Uranio delineates areas with high uranium potential on its Mathias concessions

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Uranio AG        Hirschgässlein 30             Frankfurt: UAI WKN: A0MKD4
www.uranio.ch    CH-4051 Basel                 Telefon: +41(61)271 27 70
                 Switzerland                   Telefax:  +41(61)271 27 71


(Complete News Release including photos and graphs is published on our
website www.uranio.ch)


News Release 9-2008                            Basel, 15th October 2008


       

Uranio delineates areas with high uranium potential on its Mathias
concessions in La Rioja Province

Complete News Release including photos and graphs is published on our
website www.uranio.ch


INTRODUCTION

Uranio AG, under its wholly owned subsidiary Uranio del Sur S.A., has
finished its first phase of its regional exploration on the Guandacol
Mathias concessions (Fig. 1: MAT) in La Rioja Province. The result is quite
positive. Different areas totaling 23,155.9 hectares of the total original
area of 42,535 hectares has been identified to contain significant uranium
showings. Uranio decided to drop the remaining area in order to concentrate
its further exploration work on the delineated areas. This has been done in
accordance with the rules of the La Rioja Department of Mines.

 
Figure 1 Location of Uranio’s properties in La Rioja and San Luis Province,
northern Argentina. Concessions covering the Guandacol Matias
concessions(red star labeled 'MAT', for Matias) are in the Province of La
Rioja, and are detailed in Figure 2 and Table 1.

GUANDACOL MATIAS CONCESSIONS CURRENTLY TOTAL 23,156 HECTARES

Uranio’s four reduced concessions in the Guandacol Matias group of
concessions are detailed in Table 1 and Figure 2. The label 'A' indicates
that the concessions have been reduced in size. In addition, the Matias 5
concession of 2,600 hectares was dropped. Uranio now holds in the Guandacol
Matias area 23,155.9 hectares—reduced from an original 42,535 hectares. All
ground considered to be highly prospective for uranium has been retained.

TABLE 1. Names and area of Uranio’s concessions that cover the
Guandacol Matias concessions (Figs. 1 &2). These concessions, all labeled
'A', have been reduced in area in accordance with the rules of the La Rioja
Mines Department.


GUANDACOL CONCESSION                              AREA IN HECTARES
MATIAS 1A                                         5,952.5
MATIAS 2A                                         5,864.3
MATIAS 3A                                         5,650.1
MATIAS 4A                                         5,689.0
TOTAL NEW AREA OF FOUR CONCESSIONS                23,155.9 HECTARES




 

Figure 2. The Guandacol Matias 1A to 4A concessions are in the Guandacol
District, Province of La Rioja in northern Argentina. A variety of uranium
deposit types occur, including humic (replacement of logs and plant trash),
and evaporate-sabkha concentrations (associated with copper). Background is
a satellite image. Coordinates are Gauss Kruger (WGS84).

EXPLORATION ON THE GUANDACOL MATIAS CONCESSIONS

Regional exploration and prospecting of the Guandacol Matias concessions in
La Rioja has identified a variety of uranium deposit types that are
widespread over the area. Uranio showing types include humic with uranium
replacement of logs and plant trash, and evaporate-related or sabkha
concentrations with associated copper. The potential of the
evaporate-sabkha uranium-copper prospects is particularly interesting.
Detailed follow-up of these occurrences is warranted.

CONCLUSIONS

Detailed uranium exploration on the Guandacol Matias concessions in La
Rioja, Argentina is scheduled to start in April 2009, after the rainy
season of mid-December to March. Areas surrounding known showings will be
carefully evaluated at that time. Emphasis will be on follow-up of the
evaporate-sabkha uranium-copper occurrences.

On behalf of the Board of Directors

'Peter Goeggel'

President and Director


Complete News Release including photos and graphs is published on our
website www.uranio.ch


Disclaimer:

This document was prepared by Uranio AG. The opinions stated herein are
those of Uranio AG at the time of publication and are subject to change at
any time. The document is only for the purpose of information and use by
its recipient. It is neither an offer nor an invitation to purchase or sell
Uranio AG shares. A reference to the performance of the past shall not be
understood as an indication of future developments. The information and
analysis contained in this publication have been compiled from sources that
are deemed to be reliable. However, Uranio AG gives no guarantee with
regard to their reliability and completeness and rejects any claim for
damages that may be the result of use of this information.
15.10.2008  Financial News transmitted by DGAP
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