near Thunder Bay, Ontario. In the meantime all results have been received.

Drill hole BSE07-31 was the deepest of a fan of three holes drilled in a south-westerly direction, approximately at right angles to the strike of the mineralized veins and fractures that cut a band of Archean iron formation and the greywacke-type metasediments on either side of it. The following table gives a summary of the average grades of the entire mineralized zone in drill hole BSE07-31 and the higher grade sections within it.



--------------------------------------------------------------
ASSAY SUMMARY BSE07-31
--------------------------------------------------------------
From (metres) To (metres) Core Length U3O8 percent
--------------------------------------------------------------
57.00 66.65 9.65 0.158
--------------------------------------------------------------
includes
--------------------------------------------------------------
60.30 66.65 6.35 0.222
--------------------------------------------------------------
includes
--------------------------------------------------------------
60.30 60.90 0.60 1.170
--------------------------------------------------------------
and
--------------------------------------------------------------
64.05 64.65 0.60 0.403
--------------------------------------------------------------
and
--------------------------------------------------------------
65.90 66.65 0.75 0.433
--------------------------------------------------------------


Hole BSE 07-31 was drilled 225 metres southwest of BSE07-02 and BSE07-03, which cut 4.68% U3O8 across a core length of 0.72 metres and 0.362% U3O8 across 0.30 metres, originally reported in a news release on April 2nd, 2007. The mineralized intersection in BSE07-31 appears to be a zone that has no surface expression; it lies 25 metres northeast of a uranium-bearing vein exposed by stripping in 2005, referred to as Zone C. Zone C itself was tested by six drill holes in 2005, with the most significant results being 0.213% U3O8 over 0.30 metres, and 0.293% U3O8 over 0.30 metres in holes BS05-22 and -24 respectively.

Hole BSE 07-36 cut 0.50 metres of 1.59% U3O8 between 3.10 and 3.60 metres. This intersection correlates with Zone F, a mineralized fracture that was exposed by stripping but which has not been previously drill-tested and is 125 metres southwest of Zone C.

The winter-spring drilling campaign at Split Rapids comprised 41 holes totalling 7,856 metres. Drilling is currently under way on the company's Wolfpup Lake claim block, 40 kilometres to the south, where an inferred fault zone coincides with a lake-sediment geochemical anomaly in uranium. After the Wolfpup Lake drilling is finished, further drilling is planned at Split Rapids, based on the evaluation of the results received from the winter spring drilling campaign.

Assays reported in this news released were performed by Loring Laboratories Ltd. of Calgary using fluorimetric analytical methods. Technical information in this news release has been prepared by Colin Bowdidge, Ph.D., P.Geo., vice-president of exploration and a Qualified Person as defined in NI43-101.

ON BEHALF OF THE BOARD,

Hikmet Akin, President

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 Company 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