DEEP YELLOW LIMITED — Capital/Financing Update 2009

Jun 24, 2009

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25 June 2009

By E-Lodgement

Uranio Limited Acquires 100% of Ponton North Project

Uranio Limited (“ Uranio ”) has acquired Deep Yellow Limited’s 30% carried interest in the five Ponton North tenements for a cash consideration of $150,000.

The tenements are located approximately 200km northeast of Kalgoorlie, surrounding the Mulga Rock uranium deposits and lying directly to the northeast of Uranio’s 100% owned Double 8 uranium deposit in Western Australia.

Figure 1: Location of the Five Ponton North Tenements

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Uranio Limited ABN 61 123 156 089 Ground Floor, 15 Rheola Street, West Perth WA 6005 Phone: (08) 9486 8788 Fax: (08) 9322 1961

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Uranio now holds 100% interest in the Ponton North tenements (previously 70%). The updated ownership structure of the uranium projects under Uranio’s management, following this acquisition, is summarised in the following table:

Project	Location	Tenements	UranioOwnership	Joint Venturer
Siccus	South Australia	1 Granted	90%	Signature Resources(10%)
Gardner Range	Western Australia	4 Granted	100%
Ponton (North)Ponton (Double 8)	Western AustraliaWestern Australia	5 Granted1 Granted1 Application	100%100%

As a result of this acquisition, Uranio has consolidated its ownership position in this highly prospective uranium province that contains the 54Mlb Mulga Rock deposits (Energy and Minerals Australia) and the 11Mlb Double 8 deposit (Uranio). The Company now has 100% control of exploration tenements and applications covering over 1,300km[2] in the area.

For and on behalf of the Board,

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Dr Robert Wrixon Managing Director Uranio Limited

Email: admin@uranio.com.au Web: www.uranio.com.au

The information in this announcement that relates to Mineral Resources is based on information compiled by Mr Sam Ulrich, who is a Member of the AusIMM. Mr Ulrich is employed by Wesmin Consulting Pty Ltd. Mr Ulrich has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Ulrich consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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