ESO Uranium Corp V.ESO

ESO Uranium Corp. some things to read

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NTRODUCTION ESO Uranium Corp. is a Canadian based mineral resource company exploring for uranium in in Saskatchewan and for gold in the northern in Ontario. The Company has over 810,000 acres distributed throughout the prolific Athabasca Basin, of northern Saskatchewan. In Ontario, the company is exploring for gold on the Mikwam Gold Project, totaling 12,864 acres, on the Casa Berardi Deformation Zone. Western Athabasca Basin: ESO Uranium has more than 360,000 acres, of which, 35,000 acres (100%) is strategically situated on strike and trend with UEX/COGEMA'S Shea Creek Discovery zone, located nine kilometers to the southeast. Eastern Athabasca Basin: ESO Uranium has acquired, 100% interests in claims, covering more than 450,000 acres, of which, a portion are adjacent to claims controlled by COGEMA. The eastern Athabasca Basin is home of, not only the largest, but also the richest uranium deposits on the planet, including the operating McArthur River Mine with reserves of 400 million lbs U3O8 grading 24.7% U3O8 and Cigar Lake Mine, containing 170 million lbs U3O8, with an average grade of 19% U3O8. Overall, The Athabasca Basin has been identified as the "global hotspot" for high-grade unconformity-related uranium deposits, accounting for more than 30% of global uranium supply. Inclusive of The Athabasca Basin, the worldwide average grade for uranium mines is 0.24%. ESO-Uranium's historic CAR-425 hole from 1979, is over 350% higher (0.85% uranium over 2.3 meter) than that global average, which also delivered boulder trains on surface, grading up to 19.3% U3O8. ESO Uranium has dedicated $2 million for an initial exploration budget, with drill targets, which have already been delineated. This budget is exclusive to The Basin. In Ontario, the company is exploring for gold on its Mikwam project, which totals 12,864 acres and results from a recently completed airborne geophysical survey are currently being analyzed to select drill targets. The Company has positioned itself as one of the largest landholders in the prolific Athabasca Basin with more than 810,000 acres. Western Athabasca Basin; ESO Uranium’s more than 360,000 acres is strategically positioned on strike with UEX/COGEMA’s Shea Creek Project, located only nine kilometers to the southeast. Recent UEX/COGEMA drill assays continue to identify this geographical region as the “global hotspot” for high-grade unconformity-related uranium deposits, accounting for more than 30% of global uranium supply. Recent UEX/COGEMA drill assays continue to identify this geographical region as the "global hotspot" for high-grade uncomformity-related uranium deposits, accounting for more than 30% of global primary uranium supply. Eastern Athabasca Basin; ESO Uranium has acquired 100% interest in claims covering more than 450,000 acres adjacent to claims controlled by COGEMA. The Eastern Athabasca Basin hosts the worlds’ largest and richest uranium deposits including the operating McArthur River Mine with reserves of 400 million lbs U3O8 grading 24.7% U3O8 and Cigar Lake Mine containing 170 million lbs U3O8 with an average grade of 19% U3O8. ESO-Uranium's Cluff project has a previous (1979) drill hole grading 0.85% U308 over 2.5 metres and numerous uranium mineralized boulders grading up to 19.3% U3O8. . ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ THE COMING URANIUM MELTUP - from KitCo James Dines is signaling a Major bull market in uranium. He has introduced The Dines Uranium Average (DIURANIA) which clearly demonstrates the raging bull market going on that is, for reasons based on Mass Psychology, totally "invisible" to The Herd. The long-term DIURANIA chart will be one more of many features in the upcoming Annual Forecast Issue published by Dines. "Turning from Visual Analysis to Fundamentals, they are also wildly bullish. The truth about "The Coming Uranium Meltup" is very simply that global uranium use - even excluding growing usage by China and the former Soviet Union - is running at around 155-million pounds a year, as compared with global production of only 94-million pounds! According to Cameco's CEO Jerry Grandey, "There are no additional pockets of supply out there that are going to surprise people," and estimated prices would have to soar to about $22.50 a pound to spur exploration and development. Even then it would take years for uranium to arrive at the marketplace. The uranium bull market is a "Special Situation," and the rest of the world's financial press is dozing at their sports. "After August 14, 2003's shocking blackout in Canada and America, utilities were shaken and realized that when they don't pay attention the lights really go out. That washout was a kick in the shins that awakened utilities to begin immediate investment in long-neglected infrastructure of the electricity grid, news of which has been disseminated widely already. "But what has been completely under the world's radar is that nuclear plants are concerned about a shortage of uranium, because when they run out of uranium the lights likewise go out. If you were running a nuclear facility, you would have to be out of your mind not to be concerned about nailing down future supply, is that not the case? There's no switching to any other fuel, no tossing another log on the fire, so to speak. "The time to position yourself for "The Coming Uranium Buying Panic" is immediately. There will be Consolidations and setbacks, as there have been all the way up, but the Major trend looks up to us." ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONTACT INFORMATION Head Office: 408-1199 W. PENDER ST. VANCOUVER British Columbia CANADA, V6E 2R1 Phone: [phone] Fax: [phone] WEB HOME PAGE https://www.esouranium.com/s/Home.asp Toll Free: 1-866-629-8368 For corporate communications please contact: Tom Corcoran Phone: [phone] Email: [e-mail] MANAGEMENT Jonathan George, BSc. Geol Position: CEO, President & Director Since graduating from Western Washington University in1981, Jon has been actively involved in numerous early stage exploration projects throughout Canada, US, Mexico, and South America. For the past four years he has been integral in the generation of numerous projects in Northwest China. Mr. George has extensive experience in junior capital markets and has held senior positions with publicly traded companies over the past twenty years. Robert Beckett, BA Geol Position: Exploration Manager Mr. Beckett graduated from Oxford University with a BA honours degree in Geology and has over thirty years of successful mineral exploration, development, and mine operations experience. As the district Geologist for Esso Minerals he was responsible for the Yukon, NWT, Northern B.C., and Saskatchewan; and as the District Geologist for SMDC was in charge of the northern half of the Athabasca Basin. As well, Rob was the exploration manager at Midwest Lake, and project manager of the Port Radium Mine. Mr. Beckett is a member of the Association of Professional Engineers and Geoscientists of British Columbia. Benjamin Ainsworth, MA, PEng Position: VP Exploration & Director Mr. Ainsworth is a senior Geologist and mining consultant who has been involved in the mining industry for over thirty-five years. He graduated in 1963 with an honors degree in Geology from Oxford University in England. He joined Placer Development in 1965 and held positions of Senior Geologist, Chief Geochemist, Exploration Manager -- Eastern Canada, Exploration Manager -- Chile, and President -- Placer Chile, South America. Throughout the 70's, Mr. Ainsworth was involved in the design, budgeting and implementation of exploration programs that included large and small drill programs, geophysical surveys, geological mapping, geochemical surveys, and a full range of project evaluation studies. He is a registered Professional Engineer in the Province of British Colombia and is a Canadian citizen by naturalization. Larry Whitehead, MBA Position: CFO & Director Mr. Whitehead is a senior executive with a diversified background in general management, banking, corporate finance, and venture capital investing. Mr. Whitehead was employed by Citibank Canada for ten years as Western Regional Manager and also founded and served as General Partner of a technology based venture capital firm with approximately $120 million in assets under management. He has operated as an independent corporate finance consultant raising significant amounts of capital for both public as well as private ventures and is currently CFO and Director of ESO Uranium Corp. Mr. Whithead graduated from the University of Washington in 1992 with a Master of Business Administration degree. James Yates Position: Director Mr. Yates has over twenty years experience in the mineral exploration industry and has served as a director and officer of several public mining companies. From 1982 to 1988 he was the Founder, President, and Director of Hycroft Resources who successfully brought the Crofoot Mine into production, a gold heap leach operation with annual production of 100,000 ounces of gold. Mr. Yates has overseen the corporate management and financing of a number of projects in North America including American Bullion Minerals, Zappa Resources, and Jersey Goldfields, having raised in excess of $20million for mineral exploration development. Peter Christopher, PhD, P.Eng Position: Director Dr. Peter Christopher received his PhD in Geology from the University of British Colombia in 1973, and has worked continuously in the mineral exploration industry since that time. Peter has been engaged in the evaluation and exploration of projects throughout Canada, U.S., Central and South America, and since 1981 has written more than two hundred engineering reports. Dr. Christopher is a member of the professional engineers of B.C., the Geological association of Canada, and serves on the advisory Board of the B.C. -- Yukon Chamber of Mines. Edward Marlow, LLB, MBA Position: Director Edward Marlow is a Director of the Anglo Dutch Merchant Bank, Insigner De Beaufort. He previously worked in asset management for UBS and Citigroup. A former British Army Officer with considerable operational experience and a graduate of the US Army Command and General Staff College. Mr. Marlow has an MBA from Cranfield University and is also a non-executive Director of Aim Listed Award International. Anthony Harvey Position: Advisor Mr. Harvey, President and Founder of ARH Management Ltd., a management and consulting company to the resource industry, has over 40 yrs of mining consulting experience on numerous projects. He was formerly with Wright Engineers Ltd.