Uranium Roll-Front Discovery at Livingstonia, Malawi

ASX/Media Announcement
Uranium Roll-Front Discovery at Livingstonia, Malawi
Globe Uranium is delighted to report that RC drilling at the Company's 100% owned Livingstonia Project in Malawi has resulted in the discovery of roll-front style uranium mineralisation in Karoo sandstones at the Chombe prospect.

Summary

The reported results confirm the presence of significant uranium mineralisation within the Livingstonia EPL, and highlight the prospectivity of the Karoo sequence in the area. The interpreted roll-front at the Chombe prospect, and other targets within the EPL, are now major priorities for the Company in 2008, and will form the ideal compliment to the Company's multi-commodity Kanyika Project, where resource estimation and scoping works are underway.

Globe Uranium's Managing Director, Mark Sumich, said, "These are highly significant uranium values. Chombe is a `pure-play' uranium target with a known mineral processing route in an extremely supportive jurisdiction. It is very early days at Livingstonia, but we couldn't be more pleased with how we are placed moving into 2008".

"The EPL was applied for on the basis of a radiometric anomaly exposed along the eastern scarp. The drilling was designed to test the roll-front model and identified oxidized and unaltered zones. The field team recognised the possibility for a roll-front between these zones, as the geological model would predict, and proposed a few additional holes that led to the discovery. It's a great technical success and testimony to the quality of our team".