Vancouver, B.C., June 12, 2008: Stephen G. Stanley, the President of Hathor Exploration Limited (HAT: TSX-V, "Hathor" or the "Company"), announces that the Company has closed an underwritten bought deal private placement, previously announced on May 23, 2008. The offering consisted of 5,000,000 common shares at a price of $3.00 per share. Gross proceeds were $15,000,000, which includes the proceeds of an Underwriters' option for one million shares which was exercised in full.

The offering was made through a syndicate of underwriters led by Cormark Securities Inc., and including Desjardins Securities Inc., Dundee Securities Corp., Salman Partners Inc. and PI Financial Corp. The underwriters received a cash commission of 6% of the gross proceeds, and brokers' warrants entitling the underwriters to purchase up to 300,000 shares of the Company at a price of $3.00 per share for a period of two years.

In accordance with securities legislation currently in effect, the securities issued will be subject to a "hold period" of four months plus one day from the date of closing, expiring October 12, 2008.

The net proceeds will be used for exploration and development of Hathor's uranium projects in Saskatchewan, including an aggressive drilling program on the Company's Midwest Northeast Project, and for general working capital.

For more information on Hathor and its projects please visit our web site at http://www.hathor.ca, contact Stephen Stanley at 604-684-6707 or Tony Nunziata at 403-560-7040.