Mr. Anthony Zelen reports

GENERATION URANIUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Generation Uranium Inc. has arranged a non-brokered private placement for aggregate gross proceeds of up to $400,000. The company intends to issue up to four million shares of the company at a purchase price of 10 cents per share. Each share will be composed of one common share in the capital of Generation Uranium. No warrants will be issued as part of the offering.

The company intends to use the net proceeds from the offering to help define new drill targets on its Yath project, a high-grade uranium property situated in the Thelon basin in Nunavut, Canada, and for general working capital.

Insiders may participate in the placement, and, as such, their participation in the private placement is a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Finders' fees in connection with the offering may be payable in accordance with the policies and subject to the approval of the exchange. All shares issued in connection with the offering will be subject to a statutory holding period of four months and one day after the closing of the offering.

Completion of the offering is subject to the approval of the TSX Venture Exchange. Any participation by insiders in the offering will constitute a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Generation Uranium Inc.

The company is a natural resource company engaged in the exploration and development of mineral properties. The company holds an option to acquire a 60-per-cent interest in and to the Arlington property, located within the Arrow Boundary district of south-central British Columbia, and holds a 100-per-cent interest in the Yath uranium project, located in the territory of Nunavut.

We seek Safe Harbor.