RESTATEMENT (Tables)

3 Months Ended

Mar. 31, 2013

RESTATEMENT

Schedule of effects of the restatement adjustments on financial statements

Consolidated Balance Sheet

	March 31, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Assets
Property, plant and equipment	109,328,318		(9,297,190	)	100,031,128
Total Assets	58,224,699		(9,297,190	)	48,927,509
Shareholders’ equity
Accumulated deficit	(166,352,500	)	(9,297,190	)	(175,649,690	)
Total shareholders’ equity	50,258,986		(9,297,190	)	40,961,796
Total liabilities and shareholders’ equity	58,224,699		(9,297,190	)	48,927,509

Consolidated Statement of Operations

	Three Months Ended March 31, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	98,905		322,855		421,760
Total cost of uranium sales	1,238,885		322,855		1,561,740
Loss from operations before corporate expenses	(1,238,885	)	(322,855	)	(1,561,740	)
Loss from operations	(3,920,100	)	(322,855	)	(4,242,955	)
Net Loss	(4,150,592	)	(322,855	)	(4,473,447	)
Basic and diluted net loss per common share	(0.24	)	(0.02	)	(0.26	)

Consolidated Statement of Cash Flows

	Three Months Ended March 31, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Net Loss	(4,150,592	)	(322,855	)	(4,473,447	)
Additions to uranium properties	(338,581	)	322,855		(15,726	)

Consolidated Statement of Operations

	Three Months Ended March 31, 2012
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	26,715		603,195		629,910
Total cost of uranium sales	655,487		603,195		1,258,682
Loss from operations before corporate expenses	(655,487	)	(603,195	)	(1,258,682	)
Loss from operations	(3,700,507	)	(603,195	)	(4,303,702	)
Net Loss	(3,606,470	)	(603,195	)	(4,209,665	)
Basic and diluted net loss per common share	(0.37	)	(0.06	)	(0.43	)

Consolidated Statement of Cash Flows

	Three Months Ended March 31, 2012
	As Reported		Adjustment		As Restated
	$		$		$
Net Loss	(3,606,470	)	(603,195	)	(4,209,665	)
Additions to uranium properties	(964,621	)	603,195		(361,426	)