- Fluor Daniels in senior management positions that involved the design and construction of 14 mines world wide with capital costs ranging up to $150 million. Mr. Harvey was a Founder, Director, and senior executive of Azco Mining Inc., a resource company formed in 1988 and trading on each of the Toronto Stock Exchange and the American Stock Exchange. He was also a director of Cobre del Mayo, a Mexican mining company formed in partnership with Phelps Dodge Corp. Mr. Harvey has first hand experience with a wide range of technical, commercial, corporate, and associated public company activities with considerable interface around the world with governments, financial institutions and the media. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ IMPORTANT LINKS INFOMINE https://www.infomine.com/news/releases/welcome.asp?cid=24901 RELATED ARTICLES Thu Sep 15, 2005 Saskatchewan's Uranium: a New Beginning for Nuclear Power Publisher: North American Mining File: https://www.esouranium.com/i/pdf/eso021.pdf 115 KB, approx. 22 seconds at 56.6Kbps ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SHARE STRUCTURE AS OF Fri Sep 23, 2005 Shares issued 17,085,000 Warrants 795,000 at $0.15 6,815,000 at $0.20 Options 150,000 at $0.15 975,000 at $0.26 450,000 at $0.50 Fully diluted 26,270,000 Market Cap $18,389,000 Current Share Price $0.65 - $0.70 52 Week High-Low $0.10 - $0.76 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ESO Corp FILINGS & PUBLIC DOCUMENTS with SEDAR . https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00015068 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ MEDIA PRESENTATION with the PRESIDENT https://www.esouranium.com/i/misc/ESOcip1.mp3 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NEWS RELEASES February 7, 2006 ESO Uranium Prepares to Drill on Mikwam Gold Project, Ontario ESO Uranium Corp. announces that it has started construction of a field camp and road access for a 10-12 hole diamond drill program on its 100% owned Mikwam gold project in Ontario. The property covers approximately 11,500 acres along the western extension of the Casa Berardi Deformation Zone located near the Quebec/Ontario border in Noseworthy and Bradette Townships. The Casa Berardi Deformation Zone is host to the Casa Berardi gold mine that Aurizon is currently equipping for production in Quebec. Recently, access in the area of the Mikwam claims has been substantially improved by intensive logging activity. Falconbridge-Noranda in joint venture with Eastmain Gold Mines has been actively exploring their holdings on the north and south sides of the Mikwam block. More than $8 million dollars in exploration has been spent from 1981 to the present on the Mikwam claims, principally by Newmont Canada Ltd. and Royal Oak Mines Ltd. The main target of the Company's current work program is gold veining within a strongly folded iron formation. The work by Royal Oak had identified a historical gold resource in this gold veining area, identified as the A8 3200 zone. K. Jensen wrote in his NI 43 101 compliant Technical Review of the Mikwam Property, dated September 29, 2003 (the "Report"): "In an internal report H.Miree noted that the area of the A8 3200 was insufficiently delineated to determine a proven or probable ore reserve calc ulation. The report indicated that a "geologically inferred resource estimated for this zone is 1,505,000 tonnes (1,657,740 tons) grading 3.21 g/t (0.094 oz/ton), thus the contained gold totals 155,857 oz. This estimate has not been recalculated by the writer and is considered as "exploration information" only and not a "resource" in the terms required by NI 43 101." The Report was prepared for the Company and may be available for review on SEDAR (www.sedar.com). These tonnage and grade figures do not comply with the definitions contained in NI 43-101, therefore readers should use caution when considering such figures and should not place undue influence upon them. Part of the objective of the current program will be to check the grade and continuity of mineralization between drill holes used by Royal Oak in their A8 3200 zone estimate. Drill holes proposed by Royal Oak as a next phase of drilling in that zone will be completed to test an apparent improvement in tenor and thickness of the gold mineralization to depth. In addition to the work outlined above, ESO is planning to drill test an area where several strongly anomalous basal till samples, collected by Newmont, were located in the Tadpole Lake area, approximately 6 kilometers west of the A8 3200 zone. Heavy mineral concentrates from basal till samples returned gold values of 10 to 54 g/t at 5 locations along a zone more than 1.5 kms long on the west side of the lake and no bedrock source has been located to date. Previous drilling in the area had all been done in a north south direction and the proposed work will include an initial test with 4 angle holes with an east west azimuth on the north (up ice) side of the highest basal till values. