UPC Uranium Power Cda Com Npv

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Uranium Participation Corporation ("UPC")(TSX:U) reports its estimated net asset
value at October 31, 2011 was CDN$729.4 million or CDN$6.81 per share. As at
October 31, 2011, UPC's investment portfolio consisted as follows:




-------------------------------------------------------------------------
(in thousands of Canadian                                             
 dollars, except quantity                                             
 amounts)                             Quantity       Cost Market Value
-------------------------------------------------------------------------
                                                                      
Investments in Uranium:                                               
  Uranium oxide in concentrates                                       
   ("U3O8")                      7,250,000 lbs  $ 342,495    $ 374,550
  Uranium hexafluoride ("UF6")   2,374,230 KgU  $ 389,998    $ 338,487
                                                                      
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                                                $ 732,493    $ 713,037
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  U3O8 average cost and market                                        
   value per pound:                                                   
    - In Canadian dollars                         $ 47.24      $ 51.66(1)
    - In United States dollars                    $ 43.23      $ 52.00
  UF6 average cost and market                                         
   value per KgU:                                                     
    - In Canadian dollars                        $ 164.26     $ 142.57(1)
    - In United States dollars                   $ 152.06     $ 143.50
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(1) Converted at the October 31, 2011 exchange rate of $0.9935. 



In the month of October 2011, UPC repurchased 274,900 of its common shares at a
cost of CDN$1,464,000 under a normal course issuer bid.


About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company which 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.
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.

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