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Press release from Marketwire

Uranium Participation Corporation Reports Net Asset Value at April 30, 2011

Monday, May 16, 2011

Uranium Participation Corporation Reports Net Asset Value at April 30, 201114:37 EDT Monday, May 16, 2011TORONTO, ONTARIO--(Marketwire - May 16, 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 April 30, 2011 was CDN$754,095,000 or CDN$7.01 per share. As at April 30, 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$381,693Uranium hexafluoride ("UF6")2,374,230 KgU$389,998$353,595$732,493$735,288U3O8 average cost and market value per pound:- In Canadian dollars$47.24$52.651- In United States dollars$43.23$55.50UF6 average cost and market value per KgU:- In Canadian dollars$164.26$148.931- In United States dollars$152.06$157.001 Converted at the April 30, 2011 exchange rate of $0.9486. 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 and on Uranium Participation Corporation's website at FOR FURTHER INFORMATION PLEASE CONTACT: Ron HochsteinUranium Participation CorporationPresident(416) 979-1991 Ext. 232ORJames AndersonUranium Participation CorporationChief Financial Officer(416) 979-1991 Ext. 372