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ January 31, 2006 Drilling to Commence on ESO Uranium's Cluff Project in the Athabasca Basin ESO:TSX-V announces that exploration is now underway on its western Athabasca Basin uranium project in northern Saskatchewan. Cluff Project The winter program will initially focus on the Cluff Project where six drill holes averaging 200-300 meters deep will test the "Gorilla Lake" zone. Previous exploration in this area in 1979 encountered an intercept grading 0.85% U308 over 2.3 meters in hole CAR 425 (see map). Road clearing and site preparation is underway with camp and crew arriving by the end of the week. Drilling is planned to start the following week. The claims underlying the Gorilla Lake zone, totaling approximately 18,000 acres, are the subject of a 50/50 joint venture between the Company and Logan Resources Ltd. (TSX-V: LGR) The Cluff Project covers over 160,000 acres in the western Athabasca Basin and surrounds the former producing Cluff Lake mine which produced approximately 65 million lbs of U308 during its lifetime. The project is located approximately 11 kms northwest of the Shea Creek project currently being developed by UEX/COGEMA, who reported an intersect of 27.4% U308 over 8.8 metres on July 13, 2005. ESO's recently flown Megatem geophysical survey has confirmed that conductors associated with the Shea Creek discovery extend onto the Company's claims. The Cluff Project is considered to be a highly prospective target for the discovery of a commercially viable uranium deposit as evidenced by the presence of U308 in a previous drill hole, the occurrence of uraniferous surface boulders containing up to 19.3% U308, its proximity to the Cluff Lake Mine and the Shea Creek discovery. A detailed review of the structure of the Gorilla Lake zone has been interpreted by ESO's technical team as being near vertical and it is believed that past drilling, which was all vertical, could have missed larger uraniferous zones. By drilling angled holes ESO's objective is to obtain wider, more representative uranium bearing intercepts. Upon completion each drill hole will be probed for its radioactive content and the core logged, sampled and submitted for geochemical analysis. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Tue Jan 3, 2006 ESO Uranium Completes $4.7 Million Flow-Through Financing ESO Uranium Corp. announced that on December 30, 2005, it completed the final tranche of an offering in which a total of 5,231,886 flow-through units (the "Offering") were issued at a price of $0.90 per unit. Each unit (a "Unit") consisted of one flow-through common share and one share purchase warrant. Two warrants entitle the holder to purchase one non-flow-through common share at a price of $1.50 for a period of 18 months from closing. The Offering was non-brokered, however the Company paid a 7% finders fee with respect to certain subscriptions from general working capital, and has issued 51,196 Finders Warrants. Each Finders Warrant entitles the holder to acquire one non-flow-through common share at a price of $1.50 for a period of 18 months from closing. The proceeds of the Offering will be used to incur qualifying exploration expenses on the Company's uranium properties located in the Athabasca Basin in northern Saskatchewan and its Mikwam gold property located in northern Ontario. All securities issued in connection with the offering are subject to a four month hold period. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Mon Dec 12, 2005 ESO Uranium Announces Flow-Through Financing ESO Uranium Corp. (ESO:TSX-V) ("the Company") announces that it is proceeding with an offering of up to 5,000,000 flow-through units (the "Offering"), at a price of $0.90 per Unit with each unit (a "Unit") consisting of one flow-through common share and one share purchase warrant. Two warrants will entitle the holder to purchase one non-flowthrough common share at a price of $1.50 for a period of 18 months from closing. The Offering will be made on a non-brokered basis, however the Company may, in appropriate circumstances, pay up to a 7% finders fee in cash or shares, and issue warrants equal to 7% of the number of Units sold (the "Finders Warrants"). Two Finders Warrants will entitle the holder to acquire