Yukon Resources Corp.: Letter of Intent Signed on Arizona Uranium Properties.VANCOUVER, British Columbia -- Yukon Resources Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :YUKR) announced today that effective February 10, 2006, the Company has entered into a letter of intent with Rodinia Minerals Inc. in which Yukon Resources will have the right and option to acquire a 75% undivided right, title and interest in and to "Red Bluff", "Middleton Mountain", "Buckaroo Flats" and "Pendleton Mesa" Uranium properties located in Gila County, Arizona Gila County is located in the central part of the U.S. state of Arizona. As of the 2000 census its population was 51,335. The county seat is Globe. Gila County contains parts of Fort Apache Indian Reservation and San Carlos Indian Reservation. . Background Information In 1955 The United States Atomic Energy Commission Almost a year after World War II ended, the United States Congress established the United States Atomic Energy Commission (AEC) to foster and control the peace time development of atomic science and technology. President Harry S. conducted an Airborne Radiometric Survey over Gila Country and discovered 20 radiometric anomalies, nine of which, including the recent acquisitions by Yukon Resources Corp., were considered significant. This survey has led to the identification of 46 known uranium deposits in the area. Safe Harbor statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission. Yukon Resources Corp. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :YUKR) |
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