Uranium Participation Corp. reported that the Board of Directors has approved the appointment of Mr. George Assie to the Board. Mr. Assie will replace Mr. Kelvin Williams who passed away earlier 2012.

Mr. Assie served as Senior Vice-President Marketing and Business Development for Cameco Corporation, from January 1, 2003 until retirement on December 31, 2010. Currently, he serves on the boards of two of Cameco Corporation's subsidiaries, as well as Global Laser Enrichment. He is a past chair of the World Nuclear Fuel Market and a past member of the Board of Directors of the World Nuclear Association.