Hole 116: 2.5 Metres Grading 70.34% U3O8             Hole 94: 5.5 Metres Grading 12.62% U3O8             Hole 80: 18.5 Metres Grading 3.43% U3O8             Hole 79: 12 Metres Grading 10.18% U3O8             Hole 12: 11.9 metres grading 5.29% U3O8             Hole 19: 2.1 metres grading 4.11% U3O8             Hole 20: 15 metres grading 10.02% U3O8 including 2 metres grading 43.85% U3O8             Hole 21: 9 metres grading 10.06% U3O8 including 3 metres grading 22.72% U3O8             Hole 22: 6.5 metres grading 2.27% U3O8             Hole 28: 9.5 metres grading 2.60% U3O8 including 2 metres at 10.39% U3O8             Hole 30: 69 metres grading 2.33% U3O8             Hole 32: 6.5 metres grading 20.41% U3O8             Hole 37: 18 metres grading 4.15% U3O8             Hole 40: 23 metres grading 11.23% U3O8             Hole 42: 3.5 metres grading 5.92% U3O8             Hole 44: 13.5m grading 2.6% U3O8             Hole 56: 15 metres grading 12.03% U3O8 including 0.5 metres grading 70.7% U3O8             Hole 79: 12 Metres Grading 10.18% U3O8             Hole 80: 18.5 Metres Grading 3.43% U3O8             Hole 94: 5.5 Metres Grading 12.62% U3O8             Hole 116: 2.5 Metres Grading 70.34% U3O8
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 June 11, 2009
Bought Deal Flow-Through Share Financing Closes Raising Gross Proceeds of $12,000,000
 Vancouver, BC, Stephen G. Stanley, the President of Hathor Exploration Limited (HAT: TSX-V, the "Company"), announces the Company has closed an underwritten bought deal private placement with a syndicate of underwriters led by Salman Partners Inc., and including Canaccord Capital Corporation, Cormark Securities Inc., Dundee Securities Corporation, Raymond James Ltd., and Research Capital Corporation (the "Underwriters"), previously announced on May 28, 2009.

A total of 5,000,000 flow-through common shares (the "FT Shares") were sold at a price of $2.40 per FT Share. The Underwriters received a cash commission on the sale of the FT Shares, representing 5.5% of the gross proceeds raised, totalling $660,000. The Company also issued share purchase warrants to the Underwriters (the "Underwriters' Warrants") entitling the Underwriters to purchase an additional 275,000 common shares (the "Underwriters' Warrant Shares") at the price of $3.00 per common share until the close of business on June 11, 2011.

In accordance with securities legislation currently in effect, the FT Shares, the Underwriters' Warrants and Underwriters' Warrant Shares are subject to a "hold period" of four months plus one day from the date of closing, expiring October 12, 2009.

The proceeds of the Offering will be used to fund further exploration of the Company's Midwest Northeast uranium property, Saskatchewan and other Canadian exploration properties.

Hathor Exploration Limited
Stephen G. Stanley, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release
 
 

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