Independent Geophysical Report Validates Significant Uranium Targets at
Oklo’s Narnoo Uranium Project, Western Australia

Highlights:

• Southern Geoscience Consultants (SGC) processing and interpretation of Narnoo radiometric and aeromagnetic data has confirmed the exploration significance of three major anomalies, Lightfoot, Lightfoot South and Lake Minigwal South;

• The SGC report also identifies several additional targets within the Narnoo Project area;

• The Lightfoot South and Lightfoot anomalies bear technical comparison with other “Playa Lake” style uranium deposits such as Hinkler’s Well and Centipede (Lake Way) and the Lake Raeside and Lake Maitland uranium prospects;

• Oklo is currently satisfying all statutory requirements ahead of undertaking an extensive drilling programme scheduled to commence early in 2008.

• This independent interpretation of the survey data has further strengthened Oklo’s confidence that the Narnoo property is highly prospective for significant uranium deposits.

Australian based uranium company Oklo Uranium Limited (“Oklo” ASX: OKU) advises that following a review of radiometric data by independent consultants Southern Geoscience Consultants (SGC), the exploration significance of three major uranium targets has been confirmed. In addition, the analysis by SGC has uncovered a number of additional uranium targets within its Narnoo Project in Western Australia.

The data used for the study was from Oklo’s proprietary magnetics-radiometrics-digital terrain survey, which was conducted in June 2007. Following the completion of the survey, three large uranium targets were identified from the initial in-house analysis and announced to the market in July 2007.

From the SGC interpretation of the data, these anomalies have been prioritized and substantiated as genuine targets. Additional highly prospective anomalies in the area have also been identified by SGC.

More details on the interpretation of the report are available in the attached ASX announcement which was lodged by the company today.
Download the full ASX Announcement by clicking here.