🕐18.11.09 - 01:27 Uhr

MEGA URANIUM SIGNS MEMORANDUM OF UNDERSTANDING FOR INFRASTRUCTURE AND SERVICES SHARING



PRESS RELEASE November 18, 2009 MEGA URANIUM SIGNS MEMORANDUM OF UNDERSTANDING FOR INFRASTRUCTURE AND SERVICES SHARING Toronto, Ontario (November 17, 2009) -- Mega Uranium Ltd.

(TSX: MGA) ("Mega" or the "Company") announces that it has commenced discussions with Navigator Resources Limited (Navigator) (ASX: NAV) regarding the possible sharing of infrastructure and services between the two companies.

Mega and Navigator have signed a non-binding memorandum of understanding reflecting their joint interests in negotiating for the shared use of certain of Navigators Bronzewing Gold Project facilities. Megas Lake Maitland Uranium Project and Navigators Bronzewing Gold Project adjoin each other in the central goldfields region of Western Australia, where there is well developed mining infrastructure and services. Mega was recently granted a mining lease for the Lake Maitland Uranium Project and is progressing its Definitive Feasibility Studies and Environmental Impact Assessment for the project, with the goal of commencing production in 2012.

The project is a joint venture with Japanese partners, Japan Australia Uranium Resource Development Co (JAURD) and Itochu Minerals & Energy of Australia Pty Ltd (IMEA). Navigator owns the Bronzewing Gold Project, located about 83kms Northeast of Leinster in Western Australia.

Bronzewing has extensive facilities associated with the project including: - Certifiable airstrip - Power station and fuel farm - Water supply infrastructure and access roads - 280 person accommodation village including recreational facilities and - Surface workshops, offices and other ancillary facilities The Lake Maitland Uranium Project is located about 30 kms north east of Bronzewing.

Mega and Navigator have agreed to co-operatively investigate opportunities for reducing capital and operating costs through the sharing of existing and planned infrastructure and services. Significant opportunities may exist to use existing infrastructure, upgrade and develop other required facilities and reduce both capital and operating costs. Substantial benefits are also possible through reducing duplication of facilities, introducing economies of scale and the reduction of the overall foot-print of the projects. Mega regards this cooperative approach with Navigator as a way to improve performance and to efficiently utilise regional infrastructure and resources and to foster the maintenance and further development of local facilities and services. About Mega Uranium Mega Uranium Ltd.

is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Canada, Argentina, Bolivia, Colombia and Cameroon.

Further information on Mega can be found on the companys website at www.megauranium.com.

Mega Uraniums Ben Lomond and Maureen uranium resources are subject to a Queensland State Government policy that presently prohibits the mining of uranium. To view the full announcement please click on this link. http://esp.gewru.com/download/files/12414/998294/2009-11-17%20Navigator%20FINAL%20_2_.pdf For further information please contact: Richard Patricio Executive VP, Corporate Services Mega Uranium Ltd T: +416 643 7630
Karen Oswald/ David Tasker Professional Public Relations (PPR) T: +61 8 9388 0944 M: 0423 602 353
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