Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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Message: # 116 Intersects 2.5 Metres of 70% U3O8 with Assays up to 84% U3O8

# 116 Intersects 2.5 Metres of 70% U3O8 with Assays up to 84% U3O8

posted on Jun 04, 2009 07:26AM

TSX VENTURE: HAT

Jun 04, 2009 11:05 ET

Hathor's Midwest NorthEast Drill Hole # 116 Intersects 2.5 Metres of 70% U3O8 with Assays up to 84% U3O8

VANCOUVER, BRITISHCOLUMBIA--(Marketwire - June 4, 2009) - Hathor Exploration Limited(HAT:TSX-V) is pleased to announce U3O8 assay results for a further 23drill holes from the 2009 winter drill program on the Roughrider Zoneat its 90%-owned Midwest NorthEast property, northern Saskatchewan.Twenty of these drill holes intersected uranium mineralization (using a0.05 wt% U3O8 cut-off grade) and high-grade highlights of U3O8 assayedcore-length intervals (i) from 7 of these include:


DDH From To Interval(i) U3O8 GT(ii) Maximum Grade
(m) (m) (m) (wt%) (U3 O8 wt%)


MWNE-09-116 241.5 254.5 13.0 18.12 235.54 84.20
including 247.5 250.0 2.5 70.34


MWNE-09-110C 237.0 253.0 16.0 4.96 79.35 34.10
including 247.5 252.0 4.5 16.13


MWNE-09-88 237.0 247.0 10.0 5.68 56.83 24.60
including 241.0 243.5 2.5 19.30


MWNE-09-102 241.0 253.0 12.0 4.91 58.89 22.30
including 244.5 251.0 6.5 8.03


MWNE-09-113 230.5 249.5 19.0 2.49 47.22 22.40
including 242.5 244.0 1.5 7.12
MWNE-09-113 255.0 260.0 5.0 0.59 2.95 0.93
MWNE-09-113 262.5 265.0 2.5 6.64 16.60 31.70
including 263.0 263.5 0.5 31.70


MWNE-09-89 231.5 244.5 13.0 2.63 34.24 33.80
including 235.0 236.5 1.5 16.88


MWNE-09-115 210.0 219.5 9.5 0.60 5.71 2.28
including 212.0 213.5 1.5 1.52
MWNE-09-115 222.5 228.5 6.0 4.42 26.54 12.70
including 222.5 225.0 2.5 7.53


(i) All intersections are down-hole, core-length intervals and true
thickness of mineralization is yet to be determined.
(ii) "GT" or "Grade x Thickness" is the product of the Interval and the
U3O8 Mineralized Grade for that Interval


The maximum grade intersected in the drill holes reported here is84.20 wt% U3O8 over 0.50m. Two repeat analyses of this intervalreturned values of 84.3 and 84.70 wt% U3O8. Dr. Alistair McCready,Hathor's Senior Project Geologist, said: "We knew that drill hole 116was going to be impressive from the visual examination, the down holegamma survey and the high density measurements of core samples (up to7.6 g/cc). We were, however, not expecting it to return some of thehighest grades of uranium ever reported for Athabasca Basinmineralization. This further confirms that the Roughrider Zone mayrepresent the best ever discovery by a junior in the Athabasca Basin."

The other 13 drill holes contained uranium mineralization rangingfrom 0.39% U3O8 over 3.15 metres to 5.22% U3O8 over 1.5 metres. Threedrill holes were not mineralized.

During the winter, Hathor completed 30,711 metres of diamonddrilling in 89 drill holes from the ice of South McMahon Lake. A fulllisting of U3O8 assay results, detailed drill collar information (forthe entire winter's drilling), select pictures of altered anduranium-mineralized drill core and scintillometer results (cps values)are available on Hathor's website: www.hathor.ca.The cps values reported on drill core still to be assayed, from holeson the southwest and northeast sides of the mineralized zone, indicatethat the mineralization is open to further extensions along strike.

The successful 2009 winter drill program has:

- Demonstrated good continuity of the Roughrider Zone mineralization

- Identified significant strike and width extensions of the original Roughrider Zone

- Demonstrated that the Roughrider Zone remains open in all dimensions

- Discovered zones of high radioactivity at (+/- 5m) the unconformity

- Intersected the highest grade assay reported from the project todate, to the southwest a 30m step-out, hole DDH MWNE-09-116, whichfalls slightly short of the record grades from the McArthur River mine,but higher than the best assays reported from the Cigar Lake mine.

- Provided evidence for new basement-hosted zones

A summer drill program is planned to commence shortly, utilizingboth barge-based and a land-based drill rigs. These will be used to:further test for strike-length extensions and for potentialsandstone-hosted mineralization occurring above the basal unconformity;continue in-fill drilling; and provide material for detailedmetallurgical testing. Hathor is fully-funded to carry out this summerwork and will be releasing assay data from the remaining drill holes ofthe winter campaign as they are received and verified.

Samples were analyzed for U3O8 at the Geoanalytical Laboratories ofthe Saskatchewan Research Council (SRC). The facilities used for theanalysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). Thesamples were analyzed using ISO/IEC 17025:2005-accredited U3O8 method.Laboratory method quality control included the insertion of certifiedreference materials applicable for the ranges of mineralizationencountered. Repeat analyses were performed on every 20th sample. Allrepeat samples had good reproducibility, including those in the veryhigh grade assay ranges. The very high grade samples were subjected tomultiple check analyses. All samples are being analyzed for a suite ofother elements including nickel, cobalt, copper and lead.

Terra Ventures Inc. owns a 10-per-cent production carried interest in the Midwest NorthEast property.

Benjamin Ainsworth, P.Eng., a qualified person as defined byNational Instrument 43-101, has reviewed and approved the technicaldisclosure contained in this news release.

Hathor Exploration Limited

Stephen G. Stanley, Director

To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/As...

Neitherthe TSX Venture Exchange nor its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

For more information, please contact

Hathor Exploration Limited
Tony Nunziata
403-560-7040

or

Hathor Exploration Limited
J.J. Jennex
604-684-6707
www.hathor.ca
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