Recent Drilling Continues To Enhance Dasa Project

TORONTO - Global Atomic Corporation President and CEO, Stephen G. Roman, said, "Global Atomic continues to move forward on developing and expanding the Dasa Project.  The recent drilling continues to enhance what is already the largest, highest-grade uranium deposit under development in Africa.  We continue to receive confirmation for new mining equipment to be delivered concurrent with the start-up of our underground development in Q4, and now, with interest from Export Development Canada, we have moved another step closer to our goal of completing project financing for the Dasa Project this year.  Project financing, initial off-take agreements and the formation of our Niger mining subsidiary are all catalysts that our shareholders should expect us to complete in the near term."  

As the next step to compiling these drill results into a new Mineral Resource Estimate (MRE) for Dasa, the Company has engaged Dmitry Pertel of AMC Consultants of Perth, Australia.