News: Energy Ventures: Aurora Resource Estimate M, page-6

re: News: Energy Ventures: Aurora Resource Es... Target SP 40-60 cents. Uranium price has been depressed for few years up until mid last year when spot price started to rise from a low of $40 U.S lb to $68 lb Fridays close.

Warrick Gregor (BGF equities)

Stated at canary event mid last year.

1, As more country's look to build nuclear reactors to power city's demand will out strip supply by 2015 in addition to this the U.S is looking to build between 6- 8 nuclear reactors
in coming years.

2, Uranium will be a big play in U.S and Canada as Russian uranium supply tends to go to Europe this tends to be more of a political move then anything else. Never the less U.S and other western country's will want to ensure they have a secure supply of uranium.

3,So where can we expect the of uranium to be? I my view this will put an upward pressure on the price which go beyond $100 U.S lb only time will tell.