Vancouver, BC, February 29, 2008: Artha Resources Corp. (AHC.P - TSX.V) is pleased to announce that it has filed its amended and restated Filing Statement with the TSX Venture Exchange (the "Exchange") and with the Securities Commissions of British Columbia and Alberta. Artha's Filing Statement discloses particulars of its option and joint venture agreement with Energy Metals Corporation ("EMC") and Energy Metals Corporation (US) ("EMC-USA"), which constitutes Artha's Qualifying Transaction under the rules of the Exchange. EMC and EMC-USA are subsidiaries of Uranium One Inc. (UUU - TSX). Artha intends to close the transactions underlying the option and joint venture agreement on or about March 6, 2008. A private placement for gross proceeds of $1,515,950.10 is scheduled to close concurrently with the closing of the Qualifying Transaction. 

Artha's Filing Statement is available for viewing under the Company's profile on SEDAR at www.SEDAR.com. 

The Properties

Under the option and joint venture agreement, Artha has the option to acquire up to a 70% interest in four Uranium prospects in Wyoming. 

Clarkson Hill (Qualifying Property)

The Company commissioned BRS Inc. of Riverton, Wyoming to prepare a technical report regarding the Clarkson Hill Property; this report (the "Technical Report") is dated October 21, 2007 as amended and restated February 26, 2008 and is available for viewing under the Company's profile on SEDAR at www.SEDAR.com. Douglas Beahm, the principal engineer and president of BRS Inc. and the author of the Technical Report, is a "Qualified Person" for the purposes of NI 43-101 and is considered independent of Artha thereunder. The following information regarding the Clarkson Hill Property is derived from and qualified in its entirety by the Technical Report. 

The Clarkson Hill Property is located approximately 20 miles from Casper in Natrona County, Wyoming. 

The Technical Report provides a summary of mineral resources. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The Clarkson Hill Property was explored beginning in the 1950's but more extensively from the 1970's through the mid 1980's with the principal exploratory work and drilling completed by Minerals Exploration Company. 

The deposit is closely drilled, approximately fifty to one hundred foot centers. The drilling demonstrates continuity particularly along the mineralized trends. Based on the drill density and the apparent continuity of the deposit along trend the mineral resource estimate meets the criteria as inferred mineral resources under the CIM Standards on Mineral Resources and Reserves. Mineral resources are reported based on minimum grade cutoffs of 0.02 weight % eU₃O₈ and at GT cutoffs of 0.10, 0.25 and 0.50. For reporting purposes the 0.25 cutoff is recommended and is thus highlighted in the mineral resource tabulations that follow. 

Drilling on the Clarkson Hill Property included approximately 233 rotary and 17 core holes on the property. The data utilized as the basis of this evaluation and in the preparation of the Technical Report was acquired by Artha from EMC. No additional drilling was completed on the property. Data available for this mineral resource evaluation was complete with the exception of actual drill and or core samples and included: 

• Copies of all geophysical logs 
• Copies of all lithological logs 
• Copies of chemical assays 
• Copies of reports and studies referenced in the Technical Report 
• Surveyed hole locations and elevations 
• Drill hole maps 
• Geologic Cross Sections 

No economic evaluation of the mineralization described in the Technical Report was completed. Thus, the estimate that follows is solely a mineral resource estimate. Previous estimates assumed mining by open pit and/or underground mining methods with conventional mineral processing. Amenability of the Clarkson Hill Property's mineral resources to ISR methods will be dependent upon hydrological conditions. 

The current mineral resource estimate follows: 

Inferred Mineral Resources: 

The Clarkson Hill Property is subject to two royalties, being a 0.5% to 3.0% yellow cake royalty payable on all uranium produced and marketed therefrom, and a 5% royalty payable on uranium products mined and removed from those lands underlying Wyoming State Lease State Lease No. 0-42250. For further details on the Clarkson Hill Property, please refer to Artha's Filing Statement and Technical Report under the Company's profile on SEDAR at www.SEDAR.com. 

