Uranium Participation Corporation Reports Net Asset Value at March 31, 2013

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net
asset value at March 31, 2013 was CDN$610.5 million or CDN$5.74 per share. As at
March 31, 2013, UPC's investment portfolio consisted as follows:




                                                                            
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(in thousands of Canadian dollars,                                          
 except quantity amounts)                    Quantity      Cost Market Value
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Investments in Uranium:                                                     
  Uranium oxide in concentrates                                             
   ("U3O8")                             7,250,000 lbs $ 342,495 $    311,091
  Uranium hexafluoride ("UF6")          2,374,230 KgU $ 389,998 $    289,955
                                                                            
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                                                      $ 732,493 $    601,046
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   U3O8 average cost and market value                                       
   per pound:                                                               
    - In Canadian dollars                             $   47.24 $   42.91(1)
    - In United States dollars                        $   43.23 $      42.25
   UF6 average cost and market value                                        
   per KgU:                                                                 
    - In Canadian dollars                             $  164.26 $  122.13(1)
    - In United States dollars                        $  152.06 $     120.25
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(1) Converted at the March 31, 2013 exchange rate of $1.0156.               



About Uranium Participation Corporation

Uranium Participation Corporation is a company that invests substantially all of
its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride
(UF6) (collectively "uranium"), with the primary investment objective of
achieving appreciation in the value of its uranium holdings. Additional
information about Uranium Participation Corporation is available on SEDAR at
www.sedar.com and on Uranium Participation Corporation's website at
www.uraniumparticipation.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Uranium Participation Corporation
Ron Hochstein
President
(416) 979-1991 Ext. 232


Uranium Participation Corporation
James Anderson
Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com

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