Strateco Resources Inc. reported that definition drill hole MT-12-012 has intersected 3.62% eU3O8 over 8.5 metres in the MT-22 lens of the Matoush uranium deposit, wholly-owned by Strateco. This hole is part of Strateco's 2012 planned program of 15,000 metres of drilling, which among other things aims to increase the deposit resource, in particular the Indicated resource, by definition drilling. Definition drill hole MT-12-012 intersected the Matoush uranium-bearing structure between hole MT-08-003, which returned 1.9% U3O8 over 7.5 metres, including 5.6 % U3O8 over 2.4 metres, and hole MT-08-028, which returned 0.51% U3O8 over 40.4 metres, including 2.26 % U3O8 over 7.4 metres. Hole MT-12-012 lies 32 metres north of hole MT-08-003 and 27 metres south of hole MT-08-028. All these holes were drilled on the MT-22 lens, discovered by Strateco in 2008. The MT-22 lens contains an estimated 885,000 tonnes at an average grade of 0.52% U3O8, representing 10.1 million pounds, all in the Inferred resource category. As a measure, 1% U3O8 represents approximately 22 pounds per tonne. The uranium spot price is currently $51 per pound.