Deep Yellow Returns Positive Results from Start of 2010 Drill Programme at Mount Isa

Deep Yellow is pleased to announce it has kicked off its 2010 drilling programme in the Mount Isa district in Mayconstruccion de caja 3 compuertas para draga de oro and has returned a number of high-grade intercepts at its 100% owned Miranda prospect and three other prospects at Isa West.

DYL’s 2009 Mount Isa drilling program outlined Indicated and Inferred Mineral Resources in accordance with the JORC Code of >400 ppm U3O8 from surface to approximately 200 metre vertical depth at several prospects. Following on this success, the 2010 drilling programme will aim to fast-track drill several new prospect areas with surface radiometric anomalies and to test a number of previously drilled prospects up to 400 metres vertical depth to determine the potential for continuity of mineralisation at depth. The overall strategy is to assess the potential of the Mount Isa prospects to increase total uranium resources.