Washington Resources Limited

Polaris Metals NL ("Polaris") and Washington Resources Limited ("Washington") are pleased to advise that the Initial Public Offer ("IPO") of Northern Uranium Limited ("Northern Uranium") has closed early and oversubscribed.

The Directors of Polaris Metals NL (ASX: POL) and Washington Resources Limited (ASX: WRL) are pleased to announce their intention to combine their highly prospective uranium assets, forming a new dedicated uranium company to be funded through an initial public offering ("IPO") and new listing on the ASX.