The National Instrument 43-101 ("N.I. 43-101") "Technical Report on the Shea Creek Property, Saskatchewan, Canada Including Mineral Resource Estimates for the Kianna, Anne and Colette Deposits
," prepared by Kevin Palmer with an effective date of May 26, 2010 and filed on July 9, 2010, supports mineral resource estimates for the Kianna, Anne and Colette deposits at the Shea Creek property and provides an overview of other material technical information for Shea Creek. The mineral resource estimate, commissioned by UEX, was completed by Golder Associates and confirmed Shea Creek as the largest undeveloped uranium resource in the Athabasca Basin. The report includes details of the geological settings, uranium mineralization, mineral resource estimates, drilling practices and exploration potential.
Sections of this report are modified from the N.I. 43-101 "Technical Report on the Shea Creek Property, Northern Saskatchewan
," prepared by David A. Rhys, Leo Horn and R. Sierd Eriks with an effective date of April 3, 2009 and filed on April 3, 2009, which provides a detailed overview of the property location, regional geological settings and uranium mineralization styles.