🕐15.04.10 - 06:43 Uhr

WHITE CANYON PURCHASES HISTORIC URANIUM DATABASE TO REDUCE DRILLING REQUIRED FOR RESOURCE DEFINITION



White Canyon Uranium Limited ASX Announcement 15 April 2010 WHITE CANYON PURCHASES HISTORIC URANIUM DATABASE TO REDUCE DRILLING REQUIRED FOR RESOURCE DEFINITION Key points: - White Canyon has purchased the historic records of Utah Power and Light from Integrated Production Resources Company, - UPL conducted exploration in the White Canyon District up to 1982, - Complete records will reduce the drilling required to complete resource work on four of the Companys six projects April 15, 2010 -- Utah based uranium producer, White Canyon Uranium Limited (ASX: WCU, TSXV: WU) ("White Canyon" or "the Company") is pleased to announce that it has negotiated the purchase of the exploration records of Utah Power and Light (UPL) a dominant uranium explorer in the White Canyon district of Utah, USA, from Denver company Integrated Production Resources Company (IPR).

The purchase of the records is a cash (US$25,000) and securities (110,000 ordinary shares) transaction for a combined value of US$50,000.

A complete set of records constitutes a database that will provide sufficient data of a suitable quality and reliability to be the basis of future resource estimations, significantly reducing the requirement to repeat historic drilling.

The transaction is subject to the TSX Venture Exchange approval.
UPL explored throughout Utah and were the main company active in the White Canyon District (WCU projects: Daneros, Lark Royal, Spook, Geitus, Hideout and Blue Jay) in the later stage of the last century withdrawing from the area in about 1982.

The Company had access to the data in map form but without the complete records the contained information could not be used to produce an estimate of known mineralisation to reporting standards.

About White Canyon Uranium: White Canyon is a US focussed uranium producer holding 100% interest in the advanced Thompson, Daneros, Lark Royal, Geitus, Blue Jay and Marcy Look Projects in south‐east Utah, comprising of over 14,000 acres of mining claims and mineral leases.

The projects contain historically defined high grade uranium deposits, however the deposits are not JORC or 43‐101 compliant.

To download a full copy of the announcement please click here http://esp.gewru.com/em/message/email/view.php?id=572493&u=15636 Ends For further information please contact: Peter Batten Managing Director & CEO White Canyon Uranium Limited Tel: +61 8 9381 9192 Website: www.whitecanyonuranium.com David Tasker Professional Public Relations Tel: +61 89388 0944/ +61 433 112 936 Em:
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