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Press release from Marketwire

Uranium Participation Corporation Reports Net Asset Value at March 31, 2011

Monday, April 18, 2011

Uranium Participation Corporation Reports Net Asset Value at March 31, 201111:24 EDT Monday, April 18, 2011TORONTO, ONTARIO--(Marketwire - April 18, 2011) -THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at March 31, 2011 was CDN$854,065,000 or CDN$7.94 per share. As at March 31, 2011, Uranium Corp's investment portfolio consisted as follows:(in thousands of Canadian dollars, except quantity amounts)QuantityCostMarket ValueInvestments in Uranium:Uranium oxide in concentrates ("U3O8")7,250,000 lbs$342,495$440,347Uranium hexafluoride ("UF6")2,374,230 KgU$389,998$403,773$732,493$844,120U3O8 average cost and market value per pound:- In Canadian dollars$47.24$60.741- In United States dollars$43.23$62.50UF6 average cost and market value per KgU:- In Canadian dollars$164.26$170.071- In United States dollars$152.06$175.001Converted at the March 31, 2011 exchange rate of $0.9718.In March 2011, all outstanding stock options assumed as part of the Uranium Limited acquisition were exercised resulting in the issuance of 1,237,500 Uranium Corp shares and the receipt of CDN$7,951,000 in cash proceeds.About Uranium Participation Corporation Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com. FOR FURTHER INFORMATION PLEASE CONTACT: Ron HochsteinUranium Participation CorporationPresident(416) 979-1991 Ext. 232ORJames AndersonUranium Participation CorporationChief Financial Officer(416) 979-1991 Ext. 372www.uraniumparticipation.com