TSX Venture Exchange Trading Symbol "MMU" SEC 12g(3) Exemption 82-4100 Standard & Poor's Corporate Manual Listing CALGARY, May 4 /CNW/ - Marum Resources has significantly expanded its southern Alberta uranium project. The Fort Macleod project, consisting of a 100% interest in four Alberta Metallic and Industrial Minerals Permits was first announced in March (Press Release March 3 2005). The uranium project area has now been significantly expanded with the application for a 100% interest in seven additional permits that will increase Marum's total land position to approximately 1,000 square Kms. The new permit applications are located to the west of the Fort Macleod property and sweep westward and northward into the Crowsnest area of southwestern Alberta, as shown at Marum's website. Field work consisting of reconnaissance prospecting and sampling was carried out in the Fort Macleod area at the end of March 2005. Reconnaissance prospecting was performed using a portable differential spectrometer that is capable of differentiating potassium, uranium and thorium in the field. Elevated uranium and thorium values were found in local sandstone outcrops, in volcanic rocks trucked from the Crowsnest area as stabilizer fill for bridge supports and in quartz pebble conglomerates that have been glacially transported eastward from the Rocky Mountain foothills. Subsequent research on the Crowsnest volcanic rocks suggest they may represent a possible source for the anomalous uranium in the Fort Macleod area and that sedimentary rocks located closer to this potential volcanic source should be explored for concentrations of uranium minerals. Additionally, the radioactive quartz pebble conglomerate boulders have been identified as belonging to the Proterozoic (Helikian) Belt Supergroup that occurs in southwestern Alberta. These positive preliminary results from recent activities on the Fort Macleod uranium project have significantly expanded the scope of Marum's Alberta uranium project to include the following four uranium target profiles within its large 1,000 square Km land package. Uranium Roll-Front Deposits in Tertiary Sandstones: as described in the Company's press release of March 3, 2005. Uranium Roll-Front Deposits in Proterozoic Sandstones: occur in a roughly 1.5 billion year old package of rocks known as the Belt Supergroup, located in the Rocky Mountain Foothills to the west of the Fort Macleod area. The uranium roll-front deposit potential of the Belt Supergroup is likely confined to the Appekunny and Grinnell formations which contain sandstone units that are mineralized with uranium, copper and silver. Limited exploration work conducted during the 1960's and 1970's outlined roll-front type mineralized quartzite beds with uranium samples (pitchblende and carnotite) grading up to 4.8 lbs per ton U3O8. In places, the uranium-rich beds are also reported to contain significant copper and silver grades, with some sections averaging 2.13% copper and 0.52 oz/ton silver. Unknown Deposit types in Proterozoic Conglomerates: constitute a new target profile. The composition and texture of the anomalous uranium and thorium-bearing quartz conglomerate glacial float found in the Fort Macleod area strongly suggest that the rocks originated in the Belt Supergroup to the west. This conglomerate has not yet been correlated with any specific stratigraphic unit within the Belt Supergroup and represents a different kind of uranium and thorium mineralization. This mineralization is similar to and of the same age as the mineralization that occurs in other Proterozoic basins such as the Athabasca Basin of Saskatchewan and the Proterozoic basin rocks that contain uranium in the Elliot Lake area of Ontario. Uranium Deposits of Unknown Type in rocks associated with the Crowsnest Volcanics: The strong uranium-thorium signature of the Crowsnest Volcanic rocks recommend them as a potential uranium source for nearby sandstone-hosted roll-front mineralization. Accordingly, the Marum permit areas have been expanded to include sedimentary rocks that lie adjacent to the volcanics. A second reconnaissance prospecting and sampling program is scheduled to commence during May 2005. Additional graphics relating to the expanded Alberta uranium project are available at www.marumresources.com. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. The statements made in this news release may contain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
Published May 5 2005
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