Uranium Participation Corporation Reports Net Asset Value at October 31, 2012

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TORONTO, ONTARIO -- (Marketwire - Nov. 1, 2012) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at October 31, 2012 was CDN$607.1 million or CDN$5.71 per share. As at October 31, 2012, UPC's investment portfolio consisted as follows:


(in thousands of Canadian dollars, except quantity amounts)

                                        Quantity         Cost        Market Value	
Investments in Uranium:	
  - Uranium oxide in concentrates ("U3O8")   7,250,000 lbs   $ 342,495    $ 308,002
  - Uranium hexafluoride ("UF6")             2,374,230 KgU   $ 389,998    $ 288,354
                                                             $ 732,493    $ 596,356
									
U3O8 average cost and market value per pound:		
  - In Canadian dollars                                      $  47.24     $  42.48 1
  - In United States dollars                                 $  43.23     $  42.50
UF6 average cost and market value per KgU:
  - In Canadian dollars                                      $ 164.26     $ 121.45 1
  - In United States dollars                                 $ 152.06     $ 121.50

1 Converted at the October 31, 2012 exchange rate of $0.9996.


About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com.



Contact

Uranium Participation Corporation
Ron Hochstein, President
(416) 979-1991 Ext. 232

Uranium Participation Corporation
James Anderson, Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com