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TIGRIS URANIUM ACCELERATES URANIUM PROGRAM; APPOINTS MR. JOE HARRINGTON TO ADVISORY BOARD

December 6, 2010

TSX.V: TU
www.tigrisuranium.com

VANCOUVER, Dec. 6 /PRNewswire-FirstCall/ – Tigris Uranium Corp. (TSX.V: TU) (“Tigris” or the” Company”) announces it is accelerating its property
review and acquisition program as a result of the recent landmark U. S.
Supreme Court rulings which laid the groundwork for the resumption of
uranium activities in New Mexico. 

New Mexico has been the most prolific historic uranium producer in the
United States
, and is well-known for some of the country’s largest and
higher grade deposits.  Tigris is reviewing the extensive data at its
disposal in preparation for a contemplated 2011 exploration program on
its 127,297 acre (51,515 hectare) private mineral rights holding in
northwest New Mexico.  This extensive mineral right holding is in
addition to the Company’s existing New Mexico projects which contain a
total Indicated Resource of 34.474 million pounds of eU(3)O(8 )at an average grade of 0.0949% eU(3)O(8) (Dauntless Capital Corp. News Release, 15 June 2010) as follows:

  Million Tons      Grade % eU(3)O(8)   Contained eU(3)O(8 )Million Pounds*
Crownpoint Section 19      2.80 0.1006 5.634
Crownpoint Section 29 4.26 0.0943 8.038
Crownpoint Section 24 2.85 0.1041 5.980
Hosta Butte 6.60 0.1123 14.822
TOTAL 16.51 0.0949 34.474

*Myers, 2010

  • Crownpoint Section 24 Property (60% interest in 140 ac or 56.66 ha); the
    60% interest represents 2.85 million pounds of eU3O8 in 5.980 million tons. This resource estimate is based on 316,750
    ft of drilling in 157 holes drilled by Conoco during the 1970s.
    Metallurgical testing by Conoco demonstrated that the Crownpoint
    Section 24 Property deposit is amenable to ISL mining.

  • Crownpoint Section 19/29 Property (100% interest in 960 ac or 388.5 ha);
    this resource estimate is based on a minimum of 667,000 ft of drilling
    in 325 holes drilled by Conoco during the 1970s. Metallurgical testing
    by Hydro Resources Inc. (Subsidiary of Uranium Resources URRE-NASDAQ)
    demonstrated that the Crownpoint Section 19/29 Property deposit is
    amenable to ISL mining.

  • Hosta Butte Deposit (100% interest in 1920 ac or 777 ha); this resource
    estimate is based on 325,285 ft of drilling in 133 holes drilled by
    Conoco during the 1970s. Metallurgical testing by Conoco demonstrated
    that the Hosta Butte Property deposit is amenable to ISL mining.

Notes: Radiometric logging of the drill holes was completed by Conoco,
and the logs were examined by Greg Myers.  Natural gamma
(counts/second, or cps), self potential (millivolts), and resistance
(ohms) were recorded at 1/2 foot increments on magnetic tape and then
processed by computer to graphically reproducible form.  The eU(3)O(8) % conversions from the gamma log data were calculated using the raw
natural gamma counts multiplied by the K-factor times 2 (eU(3)O(8) % = (gamma cps) x (K-factor x 10-5) x (2)).  A typical K-factor
reported on a Hosta Butte log is 2.45 and the 10-5 factor is not
included on the log header, therefore the corrected K factor would be
0.0000245.

Technical Advisory Board Appointment

The Company is also pleased to announce the appointment of Mr. Joe
Harrington
to the Company’s Technical Advisory Board, joining Mr. Steve
Morzenti
.  The Technical Advisory Board’s mandate is to provide
expertise to the Company’s senior management in operational matters
related to uranium geology, property acquisitions, permitting,
production and reclamation.

“I welcome the opportunity to be working with Joe once again as we
continue to build an elite technical team with broad uranium
experience,” said William M. Sheriff, Chairman. “Joe brings a wealth of
technical knowledge and experience with uranium specific reclamation
and remediation to Tigris Uranium.”

Mr. Joseph Harrington

Mr. Harrington was the CEO/founder of Green World Science, and the
patent inventor of the heavy metals immobilization treatment technology
now owned by Alexco Resource Corp. Mr. Harrington also served as Vice
President of the mining and metals business for ARCADIS, conducted
research and development for controlled release fertilizers, fuel
ethanol, phosphate mineral processing and bioremediation technologies
for the J.R. Simplot Company. Mr. Harrington previously served on the
advisory board of Energy Metals Corporation and is currently the Vice
President of Technology and Strategic Development at Alexco Resources
Group. At Green World Science Inc., Mr. Harrington implemented the
treatment of the Sweetwater Uranium Pit Lake for Kennecott Uranium
Company, part of the Rio Tinto Group. This treatment program resulted
in the non-coal award for Excellence in Reclamation for 2001 by the
State of Wyoming, and attained stringent targets for restoration of the
lake water quality including the surrounding aquifer. The in-situ
treatment approach is applicable to restoration of ISL aquifers as well
as water quality in underground mine pools, beneath tailings
impoundments and for addressing impacts on water quality from the
location of waste rock disposal areas. Mr. Harrington graduated summa
cum laude from the University of Idaho in 1996 with majors in Chemistry
and Microbiology and completed his graduate work at the University of
Idaho
in 1998 in Metallurgical Engineering.

The technical content of this news release has been reviewed and
approved by Tigris’ Chief Geologist Douglas Underhill, PhD, MSc, MBA a Qualified Person as defined by National Instrument
43-101.

About Tigris Uranium Corp.

Tigris Uranium Corp. has assembled an elite staff and technical team
with considerable experience in the uranium sector and is committed to
providing shareholders with exceptional leverage to rising uranium
prices through the acquisition of established resources.  Tigris will
achieve this through four value-enhancing strategies: acquisition of
uranium projects with established resources in stable mining
jurisdictions such as the United States and Canada; conducting
geological and engineering work likely to expand resources, upgrade
resources to reserves and improve recoverability; advancing existing
resources into and through the permitting process to accelerate the
potential uranium production timeline; and selling or partnering
projects, when they reach the production stage, to limit risk and share
dilution.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

This press release contains projections and forward-looking information
that involve various risks and uncertainties regarding future events.
Such forward-looking information can include without limitation
statements based on current expectations involving a number of risks
and uncertainties and are not guarantees of future performance. There
are numerous risks and uncertainties that could cause actual results
and Tigris Uranium Corp’s plans and objectives to differ materially
from those expressed in the forward-looking information. Actual results
and future events could differ materially from those anticipated in
such information. These and all subsequent written and oral
forward-looking information are based on estimates and opinions of
management on the dates they are made and are expressly qualified in
their entirety by this notice. Except as required by law, Tigris
Uranium Corp. assumes no obligation to update forward-looking
information should circumstances or management’s estimates or opinions
change.

SOURCE Tigris Uranium Corp.


Source: newswire



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