RUSSIA, ARMENIA TO SIGN AGREEMENT TUE TO SET UP URANIUM JV

Prime-Tass English-language Business Newswire
April 21, 2008 Monday 7:41 PM EET

MOSCOW, April 21 (Prime-Tass) — Russia and Armenia will sign an
agreement on Tuesday to set up a joint venture to explore and mine
uranium, Russian state corporation Rosatom said Monday.

The agreement will be signed by Russia’s Atomredmetzoloto CEO Vadim
Zhivov and Armenian Environmental Protection Minister Aram Harutyunyan
in the Armenian capital of Yerevan.

Atomredmetzoloto is wholly owned by nuclear power holding
Atromenergoprom, which is part of Rosatom.

In February, Russia and Armenia signed a memorandum to set up a joint
venture to explore, develop and process uranium in Armenia.