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Yellowjacket Acquires Large Land Position Near Patterson Lake South Uranium Discovery

Yellowjacket Resources Ltd. (YJK.V) has entered into an agreement to acquire a large portfolio of mineral claims comprising approximately 329,500 acres in the Athabasca Basin region. The Athabasca Basin, located in Northern Saskatchewan, Canada, is one of the world's most important uranium producing districts, and accounts for approximately 20% of global primary uranium supply.

The new mineral claim portfolio includes five distinct claim groups and is expected to become a primary exploration focus for the Company.

Shares are up 3.5 cents (70%) from a near yr low to 8.5 cents mid- morning. Volume traded is 65,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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