Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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Message: Morning Report: Will the Uranium Sector Regain Its Glow?...

Morning Report: Will the Uranium Sector Regain Its Glow?...

posted on Dec 18, 2008 01:31AM

From this morning's INK Research, provider of Canadian Insider...

December 18, 2008

With energy prices generally still sliding to new lows, very little investor focus has been paid to the uranium group as of late.
So it was a bit of a surprise to see Hathor Exploration (HAT) pop up on our short-term screens last night. In October, some
directors where buying and earlier this week, an officer acquired a significant amount of shares through options.
Hathor is exploring for high grade uranium in the Athabasca Basin of Saskatchewan where it has interests in a number of
projects. In November, the company closed an $8 million private placement.

Between October 7th and 23rd, three directors of Hathor Exploration (HAT) bought a combined total of 70,000 shares in the
public market at prices ranging from $1.32 to $2.00.
This week on December 16th, officer and director Matthew Mason exercised 643,500 options at a strike price of 50 cents. As
of yesterday, he had not sold those shares into the public market. However, the TSX Venture Exchange was closed for most
of the trading day on Wednesday. It would be a bullish signal if he hangs on to all or most of his shares in the coming days.

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