Hathor Expands Senior Management Team

Hathor Exploration Limited (HAT: TSX-V) is pleased to announce five changes to senior management and the Board of Directors, effective immediately. Dr. Michael Gunning is appointed as President and CEO. Mr. Jim Malone is appointed as Chairman of the Board. Mr. Jay Fredericks is appointed as the new Vice President, Project Development. Dr. Alistair McCready is appointed Vice President Exploration. Mr. Ben Ainsworth is appointed as a Special Advisor to the Board, Special Projects and New Business Opportunities.

These additions and changes to Hathor’s senior management team reinforce the Company’s transition through 2010 from a pure junior explorer to a uranium exploration and development company. Dr. Gunning as President and CEO, will continue his focus on sustained project development and company growth. Through his 25 years of diverse and valuable experience in mineral exploration, geological research, and more specifically, the uranium sector, Dr. Gunning will continue to guide an expanding team capable of tackling all aspects of project development at Roughrider and exploration at Russell and other properties. An integrated plan is developed for 2011 to pursue key milestones in corporate development, mineral resource estimation and economic scoping.

Mr. Stephen Stanley has elected to resign as President and CEO and Director of Hathor. The Board of Directors thanks Mr. Stanley for his considerable contributions in building Hathor from the ground up during the past five years. We wish him well in his future endeavours.

Mr. Jim Malone, Director, is widely recognized as a nuclear industry expert, with more than 40 years of experience in the down-stream business, most recently as Vice President, Nuclear Fuels, Exelon Generation Company, LLC, the largest generator of nuclear power in North America. As the newly appointed Chairman at Hathor, Mr. Malone will take an active role with respect to corporate development. His knowledge of the global uranium supply-demand balance, and sales contract platforms provided for open communication between Hathor and various North American nuclear industry companies with respect to the Roughrider project. That process will continue in 2011, and expand to Asia. Mr. John Currie, outgoing Chairman, will remain on the Board of Directors. His track record in corporate finance at Intrawest and Lululemon will serve Hathor well.

Mr. Jay Fredericks is appointed Vice President, Project Development. Mr. Fredericks will oversee economic scoping and other aspects of overall project development at Roughrider. Mr. Fredericks now represents Hathor as a new participant on the Saskatchewan government-industry uranium royalty review committee. Mr. Fredericks brings to Hathor more than 17 years of experience with the Saskatchewan government in uranium and a broad range of expertise in the uranium sector in the fields of mineral policy, mineral development and market development in the Asia-Pacific region. Mr. Fredericks provides senior management with the depth and experience necessary to successfully optimize full economic scoping of the Roughrider project.

Dr. Alistair McCready is promoted to Vice President, Exploration. Dr. McCready has served the Company as Senior Project Geologist and Exploration Manager, has overseen the Roughrider project since its inception, and has successfully developed a fully functioning field exploration office for Hathor in Saskatoon, including a full-time exploration staff with extensive and specific experience in uranium exploration in the Athabasca Basin. He has over 13 years of global exploration and research experience in uranium, base metals and gold. As Vice President, Dr. McCready will continue to oversee the advancement of the Company’s core assets and ensure the Company is open to opportunities in the Athabasca Basin.

Mr. Ben Ainsworth, Director, is appointed as Advisor to the Board, Special Projects and New Global Opportunities. He is a senior geological and mining consultant with over 35 years of industry experience. He held numerous positions with Placer Development, including Senior Geologist, Chief Geochemist, Exploration Manager- Eastern Canada, Exploration Manager- Chile, and President- Placer Chile, South America. His breadth of experience across the exploration and mining sector, and around the world, is an asset to the Board as it considers new business opportunities in the resource sector.

For more information on Hathor, please visit the company’s website at www.hathor.ca, or contact Tony Nunziata at 403-560-7040 or Kelsea Murray at 604-684-6707.

On Behalf of the Board of Directors

Hathor Exploration Limited

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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