TORONTO, ONTARIO--(Marketwire - Oct. 13, 2010) -

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Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at September 30, 2010 was CDN$698,327,000 or CDN$6.57 per share. As at September 30, 2010, Uranium Corp's investment portfolio consisted as follows:

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(in thousands of Canadian dollars,                                          

 except quantity amounts)                  Quantity       Cost  Market Value

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Investments in Uranium:                                                     

 Uranium oxide in concentrates                                              

  ("U3O8")                            7,250,000 lbs  $ 342,495     $ 347,171

 Uranium hexafluoride ("UF6")         2,374,230 KgU  $ 389,998     $ 330,073

                                                                            

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                                                     $ 732,493     $ 677,244

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 U3O8 average cost and market value                                         

  per pound:                                                                

  - In Canadian dollars                                $ 47.24    $ 47.89(1)

  - In United States dollars                           $ 43.23       $ 46.50

 UF6 average cost and market value                                          

  per KgU:                                                                  

  - In Canadian dollars                               $ 164.26   $ 139.02(1)

  - In United States dollars                          $ 152.06      $ 135.00

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(1)Converted at the September 30, 2010 exchange rate of $1.0298.