HATHOR EXPLORATION (V-HAT) $2.57 -0.06

With uranium starting to move and the uranium sector

getting a bit of a boost, we’ve thought for a while that

Hathor Exploration should be one of the most exciting of

the exploration plays in that sector. We’ve commented on

it a couple of time in the last few weeks, so why not ask

President, Stephen Stanley to say a few words… “act presidential”

we said.

Question: Why is Hathor’s share price on a tear?

Stephen Stanley: “Dave...a year ago Hathor came out with

its first resource calculation of 12m lbs and the world concluded

Roughrider was too small. Fast forward to today and

over 100 more drill holes later and the world is starting to

realize Roughrider is more than just a discovery or a small

deposit; it is quickly becoming the number one deposit of

interest in the Athabasca Basin.

The recent assay results from hole MWNE-10-648 of 63.5

metres grading 7.75% with grades as high as 87.2% u3o8 is

one of the best assay results ever to come out of the Athabasca

Basin, truly world-class with comparable hits at only

one or two other deposits in the world.

One of the most important things we need to make sure

shareholders and investors understand is the new resource

calculation that is coming out in November does not include

this hole or any other holes from Roughrider East,

the new resource calculation is only based on the original

Roughrider Zone! We would like to have our third resource

estimate update in the first quarter of 2011 and that will include

Roughrider East.

As Eric Zaunscherb, your analyst from Canaccord has

stated, he believes Roughrider East is probably bigger than

Roughrider. If that is the case and if the upcoming resource

shows Roughrider has 20 million lbs plus then I think the

market will start having confidence that the Roughrider Project

will exceed 40m lbs and at that size it should quickly

become a big target for acquisition!

It is also important to note that we have not defined the

boundaries of Roughrider East so the sky is the limit of

how big this deposit will ultimately be.

In the next three months, investors should expect to see

the following: