Power Resources Limited (ASX Code:PWW) successfully listed on the Australian Stock Exchange ("ASX") on 19 February 2008. The Company's main objective is acquiring prospective mineral assets with the aim of exploring and adding significant value to the assets. In addition the Company has developed an active program in identifying deposits in Australia and around the world that have the potential to be mines.

The Company considers the metal demand and price outlook to be strong and despite the recent global economic turmoil, predict growth in China and India's economies for many years to come.

Power has acquired three projects, two in Western Australia and one in Greenland. The Western Australian projects include the Uaroo Project within the Carnarvon Basin and the Oobagooma Project on the northern margin of the Canning Basin. Both projects are considered prospective for sandstone hosted uranium deposits.

The recent change of government in Western Australia to the pro-uranium mining Liberal government has seen renewed interest in the Uranium sector and will provide numerous opportunities going forward. The Directors have received increased interest from third parties and are confident that shareholder wealth will be maintained and increased.

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