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Yellow Cat Uranium Plc (YCUP)

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Thursday 18 September, 2008

Yellow Cat Uranium Plc

Half-yearly Report


                            Yellow Cat Uranium plc                             

               Interim Report for the 6 months to 30th June 2008               

Dear Shareholders,

During the 6 months to 30th June 2008, Yellow Cat Uranium plc incurred a loss
of £58,454, compared with £59,943 in the same period last year.

In view of the fall in uranium prices and the difficulty of raising finance for
exploration at present, Directors decided to look for other methods of
continuing to develop the properties in Utah and Colorado. Accordingly, in
July, the Company entered into a heads of agreement with Global Uranium Limited
under which Global Uranium has agreed to spend up to USD 750,000 over the next
3 years on the properties in Utah and Colorado in order to earn up to a 50%
interest in these properties, with the option to increase this interest to 75%
by spending a further USD 1,250,000 over the subsequent 2 years..

Directors are in talks to acquire coal properties in the USA and are currently
undertaking detailed due diligence and expect to make a further announcement on
this before the end of the year.

By Order of the Board
Mahesh N Patel
Director

17th September 2008


Unaudited Consolidated Profit & Loss Account

For the six month period ended 30th June 2008

                                             Period 01   Period 01   Year ended  
                                               January     January  31 December 
                                            2008 to 30  2007 to 30         2007        
                                             June 2008   June 2007               

                                                     £           £           £      
                                                                               
Turnover                                             -           -           -      
                                                                               
Cost of sales                                        -           -           -      
                                                                               
                                                                               
                                                                               
Gross Profit                                         -           -           -      
                                                                               
Administrative expenses                        (59,231)   (56,224)    (259,924)
                                                                               
Currency loss                                     (218)    (6,510)      (6,145)
                                                                               
Operating loss                                 (59,449)   (62,734)    (266,069)
                                                                               
Interest receivable                                 995      2,791        7,694
                                                                               
Interest payable                                      -          -        (211)
                                                                               
Loss on ordinary activities before taxation    (58,454)   (59,943)    (258,586)
                                                                               
Taxation                                              -          -            -
                                                                               
Loss on ordinary activities after taxation     (58,454)   (59,943)    (258,586)
                                                                               
Dividends                                             -          -            -
                                                                               
Retained loss for the period attributable                                      
                                                                               
To shareholders of the company                 (58,454)   (59,943)    (258,586)



Unaudited Consolidated Balance Sheet

As at 30 June 2008

                                                30 June     30 June     31 Dec.
                                                   2008        2007        2007
                                                      £           £           £     
                                                                               
Fixed Assets                                                                   
                                                                               
Intangible Assets                               274,825     175,861     257,207
                                                                               
                                                                               
                                                                               
                                                274,825     175,861     257,207
                                                                               
Current Assets                                                                 
                                                                               
Debtors                                          66,191      62,552      76,986
                                                                               
Cash at bank                                    124,077     491,884     181,225
                                                                               
                                                190,268     554,436     258,211
                                                                               
Creditors - amounts                                                            
                                                                               
due within one year                            (38,224)    (44,320)    (31,038)
                                                                               
Net current assets / (liabilities)              152,044     510,116     227,173
                                                                               
Total assets less current liabilities           426,869     685,977     484,380
                                                                               
Share capital and reserves                                                     
                                                                               
Called up share capital                          93,000      89,000      93,000
                                                                               
Share premium account                           701,546     702,547     700,602
                                                                               
Treasury shares reserve                         (4,000)      -          (4,000)
                                                                               
Foreign exchange reserve                        (1,010)      -          (1,010)
                                                                               
Profit and loss account                       (362,667)   (105,570)   (304,212)
                                                                               
                                                                               
                                                                               
Equity shareholders' funds                      426,869     685,977     484,380

The financial information for the period ended 30 June 2008 has not been
audited and does not constitute statutory accounts within the meaning of
Section 240 of the Companies Act 1985.

The Directors of Yellow Cat Uranium plc accept responsibility for this
announcement.


                                                                                                                                                                                                                                                      

a d v e r t i s e m e n t