one non-flow-through common share at a price of $1.50 for a period of 18 months from closing. The proceeds of the Offering will be used to incur qualifying exploration expenses on the Company's mineral properties located in northern Saskatchewan and northern Ontario. The services of a drilling contractor have been secured and drilling on the Mikwam properties and the Athabasca Basin properties should commence early 2006. The Offering is subject to the acceptance of the TSX Venture Exchange, and all securities issued in connection with the offering will be subject to a four month hold period ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Wed Dec 7, 2005 Mikwam Exploration Program to Commence Early 2006 ESO Uranium Corp. (ESO or "the Company") ESO:TSX-V has announced that it has received the final report of an airborne geophysical survey carried out on its Mikwam Gold project on the Casa Berardi Deformation Zone, south of the Detour Lake area in northeastern Ontario. Utilizing Aeroquest's Aerotem II system, 144 line km were flown on a 100m line spacing to follow up on existing data and provide more detailed coverage for targeting a drill program in a key area of the project. The report concludes that the strongest EM anomalies occur in the north central and north western portion of the survey area and tend to be continuous. Several of the more conductive anomalies are of shorter strike length and are considered to be high priority for drill testing. The 100% owned Mikwam claims cover an area of approximately 11,491 acres over the Casa Berardi Deformation zone. This zone extends westward from the Casa Berardi gold project of Aurizon Mines in Quebec, approximately 25 miles (40 kms) to the Mikwam project. The Casa Berardi Project is being readied for production in November 2006, following a successful $28 million financing. The Mikwam project has been the subject of exploration expenditures of more than $11 million by past operators including Newmont, Rio Tinto, and Noranda. To date, the best defined and most continuous zone of alteration and gold mineralization is referred to as the A8 Domain. An internal report for Highwood Resources, dated February 2, 2000 (prior to the institution of NI 43-101), stated that a geologically inferred resource for this zone was estimated at 1,504,300 tonnes grading 3.2 g/t (155,827 oz). As stated in the qualifying NI 43-101 Technical Review of the Mikwam Property, by K.A. Jensen & Associates Ltd. dated Sept. 29th, 2003, for the Company. "This estimate has not been recalculated by the writer and is considered exploration information only and not a resource in the terms required by NI 43-101". Previous drilling by Newmont in the A8 Zone, which is open to depth and along strike, returned drill intersections which included the following assays: Drill Core Grade Hole # length m g/t 97-19 28.70 2.01 94-12 16.27 3.08 94-10 12.30 4.19 92-1 7.20 5.62 The Company's drill program is scheduled to commence in early 2006, and will focus on testing the A8 Zone at depth and along strike. Additional new targets recommended by the Aerotem survey will be also be tested. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Wednesday Nov. 02, 2005 ESO Uranium Doubles its Athabasca Basin Land Position and completes airborne Megatem II and Aerotem surveys ESO Uranium Corporation (“the Company”) ESO-TSX.V announces that it has more than doubled its land position in the Athabasca Basin of Saskatchewan with the acquisition of a 100% interest in additional exploration mineral claims covering over 450,000 acres adjacent to claims controlled by Cogema. The new claims located in the eastern part of the Basin bring the total area the Company has under exploration to over 800,000 acres. The eastern Athabasca Basin hosts the world’s largest and richest uranium deposits including the operating McArthur River Mine with reserves of 400 million lbs U3O8 grading 24.7% U3O8 and Cigar Lake containing 170 million lbs U3O8 with an average grade of 19% U3O8. The terms of the agreement call for the payment of $150,000 plus the issuance of 1,000,000 common shares in the capital of the Company. The agreement is also subject to a 2.0% net smelter royalty in favor of the vendors plus payment of mineral claim staking expenses. The agreement covering the acquisition of these additional claims is subject to acceptance by the TSX Venture Exchange. On the Company’s three western Athabasca projects, covering over 360,000 acres, airborne geophysical surveys including fixed wing Megatem II and helicopter borne Aerotem surveys have been completed. The Megatem II survey was carried out on the Cluff project, where conductors have been interpreted as extensions of those related to the Shea Creek uranium deposit being developed by UEX/COGEMA located 11 kms to the southwest. Over 2,000 line kms were flown and interpretation is ongoing. A helicopter borne Aerotem geophysical survey consisting of 2350 line kms flown on 300 meter spacing’s has been completed