Red Basin Uranium Project Ground Expanded

VANCOUVER - Myriad Uranium Corp. has staked additional ground at its Red Basin Uranium Project in Catron County, New Mexico. The 77 newly-registered claims increase total acreage from approximately 1,753 acres (709 hectares) to approximately 3,324 acres (1,345 hectares). To the best of management's knowledge, the Company now holds acreage covering the vast majority of known historical drilling (more than 1,050 holes) and all identified historical uranium resources in the district (0.5 Mlbs Indicated, 1.5 to 6.5 Mlbs Inferred) (not NI 43-101 compliant).

The Company's claims contain extensive uranium-vanadium mineralisation which is near surface at grades of 0.17% - 0.31% U3O8 and up to 1.64% V2O5. The shallow roll front mineralisation suggests there may be numerous extraction options that could be economic, including in-situ recovery.

The broader Datil Mountains — Pietown area is estimated to contain as much as 30 - 45 Mlbs of uranium mineralisation (Chamberlin, 1981, Open-File Report No. 138, New Mexico Bureau of Mines and Mineral Resources) with much of it potentially amenable to in-situ recovery. The Red Basin District has excellent access and infrastructure, and New Mexico has a rich history of exploration, development and mining. A number of prominent uranium companies are currently investing heavily in the state.

Thomas Lamb, CEO, said, "Our acquisition of a significant high grade historical resource at Red Basin was in itself a coup. Now, the narrative is evolving with an exciting new phase of growth. Instead of simply expanding around our current claims, we are leveraging the expertise of local geologists with first-hand experience in the 1970s and 1980s drilling programs. Importantly, details of this historic drilling are not public knowledge, and our direct access to individuals involved provides us with a distinct advantage and a compelling opportunity as we pursue significant resource expansion and new discoveries."