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Yellow Cat Uranium Plc (YCUP)

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Monday 28 September, 2009

Yellow Cat Uranium Plc

Half-yearly Report


                            Yellow Cat Uranium plc                             

               Interim Report for the 6 months to 30th June 2009               

Dear Shareholders,

During the 6 months to 30th June 2009, Yellow Cat Uranium plc incurred a loss
of GBP 44,648, compared with GBP 58,454 in the same period last year.

In view of the fall in uranium prices and the difficulty of raising finance for
minerals exploration at present, the Directors decided to look for other
opportunities for the Company. As previously, announced, the Directors reviewed
in detail a coal resource in the USA, but decided not to pursue it as it was
impossible to raise the finance to explore and develop the property.

On 9th July 2009, the Directors signed a heads of agreement by which the
Company would be acquired by a biotechnology intellectual property company by a
reverse takeover. Subject to a successful completion of this acquisition, the
Directors believe that the Company will have adequate funds to meet its
requirements and develop the business.

By Order of the Board

Mahesh N Patel
Director
23rd September 2009


Unaudited Consolidated Profit & Loss Account                                   
                                                                               
For the six month period ended 30th June 2009                                  



                                               Period     Period        Year   
                                           01 January 01 January    ended 31   
                                           2009 to 30 2008 to 30    December   
                                            June 2009  June 2008        2008   
                                                  GBP        GBP         GBP

Turnover                                            -          -           -

Cost of sales                                       -          -           -   
                                                                               
Gross Profit                                        -          -           -   
                                                                               
Administrative expenses                      (44,194)   (59,231)   (229,947)   
                                                                               
Impairment charge                                                  (213,007)   
                                                                               
Currency loss                                   (456)      (218)       8,948   
                                                                               
Operating loss                               (44,650)   (59,449)   (434,006)   
                                                                               
Interest receivable                                 2        995       2,149   
                                                                               
interest payable                                    -          -           -   
                                                                               
Loss on ordinary activities before           (44,648)   (58,454)   (431,857)   
taxation                                                                       
                                                                               
Taxation                                            -          -           -   
                                                                               
Loss on ordinary activities after taxation   (44,648)   (58,454)   (431,857)   
                                                                               
Dividends                                           -          -           -   
                                                                               
Retained loss for the period attributable                                      
to shareholders of the company               (44,648)   (58,454)   (431,857)   
                                                                               


Unaudited Consolidated Balance Sheet                                           
                                                                               
As at 30 June 2009                                                             
                                                                               

                                  30 June 2009       30 June 2008   31 December 2008      

                                  GBP      GBP       GBP     GBP       GBP    GBP
                                                                                 
Fixed Assets                                                                     
                                                                                 
Intangible Assets                       44,200           274,825           44,200
                                                                                 
                                                                                 
                                                                                 
                                        44,200           274,825           44,200
                                                                                 
Current Assets                                                                   
                                                                                 
Debtors                        23,601             66,191            22,305       
                                                                                 
Cash at bank                    1,839            124,077            40,913       
                                                                                 
                               25,440            190,268            63,218       
                                                                                 
Creditors - amounts                                                              
due within one year          (42,863)           (38,224)          (31,482)       
                                                                                 
Net current assets /                  (17,423)           152,044           31,736
(liabilities)                                                                    
                                                                                 
Total assets less current               26,777           426,869           75,936
liabilities                                                                      
                                                                                 
Share capital and reserves                                                       
                                                                                 
Called up share capital        93,000             93,000            93,000       
                                                                                 
Share premium account         700,602            701,546           700,602       
                                                                                 
Treasury shares reserve       (4,000)            (4,000)           (4,000)       
                                                                                 
Foreign exchange reserve       54,902            (1,010)            22,403       
                                                                                 
Profit and loss account     (817,727)          (362,667)         (736,069)       
                                                                                 
                                                                                 
                                                                                 
Equity shareholders' funds              26,777           426,869           75,936



The financial information for the period ended 30 June 2009 has not been
reviewed or audited by the Company's auditor.

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


    


                                                                                                                                                                                                                                                            

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