Athabasca Uranium Inc. is a uranium exploration and development company. The 29,000-hectare Keefe Lake Project is on the eastern margin of the uranium-rich Athabasca Basin. The Project is approximately 22 kilometers southeast of the McArthur River Mine. The McCarthy claim (S-110884) covers 4,082 hectares (10,580 acres) and lies 40 kilometers east of the MacArthur River Mine and 29 kilometers southeast of the Cigar Lake Mine (both owned by Cameco Corp.) on the eastern edge of the Athabasca Basin in Northern Saskatchewan, the heart of uranium in Canada. The McGregor Lake Project is located on the eastern edge of the Athabasca Basin. The property is adjacent to JNR/Denison�s Moore Lake Project, and is approximately 3 miles from the Moore Lake u3o8 deposit on which JNR/Denison is actively exploring with the intention of defining a mineable resource. The East Key Lake Project is a 759-hectare claim (S-111568) located approximately 15.6 kilometer South East of the Key Lake Mine.