International Enexco Ltd. reported that drilling operations will resume at International Enexco's Mann Lake uranium project located in the eastern portion of the Athabasca Basin, Saskatchewan. Site preparations for a winter program will begin in December of this year, with drilling to commence as weather permits. The Mann Lake project is a uranium exploration joint venture between International Enexco Ltd. (30%), Cameco Corporation (52.5%), and AREVA Resources Canada Ltd. (17.5%). The project is located approximately 25 km southwest of Cameco's McArthur River uranium deposit, the world's largest and highest grade uranium mine, and approximately 20 km northeast of Cameco's Millennium uranium deposit. The forthcoming drill program, to be operated by Cameco, will consist of 4 to 5 diamond drill holes totaling approximately 3,000 to 3,800 m. Drill targets selected are from interpreted results of previous drill and ground exploration programs along the project's C conductor trend including 2009 drilling, gravity coverage and geochemical surveys. The C conductor trend extends north-south for approximately 5,000 m through the central portion of the Mann Lake property and is marked by both geochemical and structural anomalies. The proposed drill program will continue to focus on the C conductor trend by following these anomalies. Two holes will target a recently improved geochemical anomaly and large unconformity offset west of the previously drilled high-grade intersections discovered at Mann Lake in 2006 (7.12% U3O8 over 0.25 m and 5.53% U3O8 over 0.4 m) and located in the basement within 12 m of the unconformity. Two other holes will target the northern portion of the C conductor trend where 2009 drilling intersected 163.8 m of 1.74 ppm uranium and 1,006 ppm boron in the lower portion of the sandstone. The combined presence of boron and anomalous uranium are considered to be significant exploration guides for high-grade basement-hosted uranium in the eastern part of the Athabasca Basin.

International Enexco Ltd. reported that the company has received from Cameco Corp. the remaining assay results from the 2009 winter drill program at Mann Lake. A total of 4,155 metres were drilled in six holes ranging in depth from 648m to 732m. Strong alteration system indicators including high concentrations of boron (B) and low grade eU308 over long intersections were discovered in the sandstone formation (above the unconformity) during the 2009 winter drill program at Mann Lake. These indicators are often associated with unconformity (basement hosted) style uranium mineralization in the southeastern portion of the Athabasca Basin. Basement hosted uranium discoveries in the Athabasca Basin are often considered to be more desirable in terms of ease of mining and avoidance of possible water problems that sandstone can sometimes present. High grade, basement hosted eU308 averaging 7.12% over 0.25 m and 5.53% over 0.4 m was discovered within 12 m of the unconformity during Cameco's 2006 Mann Lake drill program at depths of just over 500 m. Combined assay results from all prior Mann Lake drill programs are particularly encouraging and further drill programs are anticipated. The Mann Lake Project is located in northern Saskatchewan's Athabasca Basin. The project is located approximately 20 km from Cameco's McArthur River Mine (332 million lbs eU308), 65 km from the historic Key Lake Mine (166 million lbs eU308) and 15 km from Cameco's Millennium deposit (46.8 million lbs eU308). Cameco Corp. is project operator and the property is partnered as follows: International Enexco 30%, Cameco Corp. 52.5% and AREVA 17.5% with all partners financing exploration as per their%.

International Enexco Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company has reported net loss before other items of CAD 326,758, net loss before tax of CAD 315,196, comprehensive loss of CAD 312,476 and net loss of CAD 315,196 or CAD 0.01 loss per share compared to net loss before other items of CAD 371,320, net loss before tax of CAD 239,581, comprehensive income of CAD 248,460 and net loss of CAD 250,500 or CAD 0.01 loss per share reported in the same period last year. Cash flows from operating activities were CAD 250,869 against CAD 229,265 reported last year. For the quarter, the company has incurred CAD 750,260 on expenditures on mineral properties against CAD 1,220,291 and CAD 10,432 on purchase of capital assets against CAD 226,368 incurred last year. For the six months, the company has reported net loss before other items of CAD 595,902, net loss before tax of CAD 537,227, comprehensive loss of CAD 413,767 and net loss of CAD 420,227 or CAD 0.02 loss per share compared to net loss before other items of CAD 651,958, net loss before tax of CAD 352,669, comprehensive loss of CAD 371,408 and net loss of CAD 363,588 or CAD 0.02 loss per share reported in the same period last year. Cash flows from operating activities were CAD 471,180 against CAD 146,106 reported last year. For the six months period, the company has incurred CAD 2,232,466 on expenditures on mineral properties against CAD 2,265,168 and CAD 11,022 on purchase of capital assets against CAD 847,987 incurred last year.