Mr. Thomas Lamb reports

MYRIAD PROVIDES UPDATE REGARDING THE RECENT SITUATION IN NIGER AND ITS ONGOING GEOPHYSICS PROGRAM

Myriad Uranium Corp. personnel are safe, and operations have been unaffected by yesterday's coup d'etat in Niger. The company's current high-resolution magnetometer and magnetotellurics (AMT) surveys along the Azouza fault within the Afouday licence continue uninterrupted. It has flown 2,452 kilometres of 50-metre-spaced magnetometer lines, with an additional 517 line kilometres planned at Afouday before it pauses on or before Aug. 10.

Myriad's chief executive officer, Thomas Lamb, stated: "We strongly echo the recent statements of our fellow Canadian companies Goviex and Global Atomic regarding Niger: We believe in the potential of the country and its people. We remain dedicated to contributing to its social and economic development. Niger has been a pro-mining country for over five decades and, despite periodic changes in government, has never experienced an interruption in its uranium mining activities. This long-standing stability in the mining sector is a testament to the country's resilience and its commitment to development. Myriad hopes for a quick and peaceful resolution of the current situation, and reaffirms its commitment to Niger and its people.

"Our teams in the capital Niamey and in the field near Agadez report that the situation is calm, that their work is uninterrupted and that ongoing geophysics work is generating highly promising data along the Azouza fault within the company's Afouday licence. This area within Afouday was the focus of particular attention by Areva. They drilled relatively shallow holes around but not into the fault, and then shot seismic lines which indicated potential untested uranium traps. Again, they never tested the Azouza fault itself and these potential traps, which is exactly what Myriad intends to do. The French ran out of time to emulate nearby Global Atomic.

"We note that the rainy season has commenced, which can reduce line-kilometre production and will result in us pausing on approximately Aug. 10, but the data being produced is even better and more compelling than we'd expected. We are as excited as ever about our potential to make world-class discoveries near Dasa and Imouraren."

About Myriad Uranium Corp.

Myriad Uranium is a Canadian mineral exploration company with 100-per-cent option interest in over 1,800 square kilometres of uranium exploration licences in the Tim Mersoi basin, Niger. These licences are surrounded by many of the most significant uranium deposits in Africa, including Orano's 384-million-pound-triuranium-octoxide-equivalent Imouraren, Global Atomic's 236 Mlb Dasa and Goviex's 100 Mlb Madaouela, and on the same fault structures. Myriad also has a 50-per-cent interest in the Millen Mountain property in Nova Scotia, Canada, with the other 50 per cent held by Probe Metals Inc.

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