Highlights

• Numerous showings with uranium mineralization at surface
• KAM - Greater than 4% and 5% U3O8 from boulders
• LI - 0.89% U3O8 over 2.5 metres and 0.4% U3O8 over 4.5 metres
• HAWK - 0.20% and 0.19% U3O8 over 23 m and 15 m of drill core respectively
• SW Hawk - 0.25% and 0.07% U3O8 over 1 m and 2.2 m drill core respectively
• Several boulder trains with 0.2 to 2.5% U3O8 at other locations on the property

South Baker-Thelon Properties -- 100% owned

The South Baker project covers more than 12 historic uranium prospects. After completing a comprehensive and detailed review of historic data for the prospects, seven of the prospects were selected for detailed follow-up in 2007. South Baker is located 200 kilometres south of Areva Resources Canada Inc's 140 million lb Kiggavik uranium deposit. The Areva resource is comprised of six structurally controlled deposits and is currently the subject of a feasibility study. Uranium North notes with interest that 67% of the contained pounds of U3O8 at Kiggavik were found in the period 1986-1988, well after the last uranium boom as the structural controls on mineralization became better understood.

The prospects on the South Baker property were originally discovered as a result of boulder prospecting. Based on historic data review, it appears that the drilling was designed to target bedrock sources of mineralized boulders found in glacial till, with little to no consideration for possible structural controls on mineralization. We are of the opinion that a detailed focus on the structural setting associated with these historic uranium occurrences on South Baker will yield some very attractive targets for Kiggavik-style deposits.

Uranium North's 2007 exploration program was designed to identify drill targets associated with structural features that could control mineralization around each of the prospects. Plans included digital re-construction of previous drill hole data, airborne geophysical surveying (16,000 line kilometres) detailed prospecting (873 rock samples and 269 soil samples ) and mapping to define drill targets.

Details of the 2007 airborne geophysical surveying has been interpreted and highlights from initial review of the preliminary magnetic and total count radiometric data for the property. Provided below after each of the 3 prospects that Uranium North will focus on for further follow up in 2008 is the summary of those results. More detailed information will be provided upon completion of a comprehensive final interpretation of the geophysical data.

Hawk Prospect
The Hawk prospect was first identified as a radioactive boulder field spanning an area 280 m by 40 m. Geochemical analysis of boulders returned values up to 4.1% U3O8. Some of the best drill holes intersected mineralization with values up to 0.2% U3O8 over 24 m and 0.19% U3O8 over 15 m. Uranium mineralization is associated with breccia zones near feldspar porphyries and occurs on the margins of breccia fragments. In addition, drill hole H10 contains 0.18% molybdenum at 18-28 m.

Upon completion of a compilation and data review, the uranium mineralization appears to be controlled by a major northwest trending fault zone. This is of considerable interest with respect to the Kiggavik model. Previous work does not appear to have considered the structural complexities of the property. Historic drill data will be further compiled to identify high priority drill targets. Field investigations in 2007 will attempt to identify structural controls on mineralization as a prelude to diamond drilling.

Holes drilled at -90o with exception of H-11(-55o), H-22(-55o), H-37(-45o)
True thicknesses have not been determined

SW Hawk Prospect

The SW Hawk Prospect is marked by a 900 metre-long boulder train. Geochemical sampling of boulders returned values of up to 0.3% U3O8 . Mineralization was intersected in four out of 15 drill holes returning values up to 0.25% U3O8 over 1 m and 0.07% U3O8 over 2.2 m.

2007 Airborne - Hawk Prospect - Several radiometric anomalies have been identified near the known Hawk uranium prospect. These anomalies are 200-500 metres in diameter and include areas coincident with boulder samples collected in 2007 that have yielded U3O8 values ranging from less than 0.1 to 4.39%. At least two of the radiometric anomalies appear to be new and untested by previous explorers.

KAM Prospect

The KAM prospect is comprised of north and south mineralized zones located approximately 900 m apart. The South Zone is defined on the surface by uranium enriched boulders extending 1600 m in an east-west trending direction. Assays from 18 grab samples collected along the southern part of the prospect have yielded values ranging from 0.03% to 4.03 % U3O8 with an average of 0.69% U3O8 . Four of the drill holes at the south zone intersected uranium mineralization. Several uranium rich horizons range from 1 m to 4 m downhole with uranium values ranging from 0.06% to 0.17% including 0.44% U3O8 over 1 m. Based on drill hole data, the strike length of the mineralized zone is a minimum of 250 m and appears to be open to the south and north. The north zone is marked by a 60 m by 50 m boulder field. Assays from 11 boulders from North KAM returned U3O8 values ranging from 0.19% to greater than 5% with an average of 2.04% U3O8. A single hole drilled into the north zone encountered minor uranium mineralization in the same geological rock type as the south zone.

The airborne survey will help delineate the extent of mineralization on both North and South KAM and will help determine if mineralization is continuous between the North and South KAM zones. Additional ground work is planned to identify drill targets.

The holes were drilled on an azimuth of 070o at a dip of -50o
True thicknesses have not been determined
*includes 1m of 0.44% U3O8

2007 Airborne - KAM Prospect - Linear magnetic low features identified from the magnetic data, which may relate to structurally controlled alteration associated with uranium mineralization, are coincident with a uranium bearing boulder train that extends for approximately two kilometres. Further, a radiometric anomaly identified along the magnetic low feature is coincident with uraniferous boulders collected in 2007 that have yielded U3O8 values ranging from less than 0.1 to 2.98%.br>

L-1 Prospects

The L-1-prospect comprises two known uranium mineralized outcrop showings 50 m apart and boulders forming a north-south trending area 100 m by 300 m in size. Detailed mapping and prospecting identified over 150 radioactive boulders of which only 18 were sampled. Values range from 0.04% to 2.2% U3O8 with an average of 0.7%. Other significant values include 1.5%, 1.2%, and 0.84% U3 O8 . Both outcrop showings were trenched and chip sampled returning 2.5 m of 0.89% U3O8 and 3.5 m of 0.08% U3O8.

A total of twenty-two holes totaling 1247.86 metres were drilled in the early 1980s to extend the known mineralized outcrop zones to the north. Of the twenty-two holes, ten intersected mineralization including results of 4.45 m of 0.36% U3O8 and 10.85 m of 0.06% U3O8.

This area warrants further detailed exploration including prospecting and drilling because of the wide-spread distribution of uranium in boulders and outcrop, as well as the fact that 50% of holes drilled on this grid intersected mineralization, All historic drill logs will be captured digitally for three dimensional investigation to identify targets for drilling.

Holes drilled at -45 o with exception of L-10 (-90 o). *Trench sample
True thicknesses have not been determined

2007 Airborne-  L1 Prospect - A radiometric anomaly has been identified at L1. It is coincident with uranium enriched boulders collected in 2007 that yielded U3O8 values ranging from less than 0.1 to 3.7%.