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Uranium Participation Corporation (TSX:U) ("UPC") reports its estimated net
asset value at September 30, 2011 was CDN$770.4 million or CDN$7.17 per share.
As at September 30, 2011, UPC's investment portfolio consisted as follows:




----------------------------------------------------------------------------
(in thousands of Canadian                                                   
 dollars, except quantity                                                   
 amounts)                               Quantity         Cost  Market Value
----------------------------------------------------------------------------
                                                                            
Investments in Uranium:                                                     
  Uranium oxide in                                                          
   concentrates ("U3O8")           7,250,000 lbs $    342,495 $     395,431
  Uranium hexafluoride ("UF6")     2,374,230 KgU $    389,998 $     360,122
                                                                            
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                                                 $    732,493 $     755,553
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  U3O8 average cost and                                                     
   market value per pound:                                                  
    - In Canadian dollars                        $      47.24 $     54.54(1)
    - In United States dollars                   $      43.23 $       52.50
  UF6 average cost and                                                      
   market value per KgU:                                                    
    - In Canadian dollars                        $     164.26 $    151.68(1)
    - In United States dollars                   $     152.06 $      146.00
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(1)Converted at the September 30, 2011 exchange rate of $1.0389. 

In the month of September 2011, UPC repurchased 134,500 of its common shares at
a cost of CDN$762,000 under a normal course issuer bid.


About Uranium Participation Corporation 

Uranium Participation Corporation is an investment holding company which invests
substantially all of its assets in uranium oxide in concentrates (U3O8) and
uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment
objective of achieving appreciation in the value of its uranium holdings.
Additional information about Uranium Participation Corporation is available on
SEDAR at www.sedar.com and on Uranium Participation Corporation's website at
www.uraniumparticipation.com.
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