Global Atomic Fuels Corporation

Global Atomic Fuels Corporation is a privately owned Canadian exploration company with extensive experience in the mining and marketing of uranium. Global has exploration agreements on six uranium concessions in the Republic of Niger that cover approximately 3,000 square kilometers. Niger is the world’s fifth largest uranium-producing country and is very pro-mining development. Global’s concessions are located in the Agadez Region of central Niger, specifically the Tim Mersoi Basin, one of the world’s largest uranium basins. Areva of France, the world’s leading nuclear company, has recently announced plans for
a $1.4-billion development of the Imouraren deposit, which is adjacent to Global’s concessions. When completed, Imouraren will make Niger the world’s second largest uranium producer.

The largest increase in global demand for nuclear power over the next ten years is expected to come from China whose nuclear capacity is set to increase six-fold by 2020, from 9GW to 70GW. China currently operates 11 reactors, has 24 under construction and 124 more on the drawing boards, according to the World Nuclear Association. The International Atomic Energy Agency projects that global nuclear capacity will grow from about 370,000 megawatts to 540,000 megawatts by 2020 and 810,000 megawatts by 2030.

A recently completed NI 43-101 compliant technical report has shown Global’s current resources to be 60,000,000 pounds U3O8, but with potential for another 200 – 300 million pounds with additional drilling.

Global's immediate plans are to complete a feasibility study to place the first uranium mine into production in the next 36 months and use the resulting cash flow from operations to expand and develop its business. To this end, the company acquired a database of worldwide uranium exploration targets collected over 30 years by Denison Mines Limited, a major Canadian uranium producer.

Global was founded by Stephen G. Roman and other former senior executives of Denison Mines Limited. Andrew C. Rickaby was Denison’s former mine manager at the flagship Elliot Lake, Ontario mine. This development team organized, financed, and constructed the largest number of new projects in Denison’s history and are now poised to begin development of Global’s first mine in Niger.

Global (GLO) expects to makes its Initial Public Offering of shares on the Toronto Stock Exchange in May, 2010. It has 49,800,244 fully diluted shares. Contact Global Atomic Fuels Corporation in Toronto at
416-368-3949. www.globalatomicfuels.com

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