click to view animation Animated view of the Kianna Deposit Mineralized Intercepts

UEX Corporation is a Canadian uranium exploration company formed under agreement between Cameco Corporation ("Cameco") and Pioneer Metals Corporation. UEX began trading on the Toronto Stock Exchange in July 2002 and is an active explorer in the Athabasca Basin in northern Saskatchewan, which is the most important uranium-producing district in the world, accounting for approximately 30% of global primary uranium production in 2005. UEX has a total of 19 projects either 100%-owned, joint ventured or under option totaling approximately 390,000 hectares (962,000 acres) located in the eastern, western and northern perimeters of the Athabasca Basin.

UEX operates its 100%-owned Hidden Bay Uranium Project, its Riou Lake Uranium Project and the Black Lake Uranium Project, which is a joint venture with AREVA Resources Canada Inc. ("AREVA", formerly COGEMA Resources Inc.), 87.2% UEX - 12.8% AREVA as of December 31, 2006. UEX has an additional 10 projects under option from AREVA, which includes the Shea Creek Uranium Project, and one project under option from the Japan-Canada Uranium Company, Limited, all of which are operated by AREVA.