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The Company

Black Range Minerals is an Australian Stock Exchange-listed resources company focused on growth through acquisition, exploration and development.

The Company is rapidly moving its advanced, high-grade Taylor Ranch Uranium Project in Colorado, USA towards production.

The Company has delineated a JORC Code compliant resource base of almost 80 million pounds of U3O8 at its Taylor Ranch Uranium Project. This includes approximately 22 million pounds of high grade U3O8 which the Company is looking to develop in the near term.

The Company holds interests in two other advanced uranium projects – Cyclone Rim and Eagle in Wyoming USA, which it is operating and exploring through a JV with Uranerz Energy Corporation.

The Company is also pursuing the acquisition of additional quality uranium projects.

The Company is well financed, with approximately $13.5million in cash at the end of December 2007.