Mega Uranium Mining & Exploration in  Canada, Cameroon, Australia, Argentina, Bolivia, Columbia and Mongolia.

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Mega Uranium Ltd.
211 Yonge Street, Suite 502
Toronto, Ontario, Canada
M5B 1M4

Phone 416.643.7630
Fax 416.941.1090
 

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2004 News Releases

Maple Mineral Corp.'s Results for Three and Nine Months Ended June 30, 2004


August 20, 2004

For the three months ended June 30, 2004 (compared with June 30, 2003):

  • Revenue (primarily comprised of interest income) increased to $11,855 as compared to $2,500 for the three months ended June 30, 2003;
     
  • Operating, general, and administrative expenses increased to $59,830 as compared to $7,627 in the same period of 2003;
     
  • There were no properties that lapsed or were abandoned during the three months ended June 30, 2004 as compared to write-off of mineral properties and related expenditures of $465,954 for the three months ended June 30, 2003;
     
  • Stock-based compensation increased to $47,808 as compared to nil for the three months ended June 30, 2003;
     
  • Net loss was $95,783 ($0.007 per share) for the three months ended June 30, 2004 as compared to $471,081 ($0.078 per share) for the three months ended June 30, 2003.

For the nine months ended June 30, 2004 (compared with June 30, 2003):

  • Revenue (primarily comprised of interest income) increased to $17,878 as compared to $2,500 for the nine months ended June 30, 2003;
     
  • Operating, general, and administrative expenses increased to $159,430 as compared to $28,222 in the same period of 2003;
     
  • There were no properties that lapsed or were abandoned during the nine months ended June 30, 2004 as compared to write-off of mineral properties and related expenditures of $470,712 for the nine months ended June 30, 2003;
     
  • Stock-based compensation increased to $88,034 as compared to nil for the nine months ended June 30, 2003;
     
  • Net loss was $229,586 ($0.022 per share) for the nine months ended June 30, 2004 as compared to $496,434 ($0.083 per share) for the nine months ended June 30, 2003.
     
  • Acquisition of La Paloma property (Dominican Republic) for $203,679.
     
  • Acquisition of Mt. Kakoulima (West Africa) for $536,825 through a joint venture with FNX Mining Company Inc.

Maple Minerals Corp. (TSXV: MPM) is a Toronto based resource company with properties in Africa, Canada and the Dominican Republic. For more information about Maple, please visit the company’s website at www.mapleminerals.com.

This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Maple’s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Maple disclaims any intent or obligation to update these forward-looking statements.

The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.

Contact:

Sylvain Amyot
Major Account Executive
samyot@TheStreetIR.com
514-448-2246