More Encouraging Results from Midwest NorthEast Project

Hathor Exploration Limited (HAT–TSX.V) is pleased to announce the preliminary results from the last eight holes drilled on its Midwest NorthEast Project in the eastern Athabasca Basin of Saskatchewan.  These holes now complete the winter drilling program at the Project.  Since January, 2008, two diamond drills contracted from Boart Longyear Inc. have completed 29 NQ-sized diamond drill holes totalling 10,654 metres.  The successful program included the discovery of the Roughrider Zone in drill hole MWNE-08-12 which intersected uranium mineralization including 11.9 metres grading 5.29 per cent U₃O₈ ..

Preliminary scintillometer results for four of the holes are set out below.  Natural gamma emission radiation in drill core is measured in counts per second (cps) using an Exploranium GR-110G gamma-ray scintillometer. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. Because of the length of time before laboratory assay results are available, Hathor uses scintillometer readings as a reliable guide for its continuing drill program. As an example, off-scale scintillometer readings in hole MWNE-08-12 returned laboratory assay results grading as high as 40.20 per cent U₃O₈ over a 20-centimetre core interval.

Scintillometer results of greater than 999 cps are presented in the tables below.  Also, please refer to the appended map or at www.hathor.ca for scintillometer results relating to diamond drill holes in the vicinity of the Roughrider Zone.

Drill hole MWNE-08-22, collared from the same set-up as MWNE-08-20, was an angle hole drilled at – 73^O at an azimuth of 135^O to a total depth of 324metres.  Scintillometer results >999 cps are:

Drill hole MWNE-08-23, collared from the same set-up as MWNE-08-21,  was an angle hole drilled at – 77^O at an azimuth of 135^Oto a total depth of 354metres.  Scintillometer results >999 cps are:

Drill hole MWNE-08-24 was an angle hole drilled at – 71^O at an azimuth of 135^Oto a total depth of 342 metres.  Scintillometer results >999 cps are:

Drill hole MWNE-08-25 was an angle hole drilled at – 70^O at an azimuth of 135^Oto a total depth of 354metres.  This drill hole did not intersect any anomalous radioactivity.  However, from 185 to 229m, the drill hole intersected a zone of strong alteration (bleaching, argillization, desilicification, secondary hematite, limonite) and structure (locally up to 50% core loss) that are comparable to that seen in MWNE-08-10.  The drill core observations, coupled with the current understanding of the area, suggest that this drill hole may have overcut the mineralized structures that control the Roughrider Zone.

Drill hole MWNE-08-26, collared from the same set-up as MWNE-08-24, was an angle hole drilled at– 79^O at an azimuth of 135^Oto a total depth of 381metres.  Scintillometer results >999 cps are:

Drill hole MWNE-08-27, collared from the same set-up as MWNE-08-25, was an angle hole drilled at – 60^O at an azimuth of 135^Oto a total depth of 315metres.   This drill hole did not intersect any anomalous radioactivity.  However, from 142-164m and 240-257m, the drill hole intersected multiple brittle structures with up to 70% core loss locally.  The drill core observations, coupled with the current understanding of the area, suggest that this drill hole may have overcut the mineralized structures that control the Roughrider Zone.

Drill hole MWNE-08-28 was an angle hole drilled at – 70^O at an azimuth of 135^Oto a total depth of 318metres.  Scintillometer results >999 cps are:

Drill hole MWNE-08-29 was a vertical hole drilled approximately 1.5km from the Roughrider Zone,  to a total depth of 351metres.  This drill hole was designed to increase the geological knowledge in that area of the property.

The following is a summary of the holes drilled earlier in the winter drill program:

Diamond drill holes MWNE-08-01 to MWNE-08-10 did not intersect significantly elevated radioactivity (compared to background) in either the sandstone or basement ideologies. Three drill holes (MWNE-08-03, MWNE-08-05 and MWNE-08-11) intersected graphitic politic gneisses of the Wollaston Group, with variable graphite content.

