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ESO Uranium Corp Contracts Fugro Airborne For Megatem II Survey On Cluff Project(EMAILWIRE.COM, October 04, 2005) Vancouver, Canada -- ESO Uranium Corp. (ESO or the "company") ESO: TSX-V announces that it has entered into a contract with Fugro Airborne surveys to conduct a Megatem II airborne geophysical survey on the "Cluff Uranium Project" in the western Athabasca Basin, Saskatchewan. The survey will be conducted in conjunction with geochemical boulder sampling and will be utilized to define additional drill targets on the property. ESO has initially targeted an area for a winter drill program where, in 1979, a previous operator encountered 8.5% U3O8 over 2.3 meters in drill hole CAR 425. The announced exploration budget for 2005/2006 is $2 million. The survey is being flown to further define known conductors which extend onto ESO's Cluff Uranium Project. This project is adjacent to The Shea Creek Uranium discovery, where drilling by UEX/COGEMA on their northwest trending Saskatoon lake conductor, encountered 24.7% U3O8 over 8.8 meters. The Megatem II system has substantially greater power and depth penetration than systems used in the past and uses advanced data processing capable of defining conductor locations and conductivity parameters. The survey will fly nearly perpendicular to the known conductors axis, and will consist of 2,000 line kilometers flown on 400 meter line spacings. It will cover the Cluff basement structure which will provide information on areas associated with three groups of uranium mineralized boulders containing up to 19.3% U3O8 and 2.9 g/t gold. Following evaluation of the Megatem II survey, ground geophysical TDEM surveying will be undertaken to provide target selection for follow-up drilling. The Cluff project covers more than 169,000 acres and surrounds the past producing Cluff Lake Mine and is immediately north of the Shea Creek Project of UEX/COGEMA. ESO has varying interests in the Cluff project with partners Hathor Exploration (HAT:TSX-V), International KRL Resources Corp. (IRK:TSX-V) and Logan Resources Ltd. (LGR:TSX-V). For complete ownership details, please see our website at www.esouranium.com. ABOUT ESO URANIUM CORP. ESO Uranium Corp. is a Canadian based mineral resource company exploring for uranium in the western Athabasca Basin of Saskatchewan and for gold in the Casa Berardi deformation zone in Ontario. In the western Athabasca Basin, the company is exploring three projects covering more than 369,000 acres, all with the potential to host significant new uranium discoveries. In Ontario, the company is exploring for gold on the Mikwam (100% owned) Gold Project, totaling 12,864 acres, where results from a recently completed airborne geophysical survey will be utilized to select drill targets. On behalf of the Board of Directors of ESO Uranium Corp. "Jonathan George" President and CEO For corporate communications please contact: Tom Corcoran ESO Uranium Corp. Vancouver, BC Phone: (604) 629-0293 Email: [email protected] The ESO Uranium Corp. website is now fully functional at www.esouranium.com Please bookmark this site for future reference and ongoing updated information. The Toronto Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management. Statements contained in this news release that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filing with the Securities and Exchange Commission. This press release was issued through GroupWeb EmailWire.com. For more information on press release distribution, go to http://www.emailwire.com |