on the Hook and Mandin projects located approximately 15 kms south of Shea Creek. The primary purpose of the Aerotem survey was to precisely define known conductors for follow-up drill testing. Previous airborne geophysical surveys undertaken by past operators outlined more than 75 kms of conductors which were subsequently followed up with only 6 drill holes. After assessing this newly acquired data the Company’s technical team will design drill programs to commence this winter. The Company advises that it has retained Tom Corcoran of Nanaimo BC, to provide investor relations services to the Company. Mr. Corcoran possesses considerable experience in the financial services business. The agreement with Mr. Corcoran is for a twelve month period commencing October 1, 2005 and is subject to the acceptance by the TSX Venture Exchange. The Company also announces the grant of 300,000 options to certain officers, directors and consultants to the company. The options are exercisable at $0.76 for a period of five years from the date of the grant. Robert Beckett, BA Geology, is the Qualified Person who has approved the technical disclosure. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ . Tuesday Oct 18, 2005 ESO Completes Megatem II Airborne Geophysical Survey on the Athabasca Basin, Saskatchewan, and Closes Financing ESO:TSX-V announces that it has successfully completed a Megatem II airborne geophysical survey on it's Cluff Uranium Project located in the western Athabasca Basin, Saskatchewan. The survey, consisting of 2052 line kilometers flown at 400 metres spacings, was designed to clearly define known conductors which trend on to the 170,000 acre Cluff property from the neighboring Shea Creek Project being advanced by UEX/COGEMA where a drill intersection grading 5.4% U3O8 over 37.7 metres was recently reported. The Megatem II system with substantially advanced depth penetration capabilities was flown nearly perpendicular to previously known conductor axes and provides valuable new information on un-surveyed areas as well as a more refined definition of the basement structure at Cluff. As graphitic basement conductors are intimately associated with uranium deposits in the Athabasca Basin, this is considered one of the most valuable tools available to outline drill targets. An evaluation and interpretation of the Megatem II geophysical survey coupled with geochemical results will assist ESO's technical team to define further areas for drill testing. The company will commence its first phase of drilling later this year in the Gorilla Lake area of the Cluff property, where past operators encountered 0.85% U308 (not 8.5% as previously stated) over a 2.3 metre intercept in drill hole CAR 425. The company also announces that a geochemical ground survey will start this week and will consist of boulder sampling to outline areas of alteration which are also associated with uranium deposits. After collection, the boulders are analyzed for both their clay alteration products and uranium content. Three boulder fields with up to 19.3% U308 and 2.9 grams per tonne gold were identified by past operators on the Cluff project; however, their source has never been determined. The Company confirms that it has completed a non-brokered private placement consisting of the sale of 5,030,998 units at a price of C$0.45 per unit and has issued 5,030,998 common shares and 2,515,499 non-transferable share purchase warrants with each warrant exercisable at C$0.75 per share for 24 months. All securities are subject to a four month hold period, and the proceeds of $2,263,949.00 from the financing will be used to explore for uranium on the company's mineral properties located in the Athabasca Basin, Saskatchewan and for general working capital. Finder's fees consisting of 290,000 shares were issued in connection with the financing. With the closure of this financing the ESO Uranium treasury currently stands at approximately $2.7 million. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Tuesday Oct 04, 2005 ESO Uranium Corp Contracts Fugro Airborne For Megatem II Survey On Cluff Project ESO Uranium Corp. (ESO or the "company") ESO: TSX-V announces that it has entered into a contract with Fugro Airborne surveys to conduct a Megatem II airborne geophysical survey on the "Cluff Uranium Project" in the western Athabasca Basin, Saskatchewan. The survey will be conducted in conjunction with geochemical boulder sampling and will be utilized to define additional drill targets on the property. ESO has initially targeted an area for a winter drill program where, in 1979, a previous operator encountered 8.5% U3O8 over 2.3 meters in drill hole CAR 425. The announced exploration budget for 2005/2006 is $2 million. The survey is being flown to further define known conductors which extend onto ESO's Cluff Uranium Project. This project is adjacent to The Shea Creek Uranium discovery, where drilling by UEX/COGEMA on their northwest trending Saskatoon lake conductor, encountered 