Mr. Craig Parry reports

ISOENERGY LTD. ANNOUNCES PRIVATE PLACEMENTS

Subject to regulatory approval, IsoEnergy Ltd. intends to proceed with a flow-through and a non-flow-through non-brokered private placement. Under the flow-through private placement, the company intends to raise up to $904,500 by the issuance of 1,675,000 flow-through units at 54 cents per flow-through unit. Under the non-flow-through private placement, the company intends to raise up to $1.25-million by the issuance of 3,125,000 non-flow-through units at 40 cents per unit. Each flow-though unit will consist of one flow-through common share and one-half of a share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of three years at an exercise price of 60 cents. Each unit will consist of one non-flow-through common share and one-half of a warrant. With respect to the private placements, the company may pay finders' fees in the amount of 6 per cent, based on the sale of the flow-through units and units purchased by subscribers introduced to the company by such finders.

The proceeds from the flow-through private placement will be used for the continuation of exploration activities on the company's projects in the Athabasca basin, Saskatchewan. The proceeds for the non-flow-through private placement will be used both for exploration on the company's projects and for general corporate purposes.

All securities issued in connection with the private placements will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the private placements is subject to the approval of the TSX Venture Exchange. The company may increase the size of the private placements by up to 15 per cent and/or modify the mix of securities as between flow-through units and units in its sole discretion.

It is anticipated that NexGen Energy Ltd., the company's major shareholder, and certain other insiders of the company, will participate in the non-flow-through private placement. The issuance of units to the insiders pursuant to the non-flow-through private placement will be considered to be a related-party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101 in respect of any insider participation.

About IsoEnergy Ltd.

IsoEnergy is a well-financed uranium exploration and development company with a portfolio of prospective projects in the eastern Athabasca basin in Saskatchewan, Canada, and a historic inferred mineral resource estimate at the Mountain Lake uranium deposit in Nunavut.

We seek Safe Harbor.