Target Exploration & Mining: 2008 Update

Main Reasons for Target's Growth in 2008:

Target gained news momentum at the end of 2007 on all three project areas and look to have a very exciting and busy year ahead.

1) Shirley Basin Uranium Project, Wyoming -- confirm and expand historic uranium resource
2) Sinbad Uranium Property, Utah -- continue evaluation of projected extension of mineralized channels from historic uranium mine
3) Gold/Copper Properties, British Columbia -- drill test geophysical and soil anomalies

Key Milestones for Target in 2008:

Shirley Basin Uranium Properties:
1) Currently conducting data compilation, digitizing and computerized 3D geological modeling on more than 1,500 drill holes totalling in excess of 450,000 feet. Target has uncovered historic drill data, which shows uranium mineralization that was not incorporated into the historical resources.

2) Drill program scheduled for spring 2008 to upgrade the historical resources to 43-101 compliant resources and to expand the known mineralized zones.

Sinbad Uranium Property:
1) Drill program to follow up on 15 hole (3,300 feet) drill program from 2007. Drilling will test mineralization that remains open to the north-northeast and test remaining radon anomalies. Click here for high grade uranium intercepts from 2007 drill program

BC Gold/Copper Properties:
1) Summer drill program on both projects will test geophysical and gold-in-soil anomalies defined through 2007 exploration programs.
2) CDN $250,000 to be spent in BC in 2008.

Currently, Target has over 4.5 million lbs. of U3O8 (historical resources) and expects to build upon these resources in 2008 through future acquisitions, as well as through exploration and development on its present properties. Target has just under $4 million cash in the bank and is well funded for the year's work programs, thus preventing share dilution. The company has an excellent share structure with approximately 12 million shares outstanding and a market cap of $7.2 million.

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