Uranium Participation

Bullish http://www.uraniumparticipation.com



http://www.uxc.com/

FOR IMMEDIATE RELEASE
Trading symbol: U-T
Uranium Participation Corporation - Closes Public Offering
TORONTO, April 10, 2007 -- Uranium Participation Corporation (the "Company") is pleased to
announce the closing of a previously announced bought deal offering of an aggregate of 6,500,000
common shares of the Company, which were sold at a price of $14.60 per common share for aggregate
gross proceeds of $94,900,000. The common shares sold as part of the offering include 675,000 shares
issued as a result of the exercise of an over-allotment option by the underwriters.
The syndicate of underwriters was led by Cormark Securities Inc. (formerly Sprott Securities Inc.) and
included CIBC World Markets Inc., Dundee Securities Corporation, Scotia Capital Inc., TD Securities
Inc., National Bank Financial Inc. and Raymond James Ltd.
The proceeds of the offering will be used to fund the purchase of 250,000 KgU as uranium hexafluoride
(UF6), to fund future purchases of uranium and to fund the ongoing obligations of the Company. The
Company will invest at least 85% of the gross proceeds of the offering in uranium.
These securities have not been registered under the U.S. Securities Act of 1933, as amended, and may
not be offered or sold in the United States unless registered under the Act or unless an exemption from
registration is available.
Caution Regarding Forward-Looking Information
This press release contains certain forward-looking statements and forward-looking information that are
based on Uranium Participation Corporation’s current internal expectations, estimates, projections,
assumptions and beliefs. Forward-looking statements generally can be identified by the use of forwardlooking
terminology such as “may”, “will”, “expect”, “intent”, “estimate”, “anticipate”, “plan”, “should”,
“believe” or “continue” or the negative thereof or variations thereon or similar terminology.
By their very nature, forward-looking statements involve numerous factors, assumptions and estimates.
A variety of factors, many of which are beyond the control of Uranium Participation Corporation, may
cause actual results to differ materially from the expectations expressed in the forward-looking
statement. These factors include, but are not limited to, changes in commodity prices and foreign
exchange. For a description of the principal risks of Uranium Participation Corporation, see “Risk
Factors” in Uranium Participation Corporation’s Annual Information Form dated April 19, 2006, a copy of
which is available at www.sedar.com.
These and other factors should be considered carefully, and readers are cautioned not to place undue
reliance on these forward-looking statements. Although management reviews the reasonableness of its
assumptions and estimates, unusual and unanticipated events may occur which render them inaccurate.
Under such circumstances, future performance may differ materially from those expressed or implied by
the forward-looking statements. Except where required under applicable securities legislation, Uranium
Participation Corporation does not undertake to update any forward-looking information statement.
About Uranium Participation Corporation