Uranium Investing News

Overview

Hathor Exploration Limited has uranium property interests that cover a total 464,134 hectares (1,146,900 acres) in the Athabasca Basin region of Saskatchewan and Alberta. This part of Canada has the most prospective geology in the world to explore for highgrade, unconformity-style uranium deposits.

Today, in the eastern Athabasca Basin of Saskatchewan, three mine/mill complexes account for about 28% of the world’s annual mine production of uranium. Here, through its wholly-owned subsidiary Roughrider Uranium Corp., Hathor has interests in eight properties covering a total of 349,840 hectares (864,473 acres) of the same geological terrane that is intimately associated with all currently-producing Canadian uranium mines.

In the western Athabasca Basin, Hathor holds interests in two projects that cover about 114,294 hectares (282,427 acres) located near AREVA Resources Canada Inc.’s (formerly COGEMA) past-producing Cluff Lake mine from which over 62 million pounds of U3O8 were produced during that mine’s 22-year operating life.

The company has also obtained rights to several million acres with uranium potential in the Hornby Bay Basin of the NWT.

In addition the company has maintained its interests in the Eskay Creek precious metal mining camp northwest of Stewart, British Columbia. The Eskay Creek Mining Camp is considered one of the richest and most prospective geologic terrains in North America. Hathor has assembled the largest land position in this area.

Chief Properties

Athabasca Basin (Uranium)

As of December 15th, 2006 there were 2,179 claims and 52 permits held by 101 companies and individuals in the Athabasca Basin area of northern Saskatchewan.

Roughrider Uranium, Hathor’s wholly-owned subsidiary, was one of the first companies active in the area during the latest rise in uranium prices and holds strategically located ground in the eastern Athabasca.

The energy potential of Saskatchewan’s uranium reserves is approximately equivalent to 5.7 billion tonnes of coal or 20 billion barrels of oil - more than all of Canada’s known conventional oil reserves.

Hornby Bay Basin (Uranium)

The Hornby Bay Formation hosts the Eldorado Uranium Mine and the Mountain Lake uranium deposit. Host rocks in the area are mainly Proterozoic sediments of the Hornby Bay Basin.

Land Holdings

Hathor Exploration has acquired several large land positions totaling nearly 19 million acres in the vicinity of Great Bear Lake in the North West Territories. These permits are located to the northeast and northwest of Great Bear Lake and were selected to take advantage of proximity to basal units in the Hornby Bay rocks which include some coarse clastic members. These units may be favourable for the localization of higher grade, chemical front type uranium deposits similar to those found at the base of the Athabasca Basin in Saskatchewan.

The initial acquisition included permits covering approximately 18,000,000 acres. A joint venture agreement was struck on these lands, terms of which were 2.5 million shares of the company for an undivided 50% interest in the uranium rights to these prospecting permits. The remaining undivided 50% interest is held under option by a third party, who may acquire its interest by incurring $2.5 million in exploration expenditures by December 2007.

In addition the Company has also been awarded a 100% interest in the uranium rights to sixteen prospecting permits covering approximately 600,000 acres in the same area of the Northwest Territories. Fifteen of these permits are contiguous. These permits, acquired as part of the Jaeger Joint Venture, flank the east side of the 50% interest permits Hathor had previously acquired. Jaeger, under terms of this agreement, has a 30 day right to pay Hathor for the cost of the permitting and will thereby earn the rights to minerals and metals other than uranium. These lands are also adjacent to permits recently acquired by Cameco, Canada’s largest uranium mining company, and to lands held under joint venture by Triex Minerals covering the Mountain Lake deposit. Several copper-uranium showings were located in this area during the period 1978 to 1981 but little follow up work was done.

A single permit of approximately 15,000 hectares in size was also acquired covering part of a graben-like structure that has preserved an outlier of similar Proterozoic (Hornby Bay) sediments on the south side of Great Bear Lake. The location is approximately 50 kms west of old Terra Mine site. This land holding is also adjacent to recent permits acquired by Cameco. Several uranium showings have been reported within the permit area. The Company is conducting a review of historical data which will determine the significance of these showings.

The timely acquisition of these substantial land holdings in a recently recognized uranium bearing terrain place Hathor in an excellent position for new discoveries and joint venture possibilities.

Management

The company is driven by an experienced management team and advisory board encompassing unparalleled expertise in the fields of geology, logistics and finance. Hathor offers its shareholders great potential to capitalize on a foundation built on strategic land positioning

Stephen Stanley - President, CEO & Director
Mr. Stanley has been involved in the junior resource sector for more than 12 years and has held numerous positions with both Private and Publicly listed Companies. He is also founder and President of Sotet Capital, a privately held resource investment and capital consultant Company. Over the past 2-years the Company has been aggressively involved in acquiring, developing and financing uranium opportunities with a primary focus on the Athabasca Basin. Mr. Stanley is also a director of KIT Resources Ltd, a publicly traded company listed on the TSX Venture Exchange.

Matthew J. Mason - Director
Matthew J. Mason is an independent self-employed businessman and investor. In 1982, Mr. Mason attended Malaspina College, Nanaimo, B.C., and completed the corporate governance course entitled “Going Public and Continuous Disclosure”. In 1998, Mr. Mason received a Certificate for completion of the Pubco Going Public and Continuous Disclosure courses, from Simon Fraser University. He has acted as a director and/or officer of several companies listed on The Toronto Stock Exchange and the TSX Venture Exchange. Over the past several years, Mr. Mason has been a senior executive and/or director of many public companies in the buisness of natural resources exploration and development.

Benjamin Ainsworth, P.Eng - Director
Mr. Ainsworth is a senior Geologist and mining consultant who has been involved in the mining industry for over thirty-five years. He graduated in 1963 with an honors degree in Geology from Oxford University in England. He joined Placer Development in 1965 and held positions of Senior Geologist, Chief Geochemist, Exploration Manager - Eastern Canada, Exploration Manager - Chile, and President - Placer Chile, South America. Throughout the 70’s, Mr. Ainsworth was involved in the design, budgeting and implementation of exploration programs that included large and small drill programs, geophysical surveys, geological mapping, geochemical surveys, and a full range of project evaluation studies. He is a registered Professional Engineer in the Province of British Colombia and is a Canadian citizen by naturalization.

John Currie, CA Director, CFO - Intrawest Corp.

Advisory Board

Dale Wallster, B.Sc. Hons. Geologist, President & Founder of Roughrider Uranium
Irvine Annesley, Ph.D., P.Geo. Consulting Research Geologist — Saskatchewan Research Council
Barry Cook, M.Sc., P.Eng. Consulting Geologist — Scott Wilson Roscoe Postle
Zoltan Hajnal, Ph.D. , Seismological Research Adviser - University of Saskatchewan
Alistair McCready, Ph.D., Consulting Research Geologist - Saskatchewan Research Council
Bhaskar Pandit, Ph.D., Seismological Research Adviser - University of Saskatchewan
Brian Reilkoff, B.E., M.Sc., P.Geo., Geophysicist & 3-D Imaging Specialist - University of Saskatchewan
Phil Robertshaw, M.Sc., P.Geo., Consulting Geophysicist
Bill Roscoe, Ph.D., P.Eng. , Consultant - Scott Wilson Roscoe Postle

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