Uranium Participation Corporation Reports Net Asset Value at March 31, 2014

 Uranium Participation Corporation Reports Net Asset Value at March 31, 2014  NEWS RELEASE TRANSMITTED BY Marketwired  FOR: Uranium Participation Corporation  TSX SYMBOL:  U  APRIL 4, 2014  Uranium Participation Corporation Reports Net Asset Value at March 31, 2014  TORONTO, ONTARIO--(Marketwired - April 4, 2014) -   THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES  Uranium Participation Corporation (TSX:U) ("UPC") reports its estimated net asset value at March 31, 2014 was CAD$581.0 million or CAD$4.97 per share. As at March 31, 2014, UPC's investment portfolio consisted as follows:  /T/  --------------------------------------------------------------------------- (in thousands of Canadian                                                   dollars, except quantity                                                    amounts)                             Quantity           Cost     Fair Value ---------------------------------------------------------------------------  Investments in Uranium:                                                     Uranium oxide in concentrates                                                ("U3O8")                       8,076,811 lbs      $ 386,531      $ 303,528 Uranium hexafluoride ("UF6")    2,153,471 KgU      $ 353,357   $ 225,110(1)  ---------------------------------------------------------------------------  $ 739,888      $ 532,925 --------------------------------------------------------------------------- ---------------------------------------------------------------------------  U3O8 average cost and market                                                 value per pound:                                                           - In Canadian dollars                                $ 47.86     $ 37.58(2) - In United States dollars                           $ 43.73     $ 34.00(2) UF6 average cost and market                                                  value per KgU:                                                             - In Canadian dollars                               $ 164.09    $ 106.38(2) - In United States dollars                          $ 152.26     $ 96.25(2) --------------------------------------------------------------------------- --------------------------------------------------------------------------- (1) Includes a CAD$3,987,000 fair value adjustment for UPC's UF6 inventory  held at the USEC Inc. enrichment facility.                                  (2) Market values reflect month-end spot prices published by Ux Consulting  Company, LLC, translated at the March 31, 2014 exchange rate of $1.1053.     /T/  The Company has agreed to purchase 850,000 pounds of U3O8 at an average cost of US$34.74. 250,000 pounds have been delivered in March and the remainder will be delivered prior to the end of June, 2014.  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 through increases in the uranium price. 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.  -30- FOR FURTHER INFORMATION PLEASE CONTACT:  Uranium Participation Corporation Ron Hochstein President and Chief Executive Officer (416) 979-1991 Ext. 232 or Uranium Participation Corporation James Anderson Chief Financial Officer (416) 979-1991 Ext. 372  INDUSTRY:  Manufacturing and Production - Mining and Metals  SUBJECT:  NWS 
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