Mega Uranium Completes Ben Lomond Sale

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TORONTO, Oct. 03, 2022 (GLOBE NEWSWIRE) --  Mega Uranium Ltd. (MGA: TSX) announces the closing of the sale of its Ben Lomond uranium property located in Queensland, Australia (the “Property”) to Consolidated Uranium Inc. (“CUR”), following the prior exercise by CUR of its option on the Property. Mega received an aggregate of 1,104,240 common shares of CUR in payment of the $2.5 million purchase price for the Property and an additional 236,308 common shares in satisfaction of a $535,000 payment that was contingent upon the monthly average spot price of uranium reaching US$50 subsequent to May 2020.

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