The Other Properties

The option and joint venture agreement also covers additional properties known as the WY Property, DCB Property, and BL Property. As Artha intends to focus its activities over the next twelve months on the Clarkson Hill Property, it does not consider these additional properties to be its material properties at this time. For a description of these properties, please refer to Artha's Filing Statement under the Company's profile on SEDAR at www.SEDAR.com

Ken Midan, P.Eng, a director of Artha is a Qualified Person under NI 43-101, and as such has reviewed the content of this news release. The Terms The following is a summary of the material terms of the option and joint venture agreement: Artha may exercise its right (the "First Option") to earn up to 60% interest in the properties by incurring a total of Cdn $5 million in exploration expenditures and issuing 1,813,060 shares as follows:

1. . incurring exploration expenditures on one or more Properties as follows:
   1. $500,000 within 18 months of approval of the Qualifying Transaction by the Exchange ("Regulatory Approval"); 
   2. a further $1,000,000 within 30 months of Regulatory Approval; 
   3. a further $1,000,000 within 42 months of Regulatory Approval; 
   4. a further $1,000,000 within 54 months of Regulatory Approval; and 
   5. a further $1,500,000 within 60 months of Regulatory Approval, 
2. and delivering to EMC:
   1. 415,765 common shares of Artha, appropriately adjusted for any subdivisions, consolidations or other authorized capital changes relating to Artha's share capital after the date hereof ("Shares") following the first anniversary of Regulatory Approval;
   2. a further 465,765 Shares following the second anniversary of Regulatory Approval; 
   3. a further 465,765 Shares following the third anniversary of Regulatory Approval; and 
   4. a further 465,765 Shares following the fourth anniversary of Regulatory Approval. 

Artha may earn a further 10% for a total of 70% by paying all exploration and development costs after the exercise of the First Option and delivering a feasibility study to EMC within 18 months of the exercise of the First Option.

The above Share issuances are limited for the first three years after Regulatory Approval in that Artha may be required to delay the issue of Shares to EMC if, following any such issuance, the total number of Shares or other securities of Artha carrying voting rights (together, "Voting Securities") that EMC directly or indirectly beneficially owns, controls, has direction over, or has through a combination of direct or indirect beneficial ownership of and control or direction over, would exceed 9.99% of the total number of issued and outstanding Voting Securities.

Back-In Right

EMC has the option to purchase from Artha an additional interest in a particular Property to take EMC's interest in the Property to 50%, subject to the following and certain other conditions:

1. if a feasibility study has not been prepared for the property, EMC shall pay to Artha a cash amount equal to three times the amount of expenditures incurred by Artha on the properties; and
2. if a feasibility study has been prepared for the property, EMC shall pay to Artha a cash amount equal to five times the amount of expenditures incurred by Artha on the properties;

EMC will also have the right to participate in future equity financings to a maximum of 20% of such equity issuances for a period of 12 months following Regulatory Approval. In addition, at Artha's next meeting of shareholders, EMC will be entitled to nominate two directors for election to the Board of Directors of Artha.

For further details on the option and joint venture agreement, please refer to Artha's Filing Statement and Technical Report under the Company's profile on SEDAR at www.SEDAR.com.

Private Placement and Capitalization

Concurrently with the closing of its Qualifying Transaction, Artha expects to close a private placement financing of 4,331,286 units at a price of $0.35 per unit, for gross proceeds to Artha of up to $1,515,950.10. Each unit will consist of one common share and one common share purchase warrant exercisable into one additional common share for a period of two years, at an exercise price of $0.65.

The net proceeds of the Private Placement are intended to be used to undertake the Company's proposed work program on the Clarkson Hill Property, for administrative expenses and for general working capital requirements.

The securities sold under the private placement will be subject to a four-month hold period and may not be traded during that time except as permitted by Canadian securities legislation and the Exchange.

Upon completion of its Qualifying Transaction and private placement, Artha expects to have 11,331,287 common shares issued and outstanding.

Resumption of Trading and Post-Closing Status

The common shares of Artha are expected to resume trading on the Exchange on March 7, 2008. Artha's trading symbol will be "AHC" and the Company expects to be classified as a Tier 2 mining issuer. 

Principals of Artha upon Completion of the Qualifying Transaction

Artha intends to retain its current management team and directors, consisting of Todd McMurray, Christine Thomson, Ken Midan, Kamal Nagra, David Straw, and William Sheriff.

For Information Contact 
Todd McMurray 
Tel: 604 641 1396
Email: wtmcmurray@gmail.com 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of transactions, the timing and amount of payments and securities issuances, the completion of financings, the use of proceeds, future exploration, development and production activities and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated transactions, payments, share issuances and financings, the use of proceeds, the time and success of future exploration, development and production activities and the timing and amount of expenditures.