Myriad Uranium Corp. announced the staking of the Knob claims, a significant uranium target area in the Copper Mountain Uranium District. Historical information from Neutron Energy Inc. suggests that the Knob claims contain a potential target of up to 500,000 lbs U3O8 at 0.15% with significant potential for expansion.

The Knob claims are comprised of 52 Wyoming mineral claims aggregating 780 acres. The area is now part of the Copper Mountain Project, in which Myriad holds a 75% earnable interest. The identification and acquisition of the Knob claims is a result of Myriad's ongoing review of proprietary paper-based historical data sets.

The Knob target areas' mineralization is understood to be in a flat-lying zone of fracturing within the host granite. This is the first of many planned expansions at Copper Mountain, adding to a claim area that already includes the past-producing Arrowhead Mine, the Canning Deposit, the Fuller Deposit, and a number of other uranium deposits and mines. It is expected that the historical data trove will continue to allow Myriad to add high-potential prospects to the project.

A qualified person (as defined under NI 43-101) has not done sufficient work to classify the historical target estimate reported in this news release as a current mineral resource or mineral reserve, and Myriad is not treating the historical target estimate as a current mineral resource or mineral reserve. In particular, the Company does not know the key assumptions, parameters and methods used to prepare the historical target estimate. Also, the Company does not have any more recent estimates or data available respecting the historical target estimate.

In order to verify the historical target estimate referenced in this release, additional exploration work will be required, including drilling. The target estimate in this news release is referenced in a January 2010 Neutron Energy Inc. report titled "The Copper Mountain, Wyoming Project, Resource Status, Potential, & Recommended Programs" by J.F. Davis and D.T. Wilton." The January 2010 report states that no data was available to the authors relating to the Knob target, but does reference "Ferris, 1968" as a source. The Company is seeking a copy of this document but has not yet located one.

The estimate cannot be relied upon until it is confirmed by additional work. The scientific or technical information in this news release respecting the Company's Copper Mountain Project has been approved by George van der Walt, MSc., Pr.Sci.Nat., MGSSA, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. It is based on the Qualified Person's initial review of historical reports which were recently obtained by the Company.

The information did not include original data such as drilling records, sampling, analytical or test data underlying the information or opinions contained in the written documents. Therefore, the Qualified Person has not reviewed or otherwise verified the information and has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves. The Qualified Person considers the information to be relevant based on the amount and quality of work undertaken and reported historically.

A more thorough review of any available original data will be undertaken and reported on in more detail in future releases.