Significant Drill Results Outline Continuous...

Significant Drill Results Outline Continuous Uranium
Mineralisation at the Energy Prospect

Continuous, flat lying, uranium mineralisation up to 10m wide has been
intersected from surface in recent RC drilling at Territory Uranium’s (TUC)
Energy Prospect in the Daly River Project, Northern Territory.

Significant results include:
¨ 2m @ 506ppm U3O8 from 1m
¨ 3m @ 461ppm U3O8 from 5m
Both in an envelope of 7m @ 394ppm U3O8 from 1m in hole TURC64;
¨ 3m@ 405ppm U3O8 from surface in hole TURC71;
¨ 2m @ 445ppm U3O8 from 5m;
in an envelope of 10m @ 313ppm U3O8 from 1m in TURC70;
¨ 1m @ 383ppm U3O8 from 3m in hole TURC65.

Initial indications of grades are comparable to those of other significant shallow
deposits in the northern Territory such as Napperby Well.

Results have important implications towards the investigation of other as yet
untested radiometric anomalies on TUC's Daly River tenement holdings.