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: Canaccord morning Coffee (9/2/2010)

Hathor Exploration* (HAT : TSX-V : $1.71), Net Change: -0.03, % Change: -1.72%, Volume: 287,354

It's hard HAT to crack…

Hathor Exploration was essentially unchanged despite releasing positive preliminary results from its

Summer 2010 infill and step-out drill program at its Roughrider East (RRE) zone. Highlight holes include MWNE10-648

(infill), which showed 47.4 m of anomalous radioactivity within an alteration zone, including 14.9 m of off-scale radioactivity,

and MWNE-10-651 (step-out), which extends the RRE zone 60.0 m to the east and indicated off-scale radioactivity in the upper

most part of a 11.2 m interval. Implications appear generally positive, showing the potential for continued growth in the overall

deposit size and continuity between Roughrider and Roughrider East: C251) Infill drilling continues to demonstrate the presence

of massive pitchblende mineralization at RRE; 2) RRE has been extended 60 metres to the east; 3) continuity between

Roughrider and RRE continues to be demonstrated: MWNE-10-222 intersected 2.1 m of anomalous radioactivity; and 4) a

resistivity anomaly along a drill fence 100 metres south of the RRE discovery hole indicated non-radioactive but pervasive

alteration, but could signal the presence of radioactive material. Drilling is ongoing and expected to end in mid-September.

Canaccord Genuity Senior Mining Analyst Eric Zaunscherb believes shares are trading at a deep discount and while the

geological characteristics emerging at Roughrider East zone are fundamentally positive, the market seems lulled to sleep by a

languishing uranium spot market and amañana attitude. The lack of urgency is surely a reflection of the uranium spot market but

expects this to pick up as 2010 unfolds. While Hathor’s geologists continue doing their part, Zaunscherb believes serious valueoriented

investors should put away some Hathor, waiting for the sun to shine on the uranium sector again.

SunOpta*

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