Toronto, Ontario CANADA, August 12, 2008 /FSC/ - Uranium Hunter
Corp. (URHN stock- OTCBB), ("Uranium Hunter" or the "Company") is pleased to
announce that the geophysical interpretation of the aeromagnetic and
radiometric surveys conducted over its Ruhuhu Prospect have delineated
up to 8 outcropping zones of enhanced uranium activity.
The 1,100 line km of airborne radiometric and magnetic data
acquired by airborne contractor NRG over the Ruhuhu Prospect was
interpreted by GAP Geophysics of South Africa with the aim of mapping
uranium anomalies of possible palaeochannel exploration interest. Some
9 subdivided zones of enhanced uranium activity (RAD_1 to RAD_9) have
been interpreted including anomalies whose responses are up to 5 times
greater than background. Anomaly parameters and coordinates are listed
in below:
Reporting on the findings of their interpretation, GAP Geophysics
stated that such anomalous responses characterize Karoo sediments
underlying the area and have similar characteristics to uranium
palaeochannel deposits in the Republic of South Africa Karoo. As such,
they constitute viable exploration targets. The full report prepared
by GAP Geophysics is now available as a publication under the "Investor
Relations" tab on the company website at www.UraniumHunterCorp.com.
Recent uranium discoveries in similar rock formations to those
found at Ruhuhu include the Kayelekera uranium deposit in Malawi, which
is owned by Paladin Resources, and the Mkuju River project owned by
Mantra Resources. The Kayelekera discovery has an inferred resource of
9.4 million tonnes ore at 0.12% U308. In the case of the Mkuju
project, it was recently announced that thick zones of uranium
mineralization were intersected with specific results pending.
Commenting on the findings at Ruhuhu, Ghaith Qamheiah, President of
Uranium Hunter, stated, "We are extremely encouraged by these results
which continue to reaffirm the viability of our Ruhuhu project. With
specific targets now identified, we are confident that further
fieldwork will continue to follow this positive trend."
Senator John McCain, United States Presidential Candidate, has
said, "Our nation's future security and prosperity depends on the next
President making the hard choices that will break our nation's
strategic dependence on foreign sources of energy and will ensure our
economic prosperity by meeting tomorrow's demands for a clean
portfolio." John McCain will put his administration on track to
construct 45 new nuclear power plants by 2030 with the ultimate goal of
eventually constructing 100 new plants. John McCain's energy video can
be found on the Uranium Hunter website for viewing:
www.UraniumHunterCorp.com.
About The Company:
Uranium Hunter (OTCBB: URHN) is a natural resource corporation
devoted to the exploration and development of deposits of Uranium and
Gold in East Africa. The company website can be found at
www.UraniumHunterCorp.com.
Uranium Hunter has entered into a Definitive Agreement with Trimark
Explorations, Ltd ("Trimark"), on behalf of its wholly owned subsidiary
Gambaro Resources, to earn up to a 100% interest in the Uranium-Au
property located in Njombe and Songea Districts, Tanzania. Uranium
Hunter has optioned 170 km 2 property in southern Tanzania covering
sediments of the Karoo sequence which share common features with rocks
of the Colorado Plateau in the western US that have become prolific
producers of Uranium.
Uranium Hunter has entered into another Definitive Agreement with
NPK Resources Ltd. to earn a 75% interest in the Nkoko and Kagadi
uranium properties which contain over 800 km2 located in Kibaale
district, Uganda, called the "Kibaale Project."
The Ugandan government, World Bank, African Development Fund and
the Nordic Development Fund has all co-sponsored a US $42 million
dollar high valued mineral centered aerial survey which began in
January 2007. Results are expected shortly, and will aid in early
exploration work on the properties.
Forward-Looking Statements:
This press release contains forward-looking statements,
particularly as related to, among other things, Uranium Hunter's
business strategy. The words or phrases "would be," "will allow,"
"intends to," "may result," "are expected to," "will continue,"
"anticipates," "expects," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers" or similar expressions
are intended to identify "forward-looking statements." Actual results
could differ materially from those projected in the forward-looking
statements as a result of a number of risks and uncertainties. Such
forward-looking statements are based on current expectations, involve
known and unknown risks, a reliance on third parties for information,
and other factors that may cause Uranium Hunter's actual results,
performance or achievements, or developments in its industry, to differ
materially from the anticipated results, performance or achievements
expressed or implied by such forward-looking statements. Factors that
could cause actual results to differ materially from anticipated
results include risks, uncertainties and other factors that are
detailed in Uranium Hunter's Quarterly and Annual Reports and other
documents Uranium Hunter files from time-to-time with the Securities
and Exchange Commission. Statements made herein are as of the date of
this press release and should not be relied upon as of any subsequent
date. Uranium Hunter cautions readers not to place undue reliance on
such statements. Uranium Hunter does not undertake, and specifically
disclaims any obligation, to update any forward-looking statements to
reflect occurrences, developments, unanticipated events or
circumstances after the date of such statement. Actual results may
differ materially from Uranium Hunter's expectations and estimates.
NR 08-32
Contact:
Uranium Hunter Corporation
Ghaith Qamheiah
President
(416) 915-3199
Investor Relations
Toll free 1-866-566-0936
Source: Uranium Hunter Corp.(OTCBB: URHN stock) http://www.UraniumHunterCorp.com
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