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




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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")                       8,076,811 lbs      $ 386,531      $ 303,528
Uranium hexafluoride ("UF6")    2,153,471 KgU      $ 353,357   $ 225,110(1)
                                                                           
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                                                   $ 739,888      $ 532,925
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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)
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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 March 31, 2014 exchange rate of $1.1053.   



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.


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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