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Drilling Intersects Near Surface Uranium Mineralisation at Baltic Bore Highlights:

• Drilling has identified high grade uranium within three targets at Baltic Bore

• Results up to 1m @ 1217 ppm U3O8

• Uranium mineralisation identified from surface

• Uranium mineralisation identified within three separate targets

Exploration drilling at Raisama Ltd’s (RAI) 100% owned Baltic Bore project in Western Australia has been completed on four high-priority targets. A total of 56 aircore drill holes for a total of 547 metres were drilled with samples submitted for chemical assay. Assay results include: The drill programme was designed to test the level and extent of near surface uranium mineralisation at four targets.

Of the four targets tested three have returned anomalous uranium intercepts. The mineralisation in one of these targets remains open in multiple directions. This is a virgin discovery in an area of no previous drilling.

Raisama had identified the targets at Baltic Bore through a combination of a high resolution, airborne radiometric survey, geological mapping and surface rock chip sampling. Surface calcrete samples grading up to 657 ppm (0.066%) U3O8 have been identified at surface over the Kewell anomaly. Baltic Bore is approximately 100 km southeast of the Manyingee uranium deposit and 5 km north of the Jailor Bore uranium deposit in the Upper Gascoyne Province of Western Australia. The mineralisation is hosted in a combination of unconsolidated Quaternary sand, and Calcrete. The uranium mineralisation is interpreted to be within or adjacent to east west palaeodrainage channels of the Lyndon River where they abut an interpreted north south dyke.

The dyke could have acted as a natural dam to allow the precipitation of uranium from groundwater. The Baltic Bore project consists of one granted exploration licence covering an area of approximately 186 km2. Summary of drill results The following table summarises all of the drilling results received to-date in relation to the Company’s aircore drill program that was completed at Baltic Bore in June 2010. The table shows all drill intercepts that returned assay results greater than 100ppm (0.01%) U3O8.

For more information contact: David Berrie – Managing Director, Raisama Ltd Telephone: (+61 8) 9322 7702 Mobile: (+61) 418 980 289 Media inquires Ian Howarth – Collins Street Media Mobile: (+61) 407 822 319 Background Floated on the ASX in December 2009, Raisama is an emerging uranium development company with interests in Australia and the Kyrgyz Republic. Raisama’s uranium assets in Australia include five projects in Western Australia and one project in South Australia.

In the Kyrgyz Republic Raisama owns 75% of the Kashkasu II Project. Raisama received strong support for its $12.25m IPO from a wide mix of institutional, sophisticated and experienced resources sector and retail investors. The IPO was supported by China’s state-owned mining company Hebei Mining which, following the IPO, holds a 10.9% stake in the company. Raisama’s portfolio includes the 100% owned Sunday Creek project, located within the uranium prospective Paterson Orogen of Western Australia. It is located approximately 20km east of the Kintyre uranium deposit, sold by Rio Tinto to Canada's Cameco and Japan's Mitsubishi for US$500 million in 2008.

Cameco and Mitsubishi are currently drilling at the Kintyre deposit with a view to fast tracking the mine’s development..

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