Uranium Participation Corporation Reports Net Asset Value at December 31, 2013

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 December 31, 2013 was CAD$517.1 million or CAD$4.86 per share. As
at December 31, 2013, UPC's investment portfolio consisted as follows:




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(in thousands of Canadian dollars,                                          
 except quantity amounts)                   Quantity        Cost  Fair Value
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Investments in Uranium:                                                     
  Uranium oxide in concentrates                                             
   ("U3O8")                            7,565,525 lbs $   361,292 $   277,611
  Uranium hexafluoride ("UF6")         2,253,471 KgU $   369,955 $232,097(1)
                                                                            
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                                                     $   731,247 $   509,708
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  U3O8 average cost and market                                              
   value per pound:                                                         
    - In Canadian dollars                            $     47.76 $  36.69(2)
    - In United States dollars                       $     43.73 $  34.50(2)
  UF6 average cost and market value                                         
   per KgU:                                                                 
    - In Canadian dollars                            $    164.17 $ 104.76(2)
    - In United States dollars                       $    151.97 $  98.50(2)
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(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 December 31, 2013 exchange rate of $1.0636. 



At December 31, 2013, UPC has a commitment to sell the conversion component of
100,000 KgU as UF6 for delivery in January 2014. To facilitate the sale of the
conversion component, UPC will transfer 100,000 KgU as UF6 to the buyer and
receive 261,286 pounds of U3O8 and consideration of US$1,000,000
(CAD$1,063,600).


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Uranium Participation Corporation
Ron Hochstein
President and Chief Executive Officer
(416) 979-1991 Ext. 232


Uranium Participation Corporation
James Anderson
Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com

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