Drilling Commences At Harts Point Uranium Property

VANCOUVER - Kraken Energy Corp. has commenced drilling at the Harts Point Uranium Property in San Juan County, southeast Utah. With 20 drill pad locations fully permitted, the Company will first and foremost drill three holes over a 5 km strike length targeting the favorable uranium bearing Chinle Formation host rock where three historical oil and gas wells returned "off-scale" radioactivity. Upon favourable results, the Company intends to continue the drill program to further evaluate the mineralized trend.

Matthew Schwab, CEO, said, "We believe that the historical off-scale radioactivity encountered from historic oil and gas wells significantly increases the potential for exploration success at the Harts Point Property, and we are extremely excited to be able to commence our inaugural drill program on this exciting project."