Significant Uranium Results at Njame

  Albidon has received assay results for all remaining resource delineation drilling at the Njame Uranium Prospect in southern Zambia.The Njame deposits contain Inferred Resources of 8.8Mt at 340ppm U3O8 for 6.6 Mlb U3O8 at a 100ppm lower cutoff grade and form near- surface tabular bodies hosted by Karoo-aged sandstones. The drilling program completed to date at Njame includes 319 aircore/reverse circulation percussion holes for a total of 17,272m and 35 diamond drill holes for 2,191.4m core. Drill samples were collected over 1m drill intervals, and were assayed for U and U3O8 using the pressed-pellet XRF method. The entire Njame North, East and Central deposits have been drilled to a 200m by 50m grid, with local infill to 100m by 50m and in places to 50m by 50m.Significant assays are detailed below:
• NJN137: 13m at 346ppm U3O8 from 29m
• NJN141 17m at 835ppm U3O8 from 23m
• NJN143 6m at 602ppm U3O8 from 35m
• NJN144 5m at 595ppm U3O8 from 35m
• NJN155 13m at 587ppm U3O8 from 42m
• NJN156DD 7.7m at 493ppm U3O8 from 41m
• NJN167 6m at 549ppm U3O8 from 26m
• NJN168 7m at 510ppm U3O8 from 25m
• NJN180DD 3.8m at 713ppm U3O8 from 35m
• NJN184 4m at 626ppmU3O8 from 36m
• NJN186 5m at 498ppm U3O8 from 25m
• NJN186DD Twinned 5.4m at 495ppm U3O8 from 27m (core hole drilled to twin NJN186 for comparison of grades) Resource modeling is currently in progress to prepare an Indicated Resource estimate. This is expected to be completed in the early part of Q2 2008.