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To: LoneClone who wrote (34786)	3/27/2009 8:04:28 PM
From: LoneClone	Read Replies (1) \| Respond to of 194504

Uranium Participation Corporation Reports Net Asset Value at February 28, 2009 Fri Mar 27, 9:33 AM ca.news.finance.yahoo.com TORONTO, ONTARIO--(Marketwire - March 27, 2009) - THIS NEWS RELEASE IS Uranium Participation Corporation ("Uranium Corp")(TSX: U.TO) reports its net asset value at February 28, 2009 was CDN$541,397,000 or CDN$7.49 per share. As at February 28, 2009, Uranium Corp's investment portfolio consisted as follows: ---------------------------------------------------------------------------- (in thousands of Canadian dollars, except quantity amounts) Quantity Cost Market Value ---------------------------------------------------------------------------- Investments in Uranium: Uranium oxide in concentrates ("U3O8") 5,425,000 lbs $ 262,565 $ 310,210 Uranium hexafluoride ("UF6") 1,492,230 KgU $ 271,466 $ 238,918 ---------------------------------------------------------------------------- $ 534,031 $ 549,128 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- U3O8 average cost and market value per pound: - In Canadian dollars $ 48.40 $ 57.18(1) - In United States dollars $ 43.37 $ 45.00 UF6 average cost and market value per KgU: - In Canadian dollars $ 181.92 $ 160.11(1) - In United States dollars $ 168.15 $ 126.00 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- (1) Converted at the February 28, 2009 exchange rate of $1.2707. About Uranium Participation Corporation Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com. Contacts E. Peter Farmer Uranium Participation Corporation President (416) 979-1991 Ext. 231 James Anderson Uranium Participation Corporation Chief Financial Officer (416) 979-1991 Ext. 372 www.uraniumparticipation.com