promising uranium results from warrior project

1 May 2007
AUSTRALIAN STOCK EXCHANGE AND MEDIA RELEASE
Warrior Results
Toro Energy Limited has just announced promising uranium results from drilling on
their Warrior project in South Australia. These results have direct bearing on the
prospectivity of the Lyons EL3040 tenement held by Range River in which Toro is able
to earn up to 75% interest.
The Warrior system is a number of old river channels that are several tens of metres
below the land surface. The river channels are now buried by young sediments in this
flat landscape. Airborne electromagnetic geophysical surveying has enabled mapping
of the Warrior channels below the landscape and show that they originate from north
of the Company’s EL3040 tenement, and continue south through the tenement.
Anomalous uranium has been known in the Warrior system since the 1970s, and is
believed to have been deposited from uranium-bearing waters that were moving along
the buried river channels. Deposition of uranium occurred when the uraniferous waters
came in contact with carbonaceous material such as low grade coal.
Toro’s results released on 30 April are mainly north of EL3040 and have uranium
values up to 914 ppm U3O8. Two samples from the Company’s tenement confirm the
continuity of uranium mineralisation in the Warrior channel onto Range River’s ground.
Further exploration drilling results are expected in the current Quarter.
Kevin Tuckwell
Executive Chairman