Azarga Uranium Corp. announced that the company has completed an updated National Instrument 43-101 ("NI 43-101") resource estimate for its Gas Hills Uranium Project in Wyoming (the "Gas Hills Project") following the identification of additional uranium mineralization as previously disclosed by the company. Both the ISR and non-ISR resources were determined using the GT contour method and met the following criteria: 0.02 percent grade cutoff; Occur within the same mineral horizon (roll front); Fall within the 0.10 GT contour; and Extend no farther from the drill hole than the radius of influence specified for each category, i.e., measured, indicated or inferred. Data Verification: An overall assessment of the data used for the classification of resources into various categories is required by the CIM Definition Standards. This assessment showed that historical data gathering and interpretation of the data was conducted by a well-respected, major uranium exploration company with high-quality uranium exploration staff. It also showed that at key points, professional geologic consultants reviewed and verified the results of the historic exploration programs. Numerous academic reports have also been published on geologic settings and uranium mineralization of the Gas Hills Project. Interpretive geologic evaluation has also been completed under the direction of the company's senior geologic staff. All these factors provide a high level of confidence in the geological information available on the mineral deposit and that historic drillhole data on the Gas Hills Project is accurate and useable for continued evaluation of the project. There are no known discrepancies in locations, depths, thicknesses, or grades that would render the project data questionable. The QP has adequately verified the historical data for the Gas Hills Project. The QP has reviewed the data confirmation procedures and concludes that the drillhole database has been sufficiently verified and is adequate for use in resource estimation. The QP concludes the work done by Azarga Uranium to verify the historical records has validated the project information in the updated resource estimate.