Hathor Intersects 28 m of 12.71% U3O8 with Assays Up To 82% U3O8 Located 200 Metres from Roughrider Zone

VANCOUVER, BRITISH COLUMBIA, Nov 12 (MARKET WIRE) --
Hathor Exploration Limited (HAT: TSX-V) is pleased to announce U3O8
results from the 2009 summer drill program, including the
newly-discovered mineralization located 200 metres away from the current
resource estimate, at its 90%-owned Midwest NorthEast property, northern
Saskatchewan.

Of particular significance are results from drill hole MWNE-09-170, which
intersected high grade mineralization approximately 200 m northeastwards
from the Roughrider Zone (RRZ), as defined by the resource estimate (see
Hathor news release of 5th November 2009). The high-grade uranium
mineralization in this drill hole occurs within a broader (135.5 m)
mineralized core intersection. It comprises two distinct high-grade core
intersection intervals of 10.0 m and 8.0 m of 13.44% and 27.66% U3O8
respectively (Table 1), separated by a 10.0 m core intersection with an
average of grade of less than 0.05% U3O8 (cut-off grade). In a mining
scenario, where the two mineralized zones and the zone of internal
dilution are extracted together, this equates to an average grade of
12.71% U3O8 over the core-length of 28 m.

Table 1. Summary assay data for high grade mineralization in drill hole
MWNE-09-170
--------------------------------------------------------------------------
Max.
From To Interval Grade Grade GT
DDH (m) (m) (m) (U3O8 %) (U3O8 %) (ii)
--------------------------------------------------------------------------

MWNE-09-170 302.5 312.5 10.0 13.44 55.30 134.44
Includes 309.5 311.5 2.0 44.03

MWNE-09-170 322.5 330.5 8.0 27.66 81.90 221.25
Includes 326.5 329 2.5 71.56
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(i) All intersections are down-hole, core-length intervals and true
thickness of mineralization is yet to be determined.
(ii) "GT" or "Grade x Thickness" is the product of the Interval and the
U3O8 Mineralized Grade for that Interval.

Dr. Alistair McCready, Hathor's Senior Project Geologist, said: "It's
exceptionally encouraging to see DDH #170, effectively a 200 metre
step-out from the Roughrider Zone, return such high-grade results. The
assay interval grading about 82% U3O8 is second only to the 84% U3O8 in
DDH #116, which is collared about 450 metres away from DDH #170. There is
a world of opportunity to find more high-grade mineralization, both
between these holes and extending outward from them, and from the
recently-completed resource study, we know that high-grade can most
certainly add a lot of uranium pounds with very little tonnage increases."

Eighteen of the drill holes reported here, from the currently defined RRZ
area, intersected uranium mineralization (using a 0.05 wt% U3O8 cut-off
grade). Highlights of U3O8 assayed core-length intervals(i) from eight of
these are shown in Table 2. The other ten drill holes contain uranium
mineralization ranging from 0.07% U3O8 over 0.5 metres to 0.90% U3O8 over
9.0 metres. It is important to note that the majority of the
non-mineralized drill holes do not intersect the current resource
estimate nor are they located within the target areas identified for
further drilling this winter. Two drill holes (MWNE-09-171 and
MWNE-09-172), although well-mineralized, were metallurgical test holes
and do not yet have reported assays.

Of the thirty-one drill holes outside of the resource estimate, six of
these were reconnaissance drill holes that intersected typical
mineralization-related alteration that led to the discovery of
MWNE-09-170. Five drill holes were part of the reconnaissance program in
which similar alteration is drill defined a further 1,000 m northeast of
the MWNE 09-170. The alteration envelope has potential to continue from
the western limits of the claim boundary to beyond these most
northeasterly drill intersections of alteration with mineralization, a
distance of over 1500 meters. These drill holes are currently being
analysed by ICP-ES methods for a large suite of elements, including
uranium by partial and total digestion, and uranium pathfinder elements.
These results will be used to help target further drilling, especially in
areas where alteration was intersected in either the basement or
sandstone rocks. For a complete list of drill hole assay intervals and
photo including assay grades of DDH #170 please visit Hathor's website.

Table 2. Summary assay data for mineralization within the RRZ vicinity.
--------------------------------------------------------------------------
Max.
From To Interval Grade Grade GT
DDH (m) (m) (m) (U3O8 %) (U3O8 %) (ii)
--------------------------------------------------------------------------

MWNE-09-133 363.0 369.0 6.0 11.25 54.70 67.51
MWNE-09-137 360.0 363.5 3.5 13.58 39.50 47.54
MWNE-09-139 216.0 221.0 5.0 2.30 19.20 11.49
MWNE-09-168 213.5 235.5 22.0 0.48 2.96 10.51
MWNE-09-166 216.0 223.5 7.5 0.74 1.63 5.55
MWNE-09-166 231.5 236.0 4.5 0.73 3.73 3.29
MWNE-09-161C 243.5 246.0 2.5 0.72 2.48 1.80
MWNE-09-169 218.5 222.5 4.0 0.37 2.16 1.48
--------------------------------------------------------------------------
(i) All intersections are down-hole, core-length intervals and true
thickness of mineralization is yet to be determined.
(ii) "GT" or "Grade x Thickness" is the product of the Interval and the
U3O8 Mineralized Grade for that Interval.

Samples were analyzed for U3O8 at the Geoanalytical Laboratories of
the Saskatchewan Research Council (SRC). The facilities used for the
analysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). The
samples were analyzed using ISO/IEC 17025:2005-accredited U3O8 method.
Laboratory method quality control included the insertion of repeat
samples and certified reference materials applicable for the ranges of
mineralization encountered. Additional repeat analyses were performed on
every 20th sample. All repeat samples had good reproducibility, including
those in the very high- grade assay ranges. All samples are being
analyzed for a suite of other elements including nickel, cobalt, copper
and lead. Select samples are being analyzed for gold, platinum and
palladium. These results will be released upon receipt of all results.

Terra Ventures Inc. owns a 10-per-cent production carried interest in the
Midwest NorthEast property.

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

Hathor Exploration Limited

Stephen G. Stanley, Director

Neither the 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.

Contacts:
Hathor Exploration Limited
Tony Nunziata
403-560-7040

Hathor Exploration Limited
J.J. Jennex
604-684-6707
www.hathor.ca

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