HIGHLIGHTS...?h Updated mineral resource estimate completed for...

HIGHLIGHTS...
?h Updated mineral resource estimate completed for Tumas Zones 1 and 2 of Tubas-
Tumas palaeochannel deposit by Hellman & Schofield Pty Ltd (H&S) and reported in
accordance with the JORC Code
o Previous resource estimate (February 2009 by H&S) 10.0 million tonnes at
0.034% (345 ppm) U3O8 for 3,447 tonnes or 7.6 million pounds of contained
U3O8 at a cut-off grade of 200 ppm U3O8 for Tumas Zone 1 only
o Updated resource estimate is 14.8 million tonnes at 0.036% (366 ppm) U3O8 for
5,414 tonnes or 11.9 million pounds of contained U3O8 at a cut-off grade of
200 ppm U3O8 for Tumas Zones 1 and 2
o Update includes 57% increase in total pounds U3O8 and 6% increase in grade
o 97% of the updated resource is in the Indicated category
?h Tumas Zone 3 drill data evaluated and found to be too sparse for a resource
estimate, however an exploration target range has been estimated at 10 to 30 million
tonnes at a grade of 300 to 400 ppm U3O8 at 200 ppm cut-off
?h Updated Tumas resource estimate increases Tubas-Tumas Palaeochannel highgrade
subset resource estimate to 37.2 million tonnes at 0.042% (424 ppm) U3O8 for
15,783 tonnes or 34.8 million pounds of contained U3O8 at a cut-off grade of 200 ppm
U3O8
?h Deep Yellow assessing move to Concept/Scoping Study to determine preliminary
project economics for uranium sourced from the Tubas-Tumas Palaeochannel
?h Deep Yellow??s combined Mineral Resource estimates summary now in excess of
100 million lbs U3O8 using 100 ppm cut-off for Tubas and Tumas
o 200.2 million tonnes at 0.25% (249 ppm) U3O8 for 49,781 tonnes or
109.8 million pounds of contained U3O8