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Yellow Cat Uranium Plc (YCUP)

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Thursday 26 June, 2008

Yellow Cat Uranium Plc

Final Results


                            Yellow Cat Uranium plc                             

              Final results for the period ended 31 December 2007              

Chairman's statement

Dear Shareholders,

The Directors are pleased to present the annual report and audited accounts for
Yellow Cat Uranium plc covering the year to 31st December 2007. The results
show a loss of £258,586 for the year to 31 December 2007.

The Company's principal activity in 2007 was the exploration for uranium on
mining leases in Utah and Colorado in the USA. The leases are situated in
south-eastern Utah and in the immediately adjacent part of south-western
Colorado and total approximately 10,500 acres. The Company is also in
negotiations to acquire a further property in the same area, which has some
historical shows of uranium from earlier exploration.

Drilling commenced on the Big Flat Bull canyon property in Utah in November/
December 2007 with 3 holes being drilled. The results to date were
inconclusive.

The Directors have begun discussion with a Canadian company with a view to
farming out these properties, with the Canadian company paying for further
exploration and the Company being left with a carried interest.

During 2007, the Company acquired properties in Paraguay that seemed to have
potential for uranium and other minerals. After further investigation of the
properties, the Directors made the decision to relinquish its rights over these
properties on the basis of severe long-term licence restrictions substantially
hindering the exercise of its rights over the properties. The Company had
issued 20 million shares to the vendors of the Paraguayan Company as
consideration for the acquisition of these properties, however the 20 million
ordinary shares have been returned and the shares are now held in trust, as
Treasury shares on the Company's behalf.  The initial cash payment and advance
to the Paraguayan Company has been written off in the year, a total of £
103,788.

The Directors are currently in discussions to acquire some coal properties in
the USA. Discussions are at an early stage and a further announcement will be
made in due course.

Gearge Heard

Chairman /Managing Director

26th June 2008

Consolidated profit and loss account for the year ended 31 December 2007

                                          Year ended 31         Period
                                          December 2007               
                                                           16 November
                                                      £        2005 to
                                                                      
                                                           31 December
                                                                  2006
                                                                      
                                                                     £
                                                                      
Turnover                                              -              -
                                                                      
Cost of sales                                         -              -
                                                                      
Gross profit                                          -              -
                                                                      
Administrative expenses                       (259,924)       (43,975)
                                                                      
Currency (loss)                                 (6,145)        (1,519)
                                                                      
Operating loss                                (266,069)       (45,626)
                                                                      
Interest receivable                               7,694              -
                                                                      
Interest payable                                  (211)              -
                                                                      
Loss on ordinary activities before            (258,586)       (45,626)
taxation                                                              
                                                                      
Taxation                                              -              -
                                                                      
Loss on ordinary activities after             (258,586)       (45,626)
taxation                                                              
                                                                      
Dividends                                             -              -
                                                                      
Retained loss for the period                  (258,586)       (45,626)
attributable to Shareholders of the                                   
Company                                                               
                                                                      
Loss per share - basic                     (0.06) pence   (0.02) pence

Consolidated balance sheet as at 31 December 2007

                              31 December 2007        31 December 2006   
                                                                         
                                      £                      £           
                                                                         
Fixed assets                               257,207                 78,281
                                                                         
Intangible assets                                                        
                                                                         
                                           257,207                 78,281
                                                                         
Current assets                 76,986                  22,665            
                                                                         
Debtors                       181,225                  26,475            
                                                                         
Cash at bank                                                             
                                                                         
                              258,211                  49,140            
                                                                         
Creditors - amounts due      (31,038)                (99,047)            
within one year                                                          
                                                                         
Net current                                227,173               (49,907)
                                                                         
assets/(liabilities)                                                     
                                                                         
Total assets less current                  484,380                 28,374
                                                                         
Liabilities                                                              
                                                                         
Share capital and reserves     93,000                  74,000            
                                                                         
Called-up share capital       700,602                       -            
                                                                         
Share premium account         (4,000)                       -            
                                                                         
Treasury shares reserve       (1,010)                       -            
                                                                         
Foreign exchange reserve                                                 
                                                                         
Profit and loss account     (304,212)                (45,626)            
                                                                         
Equity shareholders' funds                 484,380                 28,374
                                                                         

The Directors do not recommend the payment of a dividend.

The consolidated results for the period have been extracted from the audited
financial statements of the group for the period and do not constitute full
statutory accounts for the group.


                                                                                                                                                                                                                                 

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