U3O8 Corp (UWE.TO or UWEFF) Extends Mineralization at Berlin Project in Colombia

Yesterday, U3O8 Corp confirmed that they extended the mineralization at Berlin over 6.3km, which means that the resource may be about 1.5 times bigger than the original resource which is around 47.6 million lbs.  We expect more drill results from the northern portion and further infill results to expand the previous resource estimate.  Based on these exploration results showing the continuity of the mineralization to the north, we expect a large increase of uranium, vanadium, phosphate, molybdenum, rhenium, yttrium, neodymium and nickel.  We are excited that the company has reiterated its target of producing a Preliminary Economic Assessment by year end 2012.

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