Consolidated Uranium Inc. announced that it has closed the previously announced 100% acquisition of the Huemul-Agua Botada Uranium-Vanadium-Copper Mine and surrounding prospective ground totaling ~27,350 hectares located in the Malargüe department of southern Mendoza province, Argentina. Huemul was Argentina´s first producing Uranium mine and operated between 1955 and 1975, recording approximately 500,000 pounds of historical U3O8 production before it closed in 19761. CUR now holds two projects with strong technical merit in Argentina.

Pursuant to an agreement between CUR´s wholly-owned subsidiary, 2847312 Ontario Inc., and the vendor of Huemul, Ontario Inc. has acquired a 100% interest in ~22,432 hectares within the Huemul Project area held by the Huemul Vendor for consideration comprised of: USD 200,000 in cash; 500,000 common shares of CUR; and A 2% NSR royalty payable by the Company to the Huemul Vendor on certain portions of the Huemul Project. CUR has the right to repurchase 1% of the Huemul Royalty by paying the amount of USD 2,000,000. Pursuant to an agreement between Ontario Inc. and NewEra Metal Resources Ltd., Ontario Inc. has acquired a 100% interest in two claim applications covering ~2,352 hectares within the Huemul Project area held by NewEra for consideration comprised of: USD 120,000 in cash; 119,372 Common Shares; and A 1% NSR royalty payable by the Company to NewEra on the claims covered by the NewEra Claim Applications.