Uranium Participation Corporation Reports Financial Results for the Three Months Ended May 31, 2013

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, ONTARIO -- (Marketwired - July 3, 2013) - Uranium Participation Corporation ("UPC" or the "Corporation") (TSX:U) reports results for the three months ended May 31, 2013. All amounts are in Canadian currency unless otherwise noted.

Total equity ("net asset value") decreased $20.0 million in the three months ended May 31, 2013 to $595.9 million ($5.60 per share) at May 31, 2013 from $615.9 million ($5.79 per share) at February 28, 2013.

                                                          Period ended
                                                   May 31, 2013  February 28, 2013
Net asset value (in thousands)                        $ 595,945          $ 615,949
Net asset value per common share - basic and diluted       5.60               5.79
U3O8 spot price(1) (US$) at period end date               40.50              42.00
UF6 spot price(1) (US$) at period end date               115.50             120.00
Noon US$"CAD$ exchange rate at period end date           1.0339             1.0285

1 Reflects spot prices published by Ux Consulting Company, LLC. Translation to Canadian dollars calculated at the period end noon foreign exchange rate.


Net losses incurred of $20.0 million for the three months ended May 31, 2013 (May 31, 2012: net income of $27.4 million) was primarily due to unrealized losses on investments of $19.1 million (May 31, 2012: unrealized gains of $29.5 million) a result of the decline in U3O8 and UF6 spot prices, offset by an increase in foreign exchange rates in the period.

Significant expenses included management fees of $0.4 million for the three months ended May 31, 2013 (May 31, 2012: $0.4 million), storage fees of $0.5 million (May 31, 2012: $0.3 million), and income tax expense of nil (May 31, 2012: $1.3 million).


About Uranium Participation Corporation

Uranium Participation Corporation is a company that 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 and Chief Executive Officer
(416) 979-1991 Ext. 232

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