Powertech Uranium Resources

A drilling contractor has been selected, and drilling is expected to commence in late June or early July. The drilling process is anticipated to take four to six weeks once work begins.

Powertech intends to submit the necessary permit applications for in situ recovery operations to the United States Environmental Protection Agency, the Colorado Department of Public Health and Environment, the Colorado Department of Natural Resources, and Weld county in the second half of 2008.

In addition, Powertech has selected a strategic communications agency, Peter Webb Public Relations (Webb PR), to develop its community relations and media relations plans surrounding the Centennial project. Webb PR's team focuses on the mining sector and has extensive experience hosting public meetings, co-ordinating the public aspects of permitting and project siting. On behalf of Powertech, Webb PR has launched a call-in information line in regard to the permitting stage of the project.

Members of the Weld county community and interested parties seeking information on the Centennial project may call the newly launched information line at 303-898-4240 or toll-free at 1-877-798-4240. Messages left will receive a response within 24 hours, Monday to Friday, between 8 a.m. and 5 p.m. Mountain Time. On July 19, 2007, Powertech will host an open-house information meeting to give members of the public the opportunity to personally meet the Powertech team, ask questions and learn the facts on the Centennial project. The meeting will take place at the Nunn Town Hall at 4 p.m. to 7 p.m. Additional meeting details will be circulated to community members and news media soon.

© 2007 Canjex Publishing Ltd.

Knight Piesold and its team of multidisciplinary engineers and environmental consultants will be performing the environmental and technical studies required by the regulatory authorities for Fall River and Custer counties, the state of South Dakota, the U.S. Nuclear Regulatory Commission and the U.S. EPA. The Knight Piesold team includes RESPEC, a well-known and respected environmental firm located in Rapid City, S.D., Environmental Restoration Group (ERG), an Albuquerque, N.M., firm specializing in radiation monitoring and safety, and BKS Environmental Associates Inc. (BKS), located in Gillette, Wyo., which specializes in issues relating to soils and vegetation. Knight Piesold and its team of consultants expect to have the permit and licence applications ready to submit by the end of 2008, or early 2009.

Knight Piesold is an international environmental, engineering and construction services consulting firm located in Denver, Colo., serving domestic and international mining clients since 1921 (since 1985 from its Denver office). Its principal, Barbara Filas, is a past president of the Society for Mining, Metallurgy and Exploration (SME). RESPEC, an employee-owned firm, has been providing environmental services for 25 years, and has a memorandum of understanding with the South Dakota School of Mines and Technology (SDSM&T) that allows professors and students to participate in its projects. BKS has been providing its services to the mineral extraction industry (including oil and gas) since 1981. ERG was incorporated in New Mexico in 1991 for the purpose of providing radiological consulting services to the nuclear industry.

Richard Clement, President of Powertech, comments: "Powertech is very pleased with the team of experts assembled by Knight Piesold for this project. I am particularly pleased that a significant portion of the work will be performed by South Dakota environmental consultants as well as experts from the South Dakota School of Mines & Technology. I am confident that the Knight Piesold team will procure the necessary permits and licences in a professional and timely manner."