Year 1 Annual technical report for EL 25368 Charming U, 8 March 2007 to 7 March 2008

Abstract

This Annual Technical Report documents the 2007/2008 exploration program conducted at the Charming U Uranium prospect (EL 25368) by Uranium Oil & Gas (UOG). UOG has an agreement with the tenement holder Bralich Holdings Pty Ltd whereby it can earn 70% by spending the minimum of 2 years expenditure. UOG is the tenement operator. The Charming U prospect is located in the central Arunta area about 265 km northwest of Alice Springs NT. Previous explorers in the area have delineated a significant radiometric anomaly hosted by surficial calcrete pods that overlie the Proterozoic granitic basement. There are no known mines or resources established in the area. UOG's first year activities included literature research, drafting and creating a GIS database. An attempt to conduct some field work on the tenement was hampered by the station owner not allowing access. UOG hope to rectify this situation during 2008.