REPORT FOR QUARTER ENDED 31 MARCH 200730th April 2007HIGHLIGHTS•...

REPORT FOR QUARTER ENDED 31 MARCH 2007
30th April 2007

HIGHLIGHTS
• Significant progress to evaluate the extensive exploration and operating history contained in the Bison Basin Database, with JORC resource definition work at West Alkali Creek nearing completion.
• Ongoing program to licence and complete definition drilling at Sweetwater Project.
• At Pécs Project, analysis of extensive drill hole data, core samples, drill logs, and geological cross sections progressed ahead of schedule with JORC resource
definition nearing completion for whole project area.
• Technical Operations Plan (TOP) approved for Dinnyeberki, final approval for Bàtàszék imminent and submissions for Pécs and Màriakéménd almost completed.
• Commenced an evaluation of historical uranium projects and resources across Central Eastern European, and identified new opportunities in several countries. Initial evaluation and applications process has commenced.
• Application submitted for 350,000 hectare concession covering historic exploration ground in Paraguay. Approval expected in early May.
• Appointed highly experienced executive team members to provide technical capability for evaluation and licencing of all projects.

cheers