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ckruel

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Re: U

in response to

Re: U

sailortony

posted on Sep 20, 2010 02:46PM

Sep 20, 2010 12:33 ET

Uranium Participation Corporation Reports Net Asset Value at August 31, 2010

TORONTO, ONTARIO--(Marketwire - Sept. 20, 2010) -

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 August 31, 2010 was CDN$696,852,000 or CDN$6.55 per share. As at August 31, 2010, Uranium Corp's investment portfolio consisted as follows:

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

Investments in Uranium:
	Uranium oxide in concentrates ("U3O8")	7,250,000 lbs	$	342,495	$	347,097
	Uranium hexafluoride ("UF6")	2,374,230 KgU	$	389,998	$	328,373

		$	732,493	$	675,470

	U3O8 average cost and market value per pound:
		- In Canadian dollars		$	47.24	$	47.881
		- In United States dollars		$	43.23	$	45.00
	UF6 average cost and market value per KgU:
		- In Canadian dollars		$	164.26	$	138.311
		- In United States dollars		$	152.06	$	130.00

1 Converted at the August 31, 2010 exchange rate of $1.0639.

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.

For more information, please contact

Uranium Participation Corporation
Ron Hochstein
President
(416) 979-1991 Ext. 232
or
Uranium Participation Corporation
James Anderson
Chief Financial Officer
(416) 979-1991 Ext. 372

Click here to see all recent news from this company

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