Uranium Participation Corporation Announces Appointment of George Assie as a Director

TORONTO, ONTARIO--(Marketwire - Oct. 10, 2012) -

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Uranium Participation Corporation ("UPC") (TSX:U) reports that the Board of Directors has approved the appointment of Mr. George Assie to the Board. Mr. Assie will replace Mr. Kelvin Williams who passed away earlier this year.

Mr. Assie served as Senior Vice-President Marketing and Business Development for Cameco Corporation, from January 1, 2003 until retirement on December 31, 2010. Currently, he serves on the boards of two of Cameco Corporation's subsidiaries, as well as Global Laser Enrichment (a company owned by GE, Hitachi and Cameco). He is a past chair of the World Nuclear Fuel Market and a past member of the Board of Directors of the World Nuclear Association.

"George's extensive experience and knowledge of the uranium market will be a great asset to Uranium Participation going forward," commented UPC's Chairman, Dick McCoy. "We are delighted to have him join us on the Board."

About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U₃O₈) and uranium hexafluoride (UF₆) (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com.