RPT Uranium Corp.
TSX VENTURE : RPT

RPT Uranium Corp.

March 14, 2008 12:23 ET

RPT Uranium Corp. Enters Into Option Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2008) - Nelson W. Baker, a director of RPT Uranium Corp. (TSX VENTURE:RPT) is pleased to report that the Company has entered into an option agreement to earn a 100% interest in an unpatented mining claim totalling approximately 256 hectares in the Rightangle Lake Area in the Thunder Bay mining division, Ontario. In consideration, the vendors will receive total cash payments of $105,000 over a four year period and will be issued 100,000 shares upon approval by the TSX Venture Exchange (the "Exchange"). A 2% NSR has been granted to the vendors and the Company has the right to buy back half of the NSR (1%) for $1 million.

This option agreement is subject to acceptance by the Exchange.

ON BEHALF OF THE BOARD,

Nelson W. Baker, 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 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