Uranium

Uranium Participation Corporation Reports Net Asset Value at February 28, 2011

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TORONTO, ONTARIO--(Marketwire - March 21, 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 February 28, 2011 was CDN$934,455,000 or CDN$8.79 per share. On a fully diluted basis, after assuming the exercise of outstanding stock options, net asset value per share was CDN$8.76. As at February 28, 2011, Uranium Corp'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
$
492,489




Uranium hexafluoride ("UF6")

2,374,230 KgU
$
389,998
$
448,579
















$
732,493
$
941,068














U3O8 average cost and market value per pound:











- In Canadian dollars


$
47.24
$
67.931





- In United States dollars


$
43.23
$
69.75




UF6 average cost and market value per KgU:











- In Canadian dollars


$
164.26
$
188.941





- In United States dollars


$
152.06
$
194.00












1 Converted at the February 28, 2011 exchange rate of $0.9739.








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
ORJames Anderson
Uranium Participation Corporation
Chief Financial Officer
(416) 979-1991 Ext. 372