Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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AGORACOM NEWS FLASH

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Company urges its shareholders not to respond to the Cameco offer ...
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2011) - Hathor Exploration Limited (TSX:HAT) is aware that Cameco Corporation intends to proceed with a hostile and unsolicited all cash take-over bid for Hathor at a price per Hathor common share of Cdn.$3.75. The announcement stated that the bid will be open for at least 60 days from the time it is made. Hathor has not yet been provided with a formal offer and so is not in a position to respond. Hathor will issue a strong and detailed response to the offer after it has received and reviewed the bid materials, and received guidance and input from its financial and legal advisors.

Michael Gunning, PhD, CEO and President of Hathor states, "Our Special Committee and our Board will complete a full review of the formal bid materials before we respond. Similarly, the Company urges its shareholders not to respond to the Cameco offer until the Company has received the formal offer and has had sufficient time to respond to the offer and make available to shareholders both information on the economic parameters for Roughrider, and insights into the global dynamics of primary uranium mine supply and how they relate to the value of Roughrider. The Company has a Special Committee of independent directors in place to consider such offers and ensure that value for our shareholders is maximized."

Hathor believes the offer from Cameco is opportunistic, leveraging the market capitalization set-back in this industry post-Fukushima, and announced just prior to Hathor's planned release of the first economic assessment of the Roughrider uranium deposit, anticipated in mid-September. Hathor's closing share price was a material premium to Cameco's offer on the day Cameco announced its intent.

The Company and its Board are advised by Canaccord Genuity Corp., a leading Canadian investment bank in the mining sector. Gowling Lafleur Henderson LLP is legal advisor to Hathor and Blake, Cassels & Graydon LLP is providing independent legal advice to the Special Committee.

Subsequent to the successful acquisition of Terra Ventures Inc. (see News Release dated August 5, 2011), Hathor owns 100% of the Roughrider uranium deposit.

Dr. Michael H. Gunning, President & CEO

Hathor Exploration Limited

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