TORONTO, ONTARIO--(Marketwire - May 6, 2008) - Mega Uranium Ltd. (TSX:MGA) ("Mega") is pleased to announce that its acquisition of Energentia Resources Inc. ("Energentia") closed today. Energentia is now a wholly-owned subsidiary of Mega.

Under the terms of the acquisition, former shareholders of Energentia will receive one common share of Mega in exchange for every ten common shares of Energentia held. Based upon the number of Energentia common shares outstanding as at May 5, 2008 (and subject to rounding), an aggregate of approximately 7,208,300 common shares of Mega will be issued to former shareholders in exchange for their Energentia common shares. Certificates evidencing the common shares of Mega to which the former registered shareholders of Energentia are entitled will be mailed by Equity Transfer & Trust Company commencing on or about May 8, 2008.

Outstanding Energentia stock options and warrants have been assumed by Mega and, upon the exercise of the securities in accordance with their terms, the holders thereof will receive common shares of Mega in lieu of Energentia common shares, on the basis of one Mega common share for every ten common shares of Energentia holders would have otherwise been entitled to receive.

About Mega Uranium

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Canada, Argentina, Bolivia, Colombia, Mongolia and Cameroon. Further information on Mega can be found on the company's website at www.megauranium.com. Mega Uranium's Australian uranium properties, including without limitation Ben Lomond, Maureen and Lake Maitland, are subject to State policies which presently prohibit the mining of uranium.