Uranium Participation Corporation Reports Net Asset Value at April 30, 2014

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 April 30, 2014 was CAD$524.2 million or CAD$4.49 per share. As at
April 30, 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")       8,576,811 lbs $       405,547 $       288,977
  Uranium hexafluoride                                                      
   ("UF6")                     2,153,471 KgU $       353,357 $    206,461(1)
                                                                            
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                                             $       758,904 $       495,438
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  U3O8 average cost and                                                     
   market value per pound:                                                  
    - In Canadian dollars                    $         47.28 $      33.69(2)
    - In United States                                                      
     dollars                                 $         43.15 $      30.75(2)
  UF6 average cost and market                                               
   value per KgU:                                                           
    - In Canadian dollars                    $        164.09 $      95.87(2)
    - In United States                                                      
     dollars                                 $        148.16 $      87.50(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 April 30, 2014 exchange rate of $1.0957.   



The Company has agreed to purchase 100,000 pounds of U3O8 at a cost of US$34.50
per pound, with delivery to occur 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
[phone] Ext. 232


Uranium Participation Corporation
James Anderson
Chief Financial Officer
[phone] Ext. 372