Uranio AG: Uranio AG starts exploration activities in Bakouma

Uranio AG / Miscellaneous

02.10.2009 

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Uranio AG              
Hirschgässlein 30    
CH-4010  Basel
Schweiz
www.uranio.ch        

Frankfurt: UAI WKN: A0MKD4
Telefon: +41 (0) 61 271 27 70 
Fax: +41 (0) 61 271 27 71

Basel, 2nd October 2009      
News Release 4-2009     

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

Uranio AG starts exploration activities in Bakouma

Uranio AG is pleased to announce commencement of exploration activities on
its 100% owned Bakouma concessions in the Central African Republic.  The
company has four licence areas that are to the north and east of licences
operated by Areva of France at Bakouma in addition to its 27 licenses in
Argentina.

African Skies Limited has been hired by Uranio in order to establish a
permanent camp in the area including an air strip to provide support for
the exploration activities. Logistic and implementation activities have
commenced in the region and two senior geologists and their support team
will be based at site.

Uranio, through their consultants, SRK Consulting, intends to focus on
identifying and delineating the fault-bearing uranium mineralization in the
North Bakouma licences associated with the regional anticlinal fold. The
area is also known to contain other mineral deposits associated with the
geological structures. Initial activity will focus on the two northern
licences

The potential for uranium mineralization was first identified by Cogema in
1961. The uranium rich phosphatic deposits were reported to have some of
the highest grades in Sub Saharan Africa. Further work was undertaken by
Alusuisse in the 1970's and by a Japanese consortium in the 1980's.

The board of Uranio has finalised an agreement with its major shareholder,
Lana International Limited, for a loan which will provide the company with
the initial funding required to implement the programme agreed with SRK.
This programme will include aerial and radiometric surveys, follow up
regional soil and stream sediment sampling and geological mapping. Further
financial offers have been made to the Board of Uranio which will be more
than adequate to fund the completion of the programme proposed by SRK in
order to finalise the resource statement for the four licences in CAR.

In 2007 Areva acquired Uramin in a takeover valued at US$2.5bn.
Areva-Uramin have reported that the licence areas they occupy consist of 10
separate mineralised areas. It is reported that UraMin drilled some 9,400 m
and quoted resources of 38,000 tonnes uranium (tU) with 16,000 tU as a
historic resource estimated and reported by the previous owner.

Mineralization in the North Bakouma licences has been historically referred
to as uranium bearing phosphate deposits associated with faulted limbs of a
regionally important anticlinal structure that cuts through both of the
North Bakouma licences.  The importance of the fault structures, in acting
as a foci for high grade uranium mineralization, has been demonstrated in
published geological reports on the area.

On behalf of the board,
Luca Tenuta (CEO)
Uranio AG
 
(News Release including photos 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.


02.10.2009  Financial News transmitted by DGAP

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