Marmota Ltd. announced it has engaged uranium expert Mark Couzens (Indepth Geological Services), to conduct a full technical analysis of the stratigraphy and mineralisation of Marmota?s Junction Dam Uranium Project, and to design Marmota?s first drill program for the Junction Dam re-start. This includes planning of drillholes targeting high-grade extensions to substantially grow Marmota?s Uranium JORC resource. Key Points: Mark is a specialist uranium geologist with experience exploring for sediment-hosted uranium at Beverly (SA), Four Mile (SA) and Bennett Well deposits (WA), and in Argentina.

Mark was part of the exploration team that discovered the Four Mile Uranium Deposit. Mark played a key role in increasing the resource at the Bennett Well deposit from 4.8 to 30.9 Mlbs U3O8. The technical review will include all three of Marmota?s existing Uranium deposits at Junction Dam, adjacent to the Boss Honeymoon mine (i.e. Saffron, Bridget and Yolanda) as well as new high-priority untested targets.

Junction Dam Uranium Summary: Marmota?s Junction Dam Uranium Project has a current uranium resource of 5.4 million pounds @ 557ppm U3O8 and an exploration target of 22 to 33 million pounds @ 400?700 ppm U3O8. The Junction Dam uranium resource is located within the same Yarramba Palaeochannel as the Boss Energy Honeymoon Uranium mine (36 Mlb @ 660 ppm U3O8). Marmota?s Junction Dam tenement EL 6530 book-ends both sides of the palaeochannel of the Boss Honeymoon plant.

The value of uranium in the Yarramba Palaeochannel is self-evident from the market capitalisation of Boss Energy which currently exceeds $1.5 billion. Significant potential to considerably increase the size of Marmota?s Junction Dam uranium resource, particularly since Marmota?s two adjoining uranium prospects (Bridget and Yolanda) already have proven uranium from previous drilling but are not yet even included in the current Junction Dam uranium resource. Previous exploration was highly successful: halted due to market conditions after Fukushima.