Mr. Mike Blady reports

BASIN URANIUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Basin Uranium Corp. has arranged a non-brokered private placement of up to five million units of the company at a price of 15 cents per unit for gross proceeds of up to $750,000. Each unit will comprise one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at a price of 20 cents per warrant share for a period of 36 months from the closing date of the offering. The warrants to be issued under the offering shall contain an accelerated expiry clause (the acceleration clause). Pursuant to the acceleration clause, if the common shares of the company close at or above 30 cents for 10 consecutive trading days on the Canadian Securities Exchange (CSE), then the company may accelerate the expiry date of the warrants by issuing a news release announcing the accelerated warrant term, pursuant to which the warrants will expire on the 30th calendar day after the date of such news release.

The company intends to use the net proceeds from the offering for advancement of its United States property portfolio and general corporate and working capital purposes. The offering may close in one or more tranches as the company may determine.

The company may pay a finder's fee in connection with the offering to eligible arm's-length finders in accordance with the policies of the CSE. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day following the date of issuance in accordance with applicable securities legislation. The offering is not subject to a minimum aggregate amount of subscriptions.

About Basin Uranium Corp.

Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company has five advanced-stage uranium projects located in the United States, namely the Chord and Wolf Canyon projects in South Dakota, the South Pass and Great Divide basin projects in Wyoming, and the Wray Mesa project in Utah. All five projects have seen extensive historical exploration and located in prospective development areas. The company also has the Mann Lake uranium project, located in the world-class Athabasca basin of Northern Saskatchewan, Canada, in addition to the CHG gold project in south-central British Columbia.

We seek Safe Harbor.