Mr. Anthony Zelen reports

GENERATION URANIUM ARRANGES NON-BROKERED PRIVATE PLACEMENT FOR AGGREGATE PROCEEDS OF CAD$400,000

Generation Uranium Inc. has received an aggregate of $400,000 in subscriptions for its previously announced non-brokered private placement of common shares at 10 cents per share. Completion of the offering is subject to TSX Venture Exchange approval and execution of formal documentation by the company. A finder's fee of 8 per cent in Generation Uranium common shares and 8 per cent in Generation Uranium common share purchase warrants will be paid upon closing. Each finder warrant will entitle the holder to purchase one common share at an exercise price of 10 cents for 24 months following closing.

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

All securities issued to investors under the offering will be subject to resale restrictions expiring as follows: (i) six months from closing (as to 50 per cent of the securities); and (ii) eight months from closing (as to 50 per cent of the securities).

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.