mega to open at 9 dollars a share

Just to give you an idea on what Australia can expect as Overseas Investments flood our shores in the coming months.

Mega Uranium is planning to spend $40mln on its projects for 2007. Much will be centred in Australia.
There is also mention of the Oasis project.

Now considering GGY has 750,000 shares of MGA, it is expected to open around $9.00. Now that equates to a 50% gain in GGY's investment considering the price at the time was $6.00.

GGY will do very well out of the Mega deal in the long term.

http://biz.yahoo.com/ccn/070410/200704100383140001.html?.v=1

Press Release Source: Mega Uranium Ltd.


Mega Outlines 2007 Uranium Program
Tuesday April 10, 8:58 am ET
- Total programme to exceed $40 million in 2007
- Mega to spend $27 million on its uranium projects in Australia, Canada, Argentina, Bolivia, Colombia and Mongolia.
- Joint Venture partner, Cash Minerals Ltd., set to spend an additional $15 million on exploration of jointly-owned properties in the Wernecke Mountains, Yukon.
- A total of approximately 65,000 metres of RC/diamond drilling is planned.


TORONTO, ONTARIO--(CCNMatthews - April 10, 2007) - Mega Uranium Ltd. (TSX:MGA - News; "Mega") announces that it has set a total 2007 budget of $27.1 million for its worldwide uranium projects in Australia, Canada, Argentina, Bolivia, Colombia and Mongolia. In addition, its joint venture partner, Cash Minerals Ltd. (TSX VENTURE:CHX - News), has announced a $15 million exploration budget for properties held by Mega and Cash Minerals Ltd. in the Yukon. The proposed 2007 exploration programmes in Mega's worldwide uranium properties will include approximately 65,000 metres of reverse circulation/diamond drilling.
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The largest component of Mega's 2007 budget, comprising approximately 65% of the total, will be spent in Australia in various programmes, including:

- Prefeasibility studies of Mega's Ben Lomond and Lake Maitland resources.

- A 10,000 metre drilling programme in the Georgetown Project, Queensland, to investigate targets highlighted by the recent airborne magnetics-radiometrics survey, in the vicinity of Mega's Maureen resource and elsewhere in the project area.

- Some 5,000 metres of drill testing on a north-south trending uraniferous shear zone in the Oasis Project, Queensland, in which drill intersections in 2006 included 10 metres @ 0.12% U3O8 and 7 metres @ 0.17% U3O8.

- 4,000 metres of drilling in the Kintyre Rocks Project, Western Australia, to test targets located some 6 kilometres west-southwest of Rio Tinto Ltd's 79 million pounds U3O8 Kintyre resource.

- 7,000 metres of drilling to test various targets in South Australia and Northern Territory.

In Canada, Mega's proposed total expenditure of $4 million will include a 3,000 metre drilling programme on Titan Uranium Inc.'s properties in the Thelon Basin, Nunavut, in which Mega is earning a 51% interest. In addition, joint venture partner Cash Minerals Ltd. has commenced its 2007 exploration programme in Mega's properties in the Wernecke Mountains, Yukon. The planned $15 million programme will include a total of approximately 30,000 metres of drilling in several target areas with potential for uranium mineralisation of the iron oxide-copper-gold-uranium (IOCGU), unconformity-related and structurally-controlled styles.

Mega's $4 million Canadian programme does not include amounts to be spent on the properties held by Monster Copper Corporation, which is currently the subject of a takeover offer from Mega, nor expenditures to be made on properties to be acquired from Santoy Resources Ltd., as announced on April 3, 2007.

In South America, Mega's planned $4.3 million expenditure will include 4,500 metres of drilling in Argentina in the Patagonia Project, Chubut Province, to investigate targets located five kilometres east of the Cerro Solo uranium resource, and also in the Sierra Cuadrada prospect area, located 130 kilometers southeast of Cerro Solo.

In Mongolia, where Mega is earning a 51% interest in properties held by Red Hill Energy Inc., the $0.95 million programme will include a planned 1,250 metres of drilling in the Jargalan property.

Stewart Taylor, Mega's President and Qualified person under NI43-101, is responsible for this release and has verified the contents disclosed.

ABOUT MEGA URANIUM

Mega Uranium Ltd is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Canada, Argentina, Bolivia, Colombia and Mongolia. Further information on Mega can be found on the company's website at www.megauranium.com . Mega Uranium's Australian uranium properties, including without limitation Ben Lomond, Maureen and Lake Maitland, are subject to State policies which presently prohibit the mining of uranium.

Forward-Looking Information

Cheers markco2