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Abonner ESO Uranium Corp.

ESO Uranium Corp.

ESO Uranium Corp.'s 2007 Athabasca Basin Work Programme Underway; NI 43 101 Compliant Reports Commissioned

Vancouver (ots/PRNewswire)

ESO Uranium Corp. (ESO: TSX.V), The
"Company", has made exploration  expenditures to date amounting to
over CDN $5.25 million on its uranium properties in the Athabasca
Basin, Saskatchewan. A further CDN $ 6 million is budgeted for
continuing programmes into 2007. These will include the intensive
drilling of near-surface targets at Cluff Lake  indicated by the
first phase exploration results and follow-up ground and  airborne
surveys that have been started on the 100% owned Hook claims.
The Company has been carrying out systematic exploration of its
uranium projects, including extensive airborne surveys and follow-up
surface geophysical surveys, supported by geochemical sampling of
boulders and radon surveys in selected areas. Core drilling was
carried out on the Cluff Lake area claims under option from Logan
Resources Ltd (LGR: TSX.V) that returned grades up to 0.82% (16.4
lbs/s.ton) uranium oxide over 1.0 meters of drill core interval near
a historical drill hole that recovered a drill core interval of 0.85%
(17 lbs/s.ton) uranium oxide over 2.5 meters. (See news release of
date 2nd May 2006)
ESO has engaged MPH Consulting LTD, an independent firm with
considerable experience in Basin, to complete NI 43 101 compliant
reports  for all of its uranium properties in the Athabasca Basin,
Saskatchewan. The  reports will cover the three blocks of properties
located in the West Basin,  the South Central Basin and the East
Athabasca Basin:
-  The Cluff Lake area in the West Basin is the most advanced
        exploration block with over 169,000 acres adjoining the mining lease
        of the former Cluff Lake producer owned by Areva (past production of
        more than 63 million pounds of uranium oxide and significant gold
        recovery which would have a gross value today of over $4.5 billion).
        The properties include those under option from Logan Resources Ltd
        (LGR: TSX.V), International KRL Resources Corp. (IRK: TSX.V), and
        Hathor Exploration Ltd (HAT: TSX.V), and also the 77,000 acres of 100%
        owned claims of ESO, in the Cluff Lake area;
     -  The 100% owned Hook and Mandin properties in the south central part
        of the Basin include nearly 192,000 acres covering northern
        extensions of geological, geochemical and geophysical targets on the
        Areva, Cameco, UEM Inc and Purepoint Uranium Group (PTU: TSX.V)
        claims that are under active investigation;
     -  The 100% owned Cree Project on the East side of the Basin is
        comprised of approximately 625,000 acres paralleling the geological
        corridor that hosts almost 30% of total world uranium production from
        the highest grade uranium deposits in the World. Areva, the world's
        most important uranium mining and processing company, is actively
        exploring claims adjoining the southeast flank of the project.
     ESO is well positioned with three levels of exploration activity in its
distinct and highly prospective areas of the Athabasca Basin.
     -  Drilling is planned for the advanced Cluff Lake properties of Hathor
        and International KRL in the first quarter of 2007. The drilling will
        be following up on shallow (15 - 150 m depth) uranium and gold
        mineralization previously located, and on geochemical and geophysical
        targets related to fields of highly radioactive boulders (up to 55%
        uranium oxide - news release of 14th September 2006) identified in
        earlier exploration reports.
     -  Drilling is also planned of conductors within possible alteration
        targets identified on the Hook Lake claims covering several
        structures including the northern extension of the uraniferous
        Derkson Structure;
     -  Phase one work in the Cree Project areas, including airborne
        geophysical surveys (now underway) and ground surveys will be carried
        out by MPH Consulting Ltd. This work will generate data for drill
        target definition. Evaluation of exploration reports filed in the
        70's and 80's by competent explorers such as the former Uranerz have
        already enabled ESO to identify several favourable geochemical and
        geophysical domains that have been selected for follow-up work.
To view a map of the project, please click on the following link:
http://files.newswire.ca/494/ESO_Uranium_0226.doc
The Athabasca Basin currently produces almost 30% of the world's
uranium supply from the world's richest mines. The geopolitical
setting of the Province of Saskatchewan is recognized to be the best
jurisdiction in the World for uranium exploration and mine
development. This is the result of the long term experience of the
Province with the Nuclear Industry.
Government, industry and other stakeholders have diligently taken
the opportunity to educate each other to understand the real nature
and benefits of the business. The active uranium mines employ a high
percentage of  Northern Saskatchewan residents in their labour force
and this population  group has also been involved during each of the
previous uranium exploration  booms. There is a substantial and
informed workforce available within the  Province for the exploration
and development of uranium projects.
The technical support from government and provincial organizations
such as Saskatchewan Research Council affords key scientific
infrastructure to assist industry in the difficult task of locating
the next generation of very valuable resources in the Athabasca
Basin.
For reference, the current spot price of uranium is US$85 per
pound of U(3)O(8); An assay reported as 1.0% of U(3)O(8) is equal to
20 pounds of uranium oxide per short ton - the conversion of percent
metal or metal oxide from percent to pounds per short ton is done by
multiplying the percent value by 20.
On behalf of the Board of Directors of ESO Uranium Corp.
"Ben Ainsworth"
Vice President, Exploration
The ESO Uranium Corp. website www.esouranium.com is operational.
Please bookmark this site for future reference and ongoing updated
information.
The Toronto Venture Exchange has not reviewed nor accepted
responsibility for the adequacy or accuracy of the contents of this
news  release which has been prepared by management. Statements
contained in this  news release that are not historical facts are
forward looking statements as  that term is defined in the private
securities litigation reform act of 1995.  Such forward looking
statements are subject to risks and uncertainties which  could cause
actual results to differ materially from estimated results. Such
risks and uncertainties are detailed in the Company's filing with the
Securities and Exchange Commission.
Trading Symbol TSX.V - ESO
Frankfurt - E2G

Contact:

For further information: For corporate communications please contact:
Tom Corcoran or Robert (Bob) Meister, ESO Uranium Corp., Vancouver,
BC, Phone: +1-604-629-0293, Email: info@esouranium.com