ann... quarterly operational review, page-2

QUARTERLY REVIEW OF OPERATIONS
FOR THE PERIOD ENDED 30 JUNE 2008

The Board of Contact Uranium Limited (“Contact” or the “Company”) is pleased to provide its quarterly review of
operations for the quarter ending 30 June 2008.

HIGHLIGHTS


Phase 1 drilling program of 190 drill holes for 10,745m completed at Corachapi.


A second discrete eastern deposit identified at Corachapi.

Drilling data with SRK and resource update expected shortly.


Significant resource expansion through drilling in Kamushanovskoe, Kyrgyzstan with further expansion potential.


Joint venture agreement at Kamushanovskoe.


Board and management changes – Restructuring of operations commenced.