RPT Uranium Corp.

RPT Uranium Corp.

April 28, 2009 05:00 ET

RPT Uranium Corporation: Dorion Block Airborne Survey Completed; Field Evaluation of Distinct Magnetic Anomalies Planned After Break-Up

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2009) - RPT Uranium Corporation (TSX VENTURE:RPT) ("RPT") is pleased to provide an update on the Dorion Block exploration program located 60 kilometres northeast of Thunder Bay, Ontario. In March 2009, Fugro Airborne Surveys Limited was contracted by RPT to perform a detailed triaxial gradient magnetometer survey over the Dorion Block which is immediately east of the newly discovered Magma Metals Limited Thunder Bay North (TBN) project. The Thunder Bay North project recently won the 2008 Discovery of the Year Award presented at this year's North Western Prospectors Association conference held in Thunder Bay.

Magma Metals Limited is presently detail drilling the Current Lake Intrusive Complex, a 5 km long mafic-ultramafic magma conduit. This complex hosts high-grade sulphide mineralization carrying impressive intervals of Pd, Pt, Cu and Ni over broad intervals.

A total of 4388 line kilometres at 100m flight line spacings were flown in a north-south direction, over the Dorion Block, with selective detailing conducted in an east-west direction at the same spacings. Initial data has been received and is currently being modelled and incorporated into a geological dataset.

Prior to conducting this survey, the only data available from the historical work was limited to regional government sponsored airborne surveys that did not provide enough resolution to adequately determine what features were present on the property. Despite its proximity to excellent infrastructure, this property has only witnessed sporadic exploration in the last 75 years with no assessment of the Ni-Cu-PGE potential.

The results of the survey indicate that the magnetic signatures that correlate with the Magma Metals Thunder Bay North (TBN) intrusive complex trend onto the southern half of the Dorion Block and do not have geometries that can be adequately explained by the surrounding country rocks. The unexplained magnetic signatures on the Dorion Block are approximately 6 km long.

Because of these atypical signatures, an initial ground based assessment of these magnetic features on the Dorion Block will be conducted by RPT staff in early May 2009. This first pass will include a rock sampling and mapping program.

Nelson W. Baker comments, "This is the first time that this property will be assessed for its nickel, copper and platinum group element (PGE) potential. Given the remarkable success that Magma Metals Ltd. had originally with prospecting leading to their new discovery only 4 kilometres along strike to the west, we are anxious to deploy our team to explore for mineralized ultramafic rocks."

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.

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