Generation Uranium discusses VGR Trend, a high priority target for high-grade Athabasca Basin style mineralization

The VGR trend spans over 5 kilometres along a reactivated basement fault and exhibits all the hallmarks of a world-class uranium system. The 2012 field season saw 15 Reverse Circulation (RC) holes drilled totaling 2,595 metres, with an average hole depth of 200 metres.

Seven of the 2012 RC drill holes returned elevated radioactivity, while historic surface prospecting gave readings up to 15,000 cps, with uranium assays up to 3.75% U?O?. Geological modelling and seismic data suggest the unconformity dips northwest and may lie at depths of 400 metres, meaning the basal unconformity-typically the most prospective zone for high-grade uranium-has yet to be intersected as prior drilling did not exceed 200m depth.

Generation believes diamond drilling is now warranted to fully evaluate the VGR Trend, and unlock the deeper potential of the unconformity zone. Drill permits have been submitted for the Yath project; the Company will provide updates as they are available.

Key geological and geophysical indicators include:

• Conductive fault zones with widespread surface mineralization

• Strong gravity anomalies linked to clay alteration

• Steeply-dipping carbonate/hematite veins hosting uranium and sulphide mineralization

• Radioactive boulders and structures traceable over 3 km

While the shotgun seismic reflection imaging completed by prior operators was moderately successful in identifying the unconformity at 400m, Generation will evaluate higher energy seismic reflection methods for deeper, higher resolution imaging of targets.

With seventeen exploration areas of interest currently identified across the Yath property, and growing evidence of a broader uranium system - the region is poised to emerge as Canada's next major uranium district.

"Every layer of data-from gravity surveys to seismic reflection and geochemical assays-points to the VGR trend as a high-priority target, one of many we intend to pursue" said Chris Huggins, Generation CEO. "We're standing on the cusp of a potentially district-scale uranium discovery."

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Figure 1: Yath Project - currently identified exploration target areas

The Company also announces that it has granted a total of 800,000 stock options to certain directors, officers and consultants of the company. Each option is exercisable to acquire one common share of the company at a price of $0.09 per share for a period of two years from the date of grant. The options are subject to the terms of the company's stock option plan and the policies of the TSX Venture Exchange.

Qualified Person

Derrick Strickland, is a non-independent and a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical information contained in this news release.

For Further Information

Chris Huggins, Chief Executive Officer

+1-604-968-4844

admin@generationuranium.com

About Generation Uranium

Generation Uranium is a Canadian resource exploration company with a focus on Uranium. The Company is advancing its 100-per-cent-owned Yath uranium project, strategically located in Nunavut's Angilak district, one of Canada's most active emerging uranium camps. With a robust pipeline of high-priority exploration targets and exposure to proven uranium-bearing corridors, Generation is well positioned to contribute to the future supply of clean nuclear energy.

REFERENCES

• Ward,J. ,Maynes, A., McNie, E.E., Forbes, A. And Stacey, J., 2012. Reporton 2010 and 2011 Exploration Activity on Kivalliq Energy Corporation's Angilak IOCGUranium Property, Keewatin District, Nunavut.Kivalliq Energy Corporation Assessment Report ,085851 69p.

• Ward, J., McNie,E. andForbes,A. ,2013. Report on 2012 Exploration Activity on Kivalliq Energy Corporation's Angilak Uranium Property, Keewatin District, Nunavut. Kivalliq Energy Corporation Assessment Report

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

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