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From: Goose94	7/9/2014 12:02:07 PM
	Read Replies (2) of 202616

Northern Uranium (UNO-V) www.northernuranium.com Grab samples up to 9.5% U3O8 Boulders have contained in excess of 65% U3O8 Approximately $8 million worth of exploration conducted on the project 39 high priority drill targets Located along the extension of the Mudjatik Wollaston tectonic zone which hosts most of the major uranium deposits within the Athabasca Basin INVESTMENT TERMS Northern Uranium Corp. announced a private placement consisting of up to 5,000,000 common share units at a price of $0.10 per Unit and 15,000,000 flow through shares at a price of $0.15 per FT share. Each non-flow through Unit will consist of one common share and one half warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.15 per share for a period of 18 months following the closing date. Northern Uranium is focused on discovering a world class uranium deposit at its Northwest Manitoba project. The Company’s experienced management expects high grade uranium mineralization to be found within the licenses. The project is favourably located along the extension of the Mudjatik Wollaston tectonic zone which hosts most of the major uranium deposits within the Athabasca Basin, which are the highest grade uranium deposits in the world. Grab samples of in situ mineralization have run up to 9.5% U3O8 while boulders have contained in excess of 65% U3O8. Prior to Northern Uranium's involvement, approximately $8 million worth of exploration was conducted on the project - but no drilling has taken place until now. Past work included airborne magnetic, electromagnetic and radiometric surveys, detailed prospecting and ground gravity surveys. Having now obtained a complete radon flux map for the whole of the Maguire Lake structural trend (both on-shore and in the lake) the drilling of the high priority land based targets will commence shortly. It is estimated that approximately 40 holes will be drilled to test these anomalous “on-land” AlphaTrack radon targets. Maps displaying these radon flux results are available within a presentation on the Company’s new website www.northernuranium.com. Within the Maguire Lake focus area there are three distinct regions which contain a total of 39 high priority drill targets.

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