'Golden Patriot is one of, if not the smallest capitalized company, that is exploring a past producing uranium mine. Golden Patriot also has recently been approached by a New York Stock Exchange listed gold company on a potential joint venture on one of the gold prospects Golden Patriot holds.'

Overview

Golden Patriot has interests in mineral properties involving uranium and gold mining. The primary focus of Golden Patriot is the development of the past producing Lucky Boy Uranium mine in Gila County, Arizona which recently achieved a major milestone of receiving Government and State approval of the 'Plan of Operations'. As it stands now Golden Patriot is one of, if not the smallest capitalized company, that is exploring a past producing uranium mine. Golden Patriot also has recently been approached by a New York Stock Exchange listed gold company on a potential joint venture on one of the gold prospects Golden Patriot holds.

One of the first uranium properties to go into production in Arizona, the Lucky Boy property has demonstrated open-pittable and heap-leachable characteristics. The property appears to be located in a non-environmentally sensitive area. Exploration and development potential is considered very high. The development program is now underway and a full scale drill program is scheduled to commence in the next few months. Golden Patriot has more than sufficient funds on hand to fund this drill program going forward.

Investment Highlights

Property

LuckyBoy Uranium Prospect

GPTC has entered into an option agreement to acquire 100% of the Lucky Boy Uranium Project in Gila County, Arizona. GPTC will earn 100% interest in the project in consideration of GPTC incurring $925,000 in exploration and development costs on the Lucky Boy Project during a period of three years from the date of the exercise of the option. GPTC is also to pay property costs totaling $75,000 over three years.

The Lucky Boy Uranium Project consists of 700 acres including 26 BLM claims on the property. The Lucky Boy Project is a past producer and was one of the first producing uranium mines in the state of Arizona.

The Lucky Boy Uranium Project is at the site of the old Lucky Boy mine. The Lucky Boy mine, using heap leaching and ion exchange recovery, produced about 5,000,000 pounds of uranium ore in the 1950s.

GPTC has retained Ashworth Explorations to run the work program. Ashex has been in business for over 25 years as a mineral exploration contractor.

In the last two years, the contracted price at which energy companies purchase uranium has more than doubled, as stockpiles and scraps supplies have dried up. On the demand side, more material will be needed to fuel a new wave of environment friendly nuclear power generators. The rift between uranium mining and the needs of nuclear power plants has been stable for the last decade at around 40-45%. According to iNi data, between 1985 and 2003 commercial reserves of uranium in the world diminished by 50%. Only 55% of the uranium consumed in 2003 had been mined that year. However, uranium reserves are being depleted with every passing year.

Fueling nuclear power plants to generate electricity is the most significant commercial use for uranium. Currently, uranium provides 16% of the world's electricity via 440 nuclear reactors operating in 31 countries. Annual uranium demand is 66,000 tonnes, with mining fulfilling only 55% of that need. An additional 30% comes from stockpiles, which are not being replenished due to current production shortfalls, and the remaining 15% is salvaged from recycled weapons, non-renewable resource.

Uranium demand is expected to increase in the coming years as new reactors are built and brought online in developing nations such as China, which plans to build 27 nuclear plants, India with a planned 31 new reactors, and Russia with intentions for an additional 25 reactors. With a current worldwide production shortfall of more than 300 million pounds, demand for uranium is expected to be 11% higher than supply over the next decade.
 

Gold View Gold Prospect

Golden Patriot, Corp. announced an update on the results of exploration work conducted to date on GPTC's Gold View Property. According to the operator, the geochemical survey has identified a gold anomaly in association with major structural intersections identified in the geophysical survey on the Gold View Property in the Cortez Trend of Nevada.

The Gold View Property is located in the Cortez trend of Nevada, approximately 3 miles east of the Tonkin Springs deposits, and consists of approximately 1,450 acres containing 76 unpatented lode claims.

As reported by Minterra Resources Corp., GPTC's joint venture partner on the Gold View Prospect in 2005, James L. Wright, MSc, geophysicist, concluded that along the property's southwestern block there is a wedge shaped pediment that demonstrates a width of 750 metres to 250 metres from south to north over a length of at least 2.2 kilometres which represents a considerable area available for exploration. Of particular note are two areas of structural intersections indicated along the basin bounding fault within the pediment. Mr. Wright considered the northern structural intersection the most significant as it represents the intersection of major north-northwest and east-northeast bearing structures.

Mr. Wright reports that "the north-northwest bearing structure can be clearly demonstrated to extend to the south directly to the Afgan Kobeh gold deposit, and GPTC's joint venture partner has an option to acquire a 50% interest in the Gold View Property from GPTC, by incurring exploration expenditures totaling CDN $1-million over a three-year period.

Head Office:
Address: 1979 Marcus Ave.
Suite 210
Lake Success, New York
USA 11042
Telephone: (212) 760-0500



Registered Office:
Address: 3199 East Warm Springs Road
Suite 200
Las Vegas, NV 89120
 

please feel free to contact the company via electronic form, phone at 604-646-6906 or e-mail at info@goldenpatriotcorp.com
 

FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Golden Patriot, Corp. current expectations about its future results, performance, prospects and opportunities. Golden Patriot, Corp. . has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Golden Patriot, Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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