Consolidated Uranium Closes the Acquisition of the High-Grade Matoush Uranium Project in Quebec, Canada

Consolidated Uranium Closes the Acquisition of the High-Grade Matoush Uranium Project in Quebec, Canada

Key Points: High-Grade and Substantial Historic Resources – Based on a press release issued by Strateco Resources Inc. (“ Strateco ”) on December 7, 2012, Matoush was considered to have the following historical Mineral Resources: Indicated Mineral Resources of 586,000 t at an average grade of 0.954% containing 12.329 m lbs of U3O8

Inferred Mineral Resources of 1,686,000 t at an average grade of 0.442% containing 16.44 m lbs of U3O8

This historical estimate is considered to be a “historical estimate” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“ NI 43-101 ”) and is not considered by the Company to be current. See below under the heading “Global Historical Mineral Resource Table”.

Advanced Stage Project – An Updated Preliminary Economic Assessment on the Property was published in April of 2010 which contemplated access via a ramp decline, mining using longhole methods followed by cemented rock […]

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