The Directors of Raisama Limited and JV partner Monitor Energy Limited are announced that multiple, high grade uranium intersections from a new 7 hole drilling program have significantly extended the strike length of Raisama’s Kashkasu II discovery in the Kyrgyz Republic.

The best intersections from the drilling included 5 meters 686 ppm U3O8 and 3 meters 982 ppm U3O8 from drill hole EKD04 and 4 meters 522 ppm U3O8 and 3 meters 810 ppm U3O8 from drill hole EKD05. Assay results from all 7 holes have been received. The mineralization remains open to the North West and down dip.

The drill results indicate the presence of multiple, high grade zones of coal and sandstone hosted uranium mineralization at Kashkasu II within a broad area where mineralization has been identified at surface and now confirmed in drilling over a strike extent of more than 1,100 meters.

The assay results from these 7 holes have recorded significant intercepts from as shallow as 20 meters down hole and to a maximum of 108m down hole. In 3 of the holes 2 or more unranium intercepts were recorded, indicating the potential for additional hanging wall and footwall zones that may extend to surface. The mineralization is striking parallel with stratigraphy, North West to South East and is open along strike and down dip.

Mr David Berrie MD of Raisama said that “These new drilling results are highly encouraging and have reinforced our view on the future potential at Kashkasu II. Our drilling, in both the phase 1 and phase 2 programs have returned very exciting results confirming the presence of high grade uranium mineralization in a number of horizons. Those drilling results, combined with historic data, warrant a third phase of drilling and we have already commenced planning an extensive follow up program with focus to the North West where the mineralization remains open along strike.”