TORONTO, ONTARIO--(Marketwire - March 15, 2012) -

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Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at February 29, 2012 was CDN$712.2 million or CDN$6.70 per share. As at February 29, 2012, UPC's investment portfolio consisted as follows:

(in thousands of Canadian dollars, except quantity amounts)			Quantity	Cost			Market Value
Investments in Uranium:
	Uranium oxide in concentrates ("U3O8")		7,250,000 lbs	$	342,495		$	371,948
	Uranium hexafluoride ("UF6")		2,374,230 KgU	$	389,998		$	330,281
				$	732,493		$	702,229
	U3O8 average cost and market value per pound:
		- In Canadian dollars		$	47.24		$	51.301
		- In United States dollars		$	43.23		$	52.00
	UF6 average cost and market value per KgU:
		- In Canadian dollars		$	164.26		$	139.111
		- In United States dollars		$	152.06		$	141.00

¹ Converted at the February 29, 2012 exchange rate of $0.9866.

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 Hochstein
Uranium Participation Corporation
President
(416) 979-1991 Ext. 232

OR

James Anderson
Uranium Participation Corporation
Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com