Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

August 13, 2007 08:30 ET

Uranium Participation Corporation Reports Net Asset Value at July 31, 2007

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2007) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at July 31, 2007 was CDN$846,470,000 or CDN$14.14 per share. On a fully diluted basis, after assuming the full exercise of all outstanding warrants, net asset value per share was CDN$14.04. As at July 31, 2007, Uranium Corp's investment portfolio consisted as follows:



--------------------------------------------------------------------------
(in thousands of Canadian Quantity Average Cost Market Value
dollars, except quantity
amounts)
--------------------------------------------------------------------------

Investments in Uranium:
Uranium oxide in
concentrates ("U3O8") 4,475,000 lbs $ 197,093 $ 572,281
Uranium hexafluoride
("UF6") 1,200,000 KgU $ 217,963 $ 402,835

--------------------------------------------------------------------------
$ 415,056 $ 975,116
--------------------------------------------------------------------------
--------------------------------------------------------------------------

U3O8 average cost and
market value per pound:
- In Canadian dollars $ 44.04 $ 127.88(1)
- In United States
dollars $ 37.91 $ 120.00
UF6 average cost and market
value per KgU:
- In Canadian dollars $ 181.64 $ 335.70(1)
- In United States dollars $ 161.81 $ 315.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------

(1) Converted at the July 31, 2007 exchange
rate of $1.0657.


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.

Contact Information

  • Uranium Participation Corporation
    E. Peter Farmer
    President
    (416) 979-1991 Ext. 231
    or
    Uranium Participation Corporation
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372
    Website: www.uraniumparticipation.com