CTS contact uranium limited

QUARTERLY REVIEW OF OPERATIONSFOR THE PERIOD ENDED 30 JUNE...

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    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.
 
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