AIF Altus Group Limited

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Uranium Participation Corporation (TSX:U) ("UPC" or the "Corporation") announced
today that it has received approval from the Toronto Stock Exchange (the "TSX")
to acquire for cancellation, by way of normal course issuer bid (the "Bid") up
to 8,035,744 common shares of the Corporation ("Shares"), which, at the date
hereof, represent approximately 10% of the public float. As of September 25,
2013, 106,350,413 Shares of the Corporation are outstanding. Daily purchases
will be limited to 102,327 Shares, other than block purchase exceptions.


The purchases may commence on September 30, 2013 and will terminate on September
29, 2014 or on such earlier date as UPC completes its purchases. The purpose for
the Bid is to provide UPC with a mechanism to decrease the potential spread
between the net asset value per Share and the market price of the Shares.


Purchases will be made by the Corporation in accordance with TSX requirements,
and the price which the Corporation will pay for any Shares will be the market
price of the Shares at the time of acquisition. All purchases will be effected
through the facilities of TSX. All purchased Shares will be cancelled.


Since being listed on the TSX in May 2005, the Corporation has purchased an
aggregate of 1,209,400 of its outstanding Shares. These purchases were effected
through the facilities of the TSX pursuant to a normal course issuer bid during
the twelve month period commencing June 14, 2011. All purchased Shares were
cancelled.


To the knowledge of the Corporation, no director, senior officer or other
insider of the Corporation currently intends to sell any Shares under the Bid.
However, sales by such persons through the facilities of TSX may occur if the
personal circumstances of any such person change or if any such person makes a
decision unrelated to these normal course purchases. The benefits to any such
person whose Shares are purchased would be the same as the benefits available to
all other holders whose Shares are purchased.


A copy of the Corporation's Notice filed with the TSX may be obtained, by any
shareholder without charge, by contacting UPC's Corporate Secretary.


CAUTION REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements contained herein may contain forward-looking
statements and forward-looking information that are based on the Corporation's
current internal expectations, estimates, assumptions and beliefs.
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as "may", "will", "expect", "intend",
"estimate", "anticipate", "plan", "should", "believe" or "continue" or the
negative thereof or variations thereon or similar terminology.


By their very nature, forward-looking statements involve numerous assumptions
and estimates. The Corporation has made certain assumptions about the
forward-looking statements and information contained herein, including its
ability to acquire Shares in the market through the Bid and in compliance with
regulatory requirements. A variety of factors, many of which are beyond the
control of the Corporation, may cause actual results to differ materially from
the expectations expressed in the forward-looking statements, such as future
market conditions and the behaviors of other market participants. For a list of
the principal risks of an investment in UPC, please refer to the "RISK FACTORS"
section of the Corporation's Annual Information Form ("AIF") dated May 2, 2013
available on UPC's website and SEDAR. These and other factors should be
considered carefully, and readers are cautioned not to place undue reliance on
these forward-looking statements. Although management reviews the reasonableness
of its assumptions and estimates, unusual and unanticipated events may occur
which render them inaccurate. Except where required under applicable securities
legislation, the Corporation does not undertake to update any forward-looking
information.


About Uranium Participation Corporation

Uranium Participation Corporation is a company that invests substantially all of
its assets in uranium oxide in concentrates ("U3O8") and uranium hexafluoride
("UF6") (collectively "uranium"), with the primary investment objective of
achieving appreciation in the value of its uranium holdings. Additional
information about Uranium Participation Corporation is available on SEDAR at
www.sedar.com and on Uranium Participation Corporation's website at
www.uraniumparticipation.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Uranium Participation Corporation
Ron Hochstein
President
(416) 979-1991 Ext. 232


Uranium Participation Corporation
James Anderson
Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com

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