Uranium Investing News

Overview

Target Exploration & Mining (TEM: TSX-V) is a uranium focused resource company with projects in the US. Its flagship property, Bootheel, is in the Shirley Basin of Wyoming and hosts a significant historical resource. The Property is ventured with Ur-Energy who bring with them additional management expertise to put the Project into production. This summer, 50,000 feet of drilling will be completed on the Bootheel Property using two drill rigs.

The Company’s management has a strong track record of creating shareholder value through the identification and advancement of uranium and mineral exploration projects.

Chief Properties

Shirley Basin Projects - Uranium Properties, Wyoming, USA

• Venture with Ur-Energy Inc. (TSX:URE) to acquire a 75% interest in the Shirley Basin Bootheel and Buck Point uranium properties
• Both properties within the Shirley Basin have uranium mineralization that has potential to be recovered by in-situ recovery (ISR) methods

Bootheel Property, Shirley Basin

• Host to historical resource of nearly 11 million pounds (non 43-101 compliant)
• Historical resource has identified uranium mineralization in roll front settings up to 600 ft wide and 25 ft thick
• 2008 Summer work plan includes 50,000 foot drill program using two drill rigs to confirm historical drill results

Buck Point Zone, Shirley Basin

• Exploration property with excellent potential to expand known mineralization
• Mineralization found in at least 6 sandstone units over a 250 ft interval with grades up to 0.10% eU308

Sinbad Uranium Property – Utah, USA

• Claims adjacent to the Sinbad uranium mine (closed in 1982)
• Uranium mineralization is hosted in a sandstone formation related to an unconformity, known to host numerous uranium deposits
• Historic drilling shows that the uranium mineralization continues
  along trend on to Target’s claims, where zone remains open for
  expansion
• 15 hole (3,3000 ft) phase 1 drill program confirmed high-grade
  mineralization at shallow depths with grades up to 0.28% eU3O8
  over 4.9 feet (181.5 ft to 186.4 ft) in hole SB-07-14

Just over 12 million shares outstanding

Management

• Mark J. Morabito, B.A., LL.B. — CEO & Director
• C. Stewart Wallis, P.G., P. Geo. — President & Director
• Geir L. Liland, B.A. — CFO & Director
• Peter Kurisoo, P.G. — General Manager, US
• Julie Bolden — VP - Corporate Affairs
• Evelyn Cox, B.Sc. — VP - Corporate Development
• Greg Davis — Director
• Jay Sujir, LL.B. — Director
• David Weisser — Director
• Jennifer Richards — Investor Relations Officer

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