Diamond drill holes MWNE-08-10 and MWNE-08-11 intersected strong alteration within the lower part of the sandstone column and at the unconformity.  The palaeoweathering profile in these holes has been overprinted or obliterated by the hydrothermal alteration.  Alteration styles include clay alteration/argillization and limonitization. Strong fracturing was observed in the core over intervals of up to 14 metres in MWNE-08-10.

Drill hole MWNE-08-11 intersected a 20 cm thick fault zone with elevated radioactivity, ranging from 800 to 1200 cps at 220.9m, compared to a background of 100-200 cps.

Drill hole MWNE-08-12, the Roughrider Zone discovery hole, was discussed in Hathor News Releases dated Feb. 26^th and March 3^rd, 2008.

Drill hole MWNE-08-13 was a vertical hole drilled to a total depth of 417metres.   This drill hole intersected two major graphitic zones of thrust faulting, up to 5m in wide, within the basement rocks, in which the Archean rocks were overthrust upon the Wollaston Group rocks.  

Drill hole MWNE-08-14 was an angle hole drilled at – 75^O at an azimuth of N315^OE to a total depth of 388metres.    While no mineralization was intersected in this hole, current understanding of the area suggests that this drill hole undercut the mineralization within the Roughrider Zone.

Drill hole MWNE-08-15which tested a seismic structural target ca.200m to the south of the Roughrider Zone, was a vertical hole drilled to a total depth of 363 metres.  This drill hole did not intersect any anomalous radioactivity.

Drill holes MWNE-08-16 to MWNE-08-21 have been discussed in a Hathor News Release dated March 25^th, 2008.  Assay results are pending.

Since March of 2007, Hathor and joint venture partners have completed diamond drill programs totalling 33,060 metres of drilling in 101 holes in the Athabasca Basin of northern Saskatchewan. 

Mr. Stephen Stanley, President of Hathor, remarked: “The amount of drilling that we have completed in the last year clearly establishes Hathor as one of the most aggressive junior explorers in the Athabasca Basin.  We believe that the combination of: our large land package that covers the key uranium-hosting geology of the eastern Athabasca; significant exploration funding; our excellent geological team that applies innovative, state-of-the-art exploration techniques; and, this winter, having excellent drill crews, resulted in the discovery of the Roughrider Zone – possibly the best discovery by a junior in the last twenty years.”

Drill core samples from the uranium mineralized sections of core have been submitted for analyses to the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC), with facilities operating in accordance with ISO/IEC 17025:2005 (CAN-P-4E) general requirements for the competence of mineral testing and calibration laboratories. Chemical results will be released when received.

Holes 24and 26were collared on a fractional claim recently staked by Hathor.  Subsequent field examination by the Government of Saskatchewan’s claim inspector determined that the drill collars of these angle holes are in fact on ground held by Fission Energy Corp.  As an act of good faith to its neighbour, Hathor will make the core drilled on this ground available to Fission.

Hathor's 90-per-cent-owned Midwest Northeast project is located in northern Saskatchewan's Athabasca basin, immediately adjacent to the Midwest property of AREVA Resources Canada Inc., Denison Mines Corp. and OURD Canada Co. Ltd. There, subject to regulatory approvals, mine site construction is slated to begin in mid-2009 and open pit mining of a shallow orebody that grades 5.47 per cent uranium oxide is planned for early 2010. Terra Ventures Inc. owns a 10-per-cent production carried interest in the Midwest Northeast property.

Benjamin Ainsworth, P.Eng., a director of the company and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

Hathor continues to aggressively advance its portfolio Athabasca region uranium exploration projects. This area accounts for approximately 25% of the world's annual mine production of uranium. All of this production comes from unconformity-style uranium ore deposits, the highest-grade uranium ore deposits in the world.

For more information on Hathor, please visit the company's website: www.hathor.ca or contact Tony Nunziata  at 1-403-560-7040.

Hathor Exploration Limited

Stephen G. Stanley, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Cheers,

Natasha Dutra, Office Manager

Hathor Exploration Limited

Suite 1910 - 925 West Georgia St.

Vancouver, BC V6C 3L2

T 604-684-6707

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www.hathor.ca