Genx Resource Corporation, Inc.

URANIUM PRICE CHART

The McLaren Lake Project, NWT. Canada

The McLaren Lake project ("McLaren Lake") consists of 6,043.05 acres in the Great Bear Lake area and is located approximately 430 kilometers north of Yellowknife, NWT at latitude 66.64° N and longitude 116.79° W. McLaren Lake's mineral tenure covers known copper and uranium occurrences in Proterozoic rock that correlate with rock of other IOCG deposits worldwide. This is consistent with the mineralization and geology of the Great Bear magmatic zone and indicates similarities with large tonnage IOCG-type deposits worldwide such as the Olympic Dam in Western Australia and the Kiruna Belt of Sweden. The Olympic Dam or iron oxide-copper-gold (IOCG) model is proposed as main exploration model for the McLaren Lake Property in this part of the Great Bear Magmatic Zone.

The Olympic Dam deposit at Roxby Downs in the Gawler craton of southwest Australia consists of dike-like, hematite-rich diatreme breccias in granite and felsic volcanics, and has a reported resource of 2.32 billion tonnes of 1.6 per cent copper, 0.5 gram per tonne gold, 3.5 grams per tonne silver and 0.4 kilogram per ton U3O8. The McLaren Lake property is situated in a geological setting that has the potential to host high-unit-value polymetallic mineralization associated with large-tonnage, IOCG-type deposits.

McLaren Lake is located within 80km of former producing mines and is on the same fault structure as Eldorado Mine, the Echo Bay Mine, and the Contact Lake Mine. These mines produced, intermittently from 1930 until 1985, over 48 million ounces silver, 15 million pounds of U3O8 and 7000 tons of copper (Strand, 1996). In addition several mineral showings, prospects and small deposits are documented within the property. The Contact Lake (Eldorado) project of Alberta Star Development Corp., is being explored for iron-oxide, copper, gold, silver and uranium (IOCG) targets. Alberta Star has commenced a major exploration program, including a minimum of 15,000 meters of diamond drilling.

The McLaren Lake property hosts 11 copper showings over 3 1/2 miles with several of these rating as high grade copper zones. The property has reported values as high as 17.0 % copper from grab samples and 3.1% copper over a 6 foot intersection. Along with these substantial shows the property is hosts showing of 0.43% U3O8 (Uranium) , and 0.22 oz/ton of Silver.

The McLaren Lake property is located the historically mineral rich Great Bear Magmatic Zone, as evidenced from the production records of five former past producing silver and uranium mines in the area. GenX is among other mineral exploration companies in the area to successfully acquire and control a land package in this mineral rich region of the Northwest Territories. The Contact Lake area has long been recognized by geologists, as one of the most prospective Iron oxide copper, gold, silver and uranium regions in Canada. The current August, 2006 spot price for Uranium is now $46.00 US per pound, Copper $3.45 per pound and Gold $618.00 per ounce