24.7% U3O8 over 8.8 meters. The Megatem II system has substantially greater power and depth penetration than systems used in the past and uses advanced data processing capable of defining conductor locations and conductivity parameters. The survey will fly nearly perpendicular to the known conductors axis, and will consist of 2,000 line kilometers flown on 400 meter line spacings. It will cover the Cluff basement structure which will provide information on areas associated with three groups of uranium mineralized boulders containing up to 19.3% U3O8 and 2.9 g/t gold. Following evaluation of the Megatem II survey, ground geophysical TDEM surveying will be undertaken to provide target selection for follow-up drilling. The Cluff project covers more than 169,000 acres and surrounds the past producing Cluff Lake Mine and is immediately north of the Shea Creek Project of UEX/COGEMA. ESO has varying interests in the Cluff project with partners Hathor Exploration (HAT:TSX-V), International KRL Resources Corp. (IRK:TSX-V) and Logan Resources Ltd. (LGR:TSX-V). For complete ownership details, please see our website at www.esouranium.com. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Mon September 26, 2005 ESO Uranium updates and advances Mikwam Gold Project - drill target selection underway with basal till sampling returning gold values up to 55.0 grams per ton ESO Uranium Corporation ("the Company") ESO-TSX.V announces that it has completed a state of the art airborne geophysical survey with AeroQuest as contractor, detailing a sector of the Mikwam Gold claims in Noseworthy Township, Ontario. These claims, which are part of an earlier acquisition by the Company, are located close to the Quebec border in northeastern Ontario, on the Casa Berardi structural deformation zone. The work on the Mikwam claims included high quality magnetic and electromagnetic surveys that will allow selection of drill targets in an area of gold mineralization that was being previously developed by Royal Oak Mines Ltd. The property was acquired from Beta Minerals, a company formed under the re-organization of the assets of Royal Oak. The claims cover an extensive elongated, four kilometers long, magnetic high that is reflecting an iron formation. Basal till sampling in the vicinity of this feature returned gold values of up to 55 g/t in heavy mineral separates, suggesting proximity to significant gold mineralization. Previous exploration by Newmont on the Mikwam property produced drill intersections containing up to 8.6 grams gold per ton over 2.3 meters in gold mineralized intervals, 25.2 meters wide within altered iron formations and basal till samples containing up to 54 grams of gold per ton in a sparsely drilled area in the western section of the property. The earlier work is described in a NI 43 101 report prepared for the Company which can be viewed under the heading Technical Reports on Sedar. Approximately 20 kms to the east of Mikwam and within the Casa Berardi deformation zone, Aurizon Mines Ltd has been conducting underground exploration on its gold property. Recent reported drill intersections indicate grades of 15.6 g/t gold over drill intersections of 26.9 meters and 14.1 g/t gold over 13.5 meters. Noranda-Falconbridge has acquired contiguous claims on the south side of the Mikwam project and recently completed a "Megatem"tm airborne geophysical survey over the area in joint venture with Eastmain Gold Ltd. The southern area of the Mikwam claims is a differentiated volcanic terrain and in the AeroQuest survey, shows several electromagnetic conductors flanking a magnetic high. This association is common in several massive sulphide camps where the deposits are associated with one or more basic intrusive bodies that may have some relationship with a heat pump mechanism that drove the original exhalative "black smoker" activity related to the development of mineralization. "Black Smokers" are deep submarine hot springs which discharge discrete particles of sulphide in water, forming the "Black Smoke", containing copper, lead, zinc and precious metals. The extensive Kidd Creek mine near Timmins is an example of this type of mineralization. Exploration activity near the Mikwam claims indicate growing interest in this type of mineral deposit search in the area. The Company is awaiting post survey processing of the AeroQuest data to allow for the planning of drill hole targets for gold bearing formations and for testing of possible massive sulphide targets on the southern area of the claim block. The Company is a junior resource issuer with a 100% interest in the Mikwam claims located in the Noseworthy Township of Ontario, subject to certain overriding royalties. The Mikwam claims are located in the western extension of the Casa Berardi Deformation Zone which is an area of historical gold and other precious metals mineralization. Ben Ainsworth, P.Eng is the Qualified Person responsible for this news release. Ben Ainsworth, Vice President, Exploration