ESO Announces $2,000,000 Private Placement

ESO Uranium Corp. (TSX-V: ESO), (the �Company� or �ESO�), announced that it is proceeding with a non-brokered private placement for gross proceeds of up to $2,000,000 (the �Offering�).

Pursuant to the Private Placement, the Company will issue an aggregate of:

(i) up to 10,000,000 flow-through units (�FT Unit�) to be issued at a price of $0.10 per FT Unit, for a total of $1,000,000.  Each FT Unit will consist of one flow-through common share and one share purchase warrant (�FT Warrant�), where each FT Warrant will entitle the holder to purchase one non-flow-through common share at a price of $0.15 per share for a period of 12 months; and
(ii) up to 10,000,000 non-flow-through units (�NFT Unit�) to be issued at a price of $0.10 per NFT Unit, for a total of $1,000,000.  Each NFT Unit will consist of one non-flow-through common share and one share purchase warrant (�NFT Warrant�), where each NFT Warrant will entitle the holder to purchase one non-flow-through common share at a price of $0.12 per share for a period of 12 months.

The Company may, in appropriate circumstances, pay finders fees in connection with the Offering consisting of:

(i) a cash fee equal to an 8% of the gross proceeds received from the sale of FT Units and NFT Units; and
(ii) finders options (�Finders Options�) equal to 8% of the number of FT Units and NFT Units sold.  Each Finders Option will entitle the holder to purchase one NFT Unit at a price of $0.10 per NFT Unit for a period of 12 months from the date of issue of the Finders Option.

The Offering is subject to TSX Venture Exchange acceptance, and all securities issued in connection with the Offering will be subject to a four (4) month hold period.

The gross proceeds from the sale of the FT Units shall be used to fund exploration on the Company�s properties in the Athabasca Basin, Saskatchewan, including the Patterson Lake South Property, and the net proceed from the sale of the NFT Units shall be used for general working capital.

The Patterson Lake South property is a 50%/50% Joint Venture held with Fission Energy Corp. (TSX-V: FIS). The project covers 13,497 ha (more than 30,000 acres) in 12 mineral claims on the southwest margin of the Athabasca Basin in the Broach Lake - Patterson Lake area.  The Patterson Lake South Property is accessible by road with primary access from all weather Highway 955, which runs north to the former Cluff Lake mine (approximately 60 Million pounds Uranium produced), and passes through the nearby UEX-Areva Shea Creek discoveries (approximately 100,000,000 lbs uranium in a combined indicated and inferred resource estimate from 2010) located 50km to the north, currently under continuing active exploration and development. The Patterson Lake South Joint Venture project is jointly operated by Fission Energy Corp. and ESO.