Ann: Exploration Permits Granted , page-15

http://www.uraniuminvestingnews.com/2456/uranium-energy-corp-uran-ltd-start-exploration-drilling.html

URANIUM ENERGY CORP. & URAN LTD START EXPLORATION DRILLING

Tue, Nov 24, 2009Uranium Company News

Uranium Energy Corp. reports that drilling begins this week at its Grants Ridge uranium project, New Mexico.
Exploration permits have now been granted for both the Armijo and the F33 project areas at Grants Ridge. Uran Limited (’Uran’), based in Perth, Australia, is the Company’s joint-venture partner and the operator of the project.

The partners commence core drilling at Armijo this week with plans to drill 215 holes ranging from 15 to 50 feet in depth on a nominal 400-foot by 400-foot grid to test the uranium mineralization over a large portion of the host Todilto Limestone.