Hathor Exploration Reports Final Chemical Assay Results from Midwest Northeast Property

Hathor Exploration Limited (TSX VENTURE:HAT) has provided the final chemical assays for its 2010 summer drill program on it's Midwest Northeast Property, Athabasca Basin, Saskatchewan.

Key results include:

• High grade intersections at Roughrider East which extend the strike length of deposit to 160 m, including a high grade core over 100 metres.
• The Roughrider deposit itself has been bolstered by new mineralization intersected outside the extents of the recently upgraded resource of 28 Mlbs U₃O₈ including 24 M lbs at 11.7% U₃O₈ average grade (see News Release dated Nov. 30, 2010). The extension is not material.

Roughrider East was not included in the recent resource update for the Roughrider deposit itself, and it represents significant upside potential for the overall resource of the Midwest North East property.

Aggressive delineation drilling will continue this winter, on the heels of two of the largest drill programs completed in the Athabasca last year (44,370 metres drilled in 129 holes). Drilling this winter will focus on in-fill and extension drilling at Roughrider East, and follow-up drilling of alteration intersected to the northeast of Roughrider, and south of Roughrider East, along a 700 m resistivity anomaly.

New Results from Roughrider Deposit

Only 19 of 52 drill holes in the 2010 summer program were completed on the Roughrider deposit itself. Objectives included closing off mineral zones on some lines, and in-fill drilling of mineralization outlined by widely spaced holes on other lines. Highlights are shown below.

Line 50 East
MWNE-10-230: 0.24% U₃O₈ over 12.0 mincluding: 1.23% U₃O₈ over 3.0 mLine 20 EMWNE-10-220: 3.91% U₃O₈ over 7.5 mLine 0 EMWNE-10-227A: 1.23% U₃O₈ over 15.0 mLine 10 EMWNE-10-240: 1.62% U₃O₈ over 13.0 m

Drilling from the 2010 summer program was not included in the updated mineral resource estimate for the Roughrider deposit (see News Release dated Nov. 30, 2010). Results from the summer 2010 drill holes do not produce a material change, positive or negative, to the overall estimate of 28 M lbs.

Midwest Northeast Property

Terra Ventures Inc. owns a qualified 10% interest in the Property, carried to the completion of a positive feasibility study on the Roughrider Deposit.

Alistair McCready, Ph.D., P.Geo., Hathor's Exploration Manager with responsibility for all of Hathor's exploration in Saskatchewan, and Michael Gunning, Ph.D., P.Geo, Hathor's Chief Operating Officer, are Qualified Persons as defined by National Instrument 43-101 and have reviewed and approved the technical disclosure contained in this news release.

Source: Hathor Exploration Limited