bison basin, page-2

Wildhorse reports results from Bison Basin project
13:38, Tuesday, October 30, 2007

Sydney - Tuesday - October 30: (RWE Aust Business News) -
Wildhorse Energy Ltd (ASX:WHE) has reported "very good" results from a
recent drilling campaign at its West Alkali Creek target in the Bison
Basin project, Wyoming, USA.
Results from the 19 core holes ranged from 0.128pc eU3O81 to
0.843pc eU3O81 confirming historical data and providing further
confidence for the proposed 2008 feasibility study.
The core holes were completed in five fences, offsetting holes
drilled three decades ago by former operators of Bison Basin mine.
The holes encountered significant mineral intercepts at depths of
100 to 122 metres.
The program was designed to verify the mineral grades calculated
from a network of more than 400 old drill holes.
Significant results included:
* 6 metres at 0.486pc eU3O81;
* 3 metres at 0.615pc eU3O81;
* 8.5 metres at 0.213pc eU3O81; and
* 7 metres at 0.173pc eU3O81.
Average assay (chemical) values from cored intervals ranged from
0.006pc U3O8 to 0.61pc U3O8.
The company also announced that additional studies at Bison Basin
were well underway, including more drilling commencing in December and
throughout 2008, and it is on track for its target to begin mining in
2010.