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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 2, 2008) - Hathor Exploration Limited (TSX-V: HAT) is pleased to announce more significant assay results for basement-hosted uranium mineralization in diamond drill holes MWNE-08-33, MWNE-08-34 and MWNE-08-35.

For a complete list of assay results for drill holes MWNE-08-33 through MWNE-08-35, all recently completed during the summer 2008 drill program on Hathor's 90%-owned Midwest NorthEast project, and a drill hole location map, please visit Hathor's website at: www.hathor.ca.

Highlights from U3O8 assayed core-length intervals(i) (using a 0.05 % U3O8 cut-off grade) include:

Drill hole MWNE-08-33:


- 46 metres grading 3.25 % U3O8 consists of:


- 7.0 metres grading 11.99 % U3O8 from 314.5 to 321.5 m core length
- 4.5 metres grading less than 0.01 % U3O8 from 321.5 to 326.0 m core
  length
- 34.5 metres grading 1.89 % U3O8 from 326.0 to 360.5 m core length


Drill hole MWNE-08-34:


- 6.5 metres grading 8.93 % U3O8 from 309.0 to 315.5 m core length
- 3.0 metres grading 1.74 % U3O8 from 318.5 to 321.5 m core length
- 12.0 metres grading 0.69 % U3O8 from 327.5 to 339.5 m core length
- 1.5 metres grading 0.15 % U3O8 from 345.0 to 346.5 m core length
- 1.0 metres grading 0.42 % U3O8 from 348.5 to 349.5 m core length


Drill hole MWNE-08-35:


- 1.5 metres grading 0.08 % U3O8 from 303.5 to 305.0 m core length;
- 1.5 metres grading 2.70 % U3O8 from 312.0 to 313.5 m core length;


The five highest individual core-interval(i) U3O8 assay results are:


Drill           From       To   Interval     U3O8
hole              (m)      (m)        (m)    (wt%)
MWNE-08-33     316.0    316.5        0.5     29.7
MWNE-08-33     316.5    317.0        0.5     23.2
MWNE-08-34     312.5    313.0        0.5     20.9
MWNE-08-34     313.0    313.5        0.5     41.8
MWNE-08-34     313.5    314.0        0.5     34.7

(i) The reader is cautioned that all intersections reported are down-hole, core-length intervals and true thickness of mineralization is yet to be determined.

Vertical depth to the unconformity is approximately 210 to 215 metres. The high-grade uranium mineralization encountered in these drill holes occurs in basement rocks that are a heterogeneous mix of variably clay-altered to clay-replaced pelitic gneiss, graphitic pelitic gneiss, granitic pegmatite and microgranite.

Drill core samples were analyzed for U3O8 at the geoanalytical laboratories of the Saskatchewan Research Council (SRC) in Saskatoon, Saskatchewan. The facilities used for the analysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). The samples were analyzed using ISO/IEC 17025:2005-accredited U3O8 method. Laboratory method quality controls included the insertion of certified reference materials applicable for the ranges of mineralization encountered and duplicate samples. In addition to the laboratory duplicates, reject repeat analyses were performed on every 20th sample and a number of reinserted, blind 1/4 core duplicate samples. All repeat samples had good reproducibility. All samples are being analyzed for a suite of other elements including nickel, cobalt, copper and lead. Further assay results, for the balance of the summer drill program will be released by Hathor as they are received from the SRC.

The Roughrider Zone was discovered in February, 2008. During the winter drill program, Hathor completed 10,654 metres in 29 NQ-sized, vertical and angled diamond drill holes. The summer diamond drill program was comprised of 13 drill holes totalling 5,296 metres. Anomalous radioactivity was encountered in eleven of the summer drill holes. Hathor's management believes that the Roughrider Zone remains open in all dimensions and that, in particular, the potential for classic, unconformity style uranium mineralization occurring at or above the sub-Athabasca unconformity (as suggested by detailed resistivity and gravity geophysical surveys) remains untested.

Terra Ventures owns a 10% carried interest in the Midwest NorthEast property.

With capital resources in excess of $27 million, Hathor continues to aggressively advance its portfolio of Athabasca region uranium exploration projects. This area accounts for approximately 23 per cent of the world's annual mine production of uranium. All of this production comes from unconformity-style uranium ore deposits - the highest-grade uranium ore deposits in the world.

Benjamin Ainsworth, P.Eng., a director of the company and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

Hathor Exploration Limited

Stephen G. Stanley, Director