Overview

Mega Uranium Ltd. is a Canadian mineral resources company with a focus on uranium projects. It has uranium resources in Australia and uranium exploration projects in Australia, Argentina, Bolivia, Colombia, Mongolia, Canada and Cameroon. In addition, it has interests in base and precious minerals exploration properties in Canada and Latin America.

What We Like about Mega Uranium!

• Uranium projects on 5 continents
• Production planned by 2011
• Strategic MOU with Japanese nuclear power companies
• $22M portfolio of investments in junior uranium companies
• $33M in Cash and A+ Bonds
• Powerful management team lead by Sheldon Inwentash

Property Summaries

Australia

Mega Uranium has uranium projects across Australia ranging from greenfield exploration projects to projects with defined uranium resources. The uranium projects cover about 20,000 square kilometers of ground in Queensland, South Australia, Northern Territory and Western Australia.

Lake Maitland – The Lake Maitland project in Western Australia has a defined resource of 23.7 million pounds U3O8. Mega is advancing the project rapidly with the goal of being in production by the end of 2011. Mega has agreed to sell 35% of the project to Japan Australia Resources Development Co. Ltd. and Itochu Corporation. These companies will fund 35% of the capital cost to go into production and will purchase the uranium produced.

Ben Lomond Project – The Ben Lomond Project has a defined resource of 7.9 million pounds U3O8 in the indicated category and 2.8 million pounds inferred. The project also has a significant molybdenum credit. A bankable feasibility study was completed in 1982, before anti-uranium mining legislation stopped development of the project.

Georgetown Project – The Georgetown Project is over 750 square kilometers in northern Queensland containing historic uranium resources in addition to a modern resource of 5.95 million pounds U3O8 indicated and 0.38 million pounds inferred. In addition to advancing both modern and historic resources, Mega is doing discovery work including airborne magnetic-radiometric surveys and ground work to try to identify other discoveries within the project.

Mega has a number of other properties in Australia in various stages of exploration.

Canada

Mega’s involvement in Canadian uranium exploration plays is significant. Mega has, or is working with companies that have land holdings in the Athabaska Basin, the Thelon Basin and Labrador’s Central Mineral Belt. Through the acqusition of Twenty Seven Capital Corp., Mega also has uranium projects in Yukon, British Columbia and the Northwest Territories in Canada and one project in northwest Mexico.

Cameroon

Mega holds a 92% interest in Mega Uranium Cameroon which holds three properties totalling over 4,500 square kilometers. Limited historical drilling has intersected significant uranium mineralization. Airborne surveys, followed by ground radiometrics, sampling and limited drilling of select targets have lead to a drilling program planned to test further targets.

Mongolia

Mega is working with Red Hill Energy Inc. on exploration of Red Hill’s portfolio of Mongolian uranium properties. The 8 properties cover a total area of 1850 square kilometers. Exploration to date has not intersected significant uranium mineralisation.

South America

Mega holds properties in Argentina, Bolivia and Columbia that are prospective for uranium mineralization. In Argentina, Mega is the largest holder in the Cretaceous San Jorge Gulf Basin and the Sierra Pintada Uranium district. These two areas contain 10 million pound and 30 million pound U3O8 resources respectively. In Columbia, Mega holds over 6,700 square kilometers of land including a farm-in agreement with AngloGold Ashanit Colombia SA to earn 75% in AngloGold’s uranium tenements.

Management

• Sheldon Inwentash, Chairman and CEO. Sheldon Inwentash, as Chairman and CEO, is responsible for the overall strategic vision and direction for the Company. Mr. Inwentash and his management team have built Mega Uranium into one of the fastest growing junior mining companies globally, by identifying and acquiring quality uranium properties. Mr. Inwentash brings more than 20 years of experience in the investment industry and a deep understanding of progressive investment and financial management strategies.
• Stewart Taylor, President. Mr. Taylor joined Mega Uranium in February 2005, as VP – International Exploration, through Mega’s acquisition of the Ben Lomond uranium deposit in Australia. In October 2005, he was promoted to the role of President, where he is responsible for the generation, acquisition and exploration of the Company’s uranium projects worldwide. Since joining, Mr. Taylor has been instrumental in building Mega Uranium’s worldwide presence. Mr. Taylor, a geologist, holds a B.Sc. (Hons. Geology) from the University of Glasgow, Scotland, and has over 35 years of mining and exploration experience in Australia, Asia, Africa, Europe and North and South America.
• Larry Goldberg, Chief Financial Officer. As Chief Financial Officer, Mr. Goldberg is responsible for the overall financial management of Mega Uranium. Mr. Goldberg is a Chartered Accountant with over 25 years of financial management experience.
• Richard Patricio, Executive Vice President Corporate Affairs. Richard Patricio, as Executive Vice President, Corporate Affairs, is responsible for merger and acquisition activity, corporate transactions and the overall administration of Mega Uranium. Prior to joining the Company, Mr. Patricio practiced law at a top tier law firm in Toronto and worked as in-house General Counsel for a senior TSX listed company. Mr. Patricio is a lawyer qualified to practice in the Province of Ontario.
• Peter McNally, Vice President Project Development. Mr. McNally joined Mega Uranium through the acquisition of Redport Limited and was appointed to the position of Vice President, Project Development. Mr. McNally brings more than 15 years of uranium mine development and operating experience in Australia. Prior to joining Mega, Mr. McNally served in senior management roles for Energy Resources of Australia Ltd. at the Ranger Mine and as the General Manager of the Jubiluka project in the Northern Territory, Australia.
• Michael Downes, Vice President, North America. Michael J. Downes, a geologist with a Ph.D., has extensive experience in mineral exploration. Mr. Downes joined Mega through the acquisition of Monster Copper, where he served as President. Prior to joining Mega, he worked with Kidd Creek Mines, (1980 to 1986) where he led the team that discovered the Hoyle Pond Gold deposit in Ontario. From 1989 to 1997, he held positions of increasing responsibility with WMC International Ltd. (WMC Ltd. of Australia) including Chief Geologist Americas and Manager of Province Assessment.
• Wendy Warhaft, General Counsel. Wendy Warhaft joined Mega Uranium in February 2007, as General Counsel. In this role, Ms. Warhaft provides, among other things, advice and assistance to management in respect of Mega’s corporate finance and M&A activities and its continuous disclosure and corporate governance matters. Ms. Warhaft brings extensive experience in corporate and securities law and was a partner in a top Canadian law firm prior to joining Mega. Ms. Warhaft holds a Bachelor of Law Degree from the University of Ottawa (Magna cum laude) and a Bachelor of Commerce Degree in Finance and International Business from McGill University (With Distinction) and is a member of the Ontario Bar.
• Philip Williams, Vice President, Business Development. Philip Williams joined Mega Uranium in January 2009 and was appointed to the position of Vice President, Business Development. Mr. Williams brings almost 10 years of financial market experience to the company. Prior to joining Mega, Mr. Williams spent five years working for several institutional brokerage firms in the equity research department. Most recently, he was a uranium analyst focused on companies with advanced development projects in Australia, the United States and Namibia.

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