Confirmation Of High Grade Uranium At The Copper Mountain Project

VANCOUVER - Myriad Uranium Corp. reported on equivalent uranium (eU3O8) grades from initial drilling at the Copper Mountain Uranium Project in Wyoming. Spectral gamma ray logging confirms the potential for high-grade uranium mineralisation at the Canning Deposit area and provides strong initial validation of the historic work done by Union Pacific at Canning and across the entire Project area.

Results corroborate or exceed what was anticipated from the historic drill data obtained by the Company in relation to the Canning Deposit. Results confirm the potential for high-grade uranium in the northern part of the Canning Deposit, with numerous intervals reporting greater than 1,000 ppm eU3O8 and peak grade in borehole CAN0006 reaching up to 8,060 ppm eU3O8.

Spectral gamma ray logging results show elevated uranium mineralization (greater than 200 ppm eU3O8) across multiple long intercepts in every hole drilled to-date. The ten holes reported here contain 29 intervals over a minimum of 3 feet that are greater than 500 ppm eU3O8, and 21 intervals greater than 1,000 ppm eU3O8. In addition, across the ten holes reported here, there are 58 intervals over a minimum of 3 feet that are greater than 200 ppm, with 28 greater than 10 feet. If ISR recovery methods prove to be viable over parts of the Project Area, as it has in other parts of Wyoming, these areas could prove highly interesting in addition to the many higher grade intervals encountered.

CEO, Thomas Lamb, said, "We are very excited about these preliminary results from the initial phase of our maiden drill program at Copper Mountain. They give us high confidence in the historic data we obtained and have been working with. It is too early to say whether the grades and strategy of drilling inclined holes (as opposed to Union Pacific's mostly vertical drilling) will improve on the resources estimated by Union Pacific during the late 1970s, but with these early results we are encouraged by the large potential of the Canning Deposit and the broader potential of the Copper Mountain Project Area and therefore our potential to deliver long-term value to our shareholders."