Press release from Marketwire

Hathor Expands Senior Management Team

Tuesday, January 25, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2011) -Hathor Exploration Limited (TSX VENTURE:HAT) is pleased to announcefive changes to senior management and the Board of Directors, effectiveimmediately. Dr. Michael Gunning is appointed as President and CEO. Mr.Jim Malone is appointed as Chairman of the Board. Mr. Jay Fredericks isappointed as the new Vice President, Project Development. Dr. AlistairMcCready is appointed Vice President Exploration. Mr. Ben Ainsworth isappointed as a Special Advisor to the Board, Special Projects and NewBusiness Opportunities.

These additions and changes to Hathor's seniormanagement team reinforce the Company's transition through 2010 from apure junior explorer to a uranium exploration and development company.Dr. Gunning as President and CEO, will continue his focus on sustainedproject development and company growth. Through his 25 years of diverseand valuable experience in mineral exploration, geological research, andmore specifically, the uranium sector, Dr. Gunning will continue toguide an expanding exploration and development team equipped to tackleall aspects of project development at Roughrider and exploration successat Russell and other properties. An integrated plan is developed for2011 to pursue key milestones in corporate development, mineral resourceestimation and economic scoping.

Mr. Stephen Stanley has elected to resign asPresident and CEO and Director of Hathor. The Board of Directors thanksMr. Stanley for his considerable contributions in building Hathor fromthe ground up during the past five years. We wish him well in his futureendeavours.

Mr. Jim Malone, Director, is widely recognized as anuclear industry expert, with more than 40 years of experience in thedown-stream business, most recently as Vice President, Nuclear Fuels,Exelon Generation Company, LLC, the largest generator of nuclear powerin North America. As the newly appointed Chairman at Hathor, Mr. Malonewill take an active role with respect to corporate development. Hisknowledge of the global uranium supply-demand balance, and salescontract platforms provided for open communication between Hathor andvarious North American nuclear industry companies with respect to theRoughrider project. That process will continue in 2011, and expand toAsia. Mr. John Currie, outgoing Chairman, will remain on the Board ofDirectors. His track record in corporate finance at Intrawest andLululemon will serve Hathor well.

Mr. Jay Fredericks is appointed Vice President,Project Development. Mr. Fredericks will oversee economic scoping andother aspects of overall project development at Roughrider. Mr.Fredericks now represents Hathor as a new participant on theSaskatchewan government-industry uranium royalty review committee.Mr. Fredericks brings to Hathor more than 17 years of experience withthe Saskatchewan government in uranium and a broad range of expertise inthe uranium sector in the fields of mineral policy, mineral developmentand market development in the Asia-Pacific region. Mr. Fredericksprovides senior management with the depth and experience necessary tosuccessfully optimize full economic scoping of the Roughrider project.

Dr. Alistair McCready is promoted to Vice President,Exploration. Dr. McCready has served the Company as Senior ProjectGeologist and Exploration Manager, has overseen the Roughrider projectsince its inception, and has successfully developed a fully functioningfield exploration office for Hathor in Saskatoon, including a full-timeexploration staff with extensive and specific experience in uraniumexploration in the Athabasca Basin. He has over 13 years of globalexploration and research experience in uranium, base metals and gold. AsVice President, Dr. McCready will continue to oversee the advancementof the Company's core assets and ensure the Company is open toopportunities in the Athabasca Basin.

Mr. Ben Ainsworth, Director, is appointed as Advisorto the Board, Special Projects and New Global Opportunities. He is asenior geological and mining consultant with over 35 years of industryexperience. He held numerous positions with Placer Development,including Senior Geologist, Chief Geochemist, Exploration Manager-Eastern Canada, Exploration Manager- Chile, and President- Placer Chile,South America. His breadth of experience across the exploration andmining sector, and around the world, is an asset to the Board as itconsiders new business opportunities in the resource sector.

On Behalf of the Board of Directors

Hathor Exploration Limited