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URANIUM ONE
Company Announcement: Uranium One Announces 400% Increase in Kazakh Reserves to 47.8 Million Pounds and a 12% Increase in Indicated Resources at Karatau to 16.3 Million Pounds
 
1st February 2010
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Attached please find a press release on: Uranium One Inc. ("Uranium
One") today announced inaugural reserve estimates for its South Inkai and Karatau Uranium
Mines in Kazakhstan, as well as a significant increase in resources at Karatau. The Company also
announced the completion of the acquisition of Christensen Ranch and Irigaray in Wyoming and
an update to its standstill arrangement with JSC Atomredmetzoloto.

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