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Message: High Resolution Airborne MAG Survey Underway

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High Resolution Airborne MAG Survey Underway

posted on Jun 30, 09 11:28AM

Tuesday, June 30, 2009
High Resolution Airborne MAG Survey Underway on Forum and Hathor's Henday Project, Athabasca Basin

Vancouver, B.C. June 30, 2009. Forum Uranium Corp. (FDC: TSX-V) and Hathor Exploration Limited (HAT: TSX-V) are pleased to announce that a high-resolution airborne magnetometer survey is currently underway on the Henday Project in northern Saskatchewan. This survey will help identify and prioritize the structural geology and rock types on the project, and place them in context with surrounding properties, including Hathor's Roughrider Zone that lies approximately 12 km to the south, and the Midwest, Dawn Lake and McClean Lake deposits.

This new airborne magnetic data will be used together with recently acquired electromagnetic ("EM") and gravity data (see June 1, 2009 news release) to identify the best targets for an aggressive diamond drill program planned for this winter.

The Henday property has exceptional potential to host shallow, high-grade uranium deposits and is located along a northeast trend hosting the AREVA-operated Midwest Lake deposit (41 million lbs. U3O8 at an average grade of 5.5%) and Hathor's Roughrider Zone. At Henday, the sandstone thickness averages only 160 metres, making such a target amenable to open pit mining operations.

Under terms of the option, Hathor must spend $3.5 million in exploration over the next three years to earn a 60% interest in the project. Forum is the operator of the Henday project. Ken Wheatley, P. Geo. (Saskatchewan, Nunavut), Vice President, Exploration is the Qualified Person that has reviewed the contents of this news release.

With capital resources of approximately $35 million, Hathor continues to aggressively advance its portfolio of Athabasca region uranium exploration projects.

For more information on Hathor, please visit the company's website: www.hathor.ca or contact Tony Nunziata at 403-560-7040 or JJ Jennex at 604-684-6707.

Hathor Exploration Limited

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

You can also view this News Release on our website at:
http://www.hathor.ca/s/NewsReleases.asp?ReportID=354327