MYRIAD URANIUM CORP. announced that Loxcroft Resources Ltd. has waived the Company's obligation to incur additional exploration expenses to earn an 80% interest in over 1,800 km2 of uranium exploration licenses in the Tim Mersoi Basin, Niger (the "Niger Projects"), and therefore Myriad now holds an 80% interest in the Niger Projects. The Niger Projects are surrounded by many of the most significant uranium deposits in Africa and are located on the same fault structures as Orano's 384 Mlbs eU3O8 Imouraren, Global Atomic's 236 Mlbs Dasa, and Goviex's 100 Mlbs Madaouela.