URACAN ANNOUNCES CHANGE TO BOARD OF DIRECTORS
August 28, 2015 TSX Venture Exchange Symbol - URC Vancouver, Canada, August 28, 2015, Uracan Resources Ltd. ("Uracan" or the "Company")
(TSX.V:URC) announces the resignation of Gregg Sedun as a director of the Company. The Board would like to thank Mr. Sedun for his contributions over the past 9 years as a director, officer, as well as his co- founding role with the Company and wish him well in the future. Mr. Sedun has advised he will be available to management to assist with Uracan in the future if needed, and stated he will continue his support as a loyal shareholder.
ABOUT URACAN RESOURCES LTD.
Uracan Resources Ltd. (TSX.V:URC, OTC:URCFF) is a Canadian-based exploration company focused
on exploring for uranium deposits in Saskatchewan and Quebec, Canada. In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan acquired the option to earn from UEX a 60% participating interest in the Black Lake Property along the northern margin of the Athabasca Basin. UEX currently holds an 89.99% interest in the Black Lake Project with AREVA Resources Canada Inc. ("AREVA") holding the remaining 10.01% interest.
In July 2014, Uracan signed an agreement with Forum Uranium whereby Uracan can acquire up to a 70% interest in the Clearwater Property near the southwestern margin of the Athabasca Basin, immediately adjacent to Fission Uranium's Patterson Lake South discovery. Forum is the 100% owner of the Clearwater Property.
Since 2006, Uracan has discovered a N.I. 43-101 Indicated Mineral Resource estimate of 7 million lbs
U3O8 (21.5 million tonnes at a grade of 140 ppm U3O8 using a 100 ppm cut-off grade) and a N.I. 43-101
Inferred Mineral Resource estimate of 37 million lbs U3O8 (140.6 million tonnes at a grade of 120 ppm
U3O8 using a 100 ppm cut-off grade) on its 100%-owned exploration properties in Quebec.
Uracan continues to review additional opportunities worldwide to capitalize on management's exploration and financing capabilities.
On behalf of Uracan Resources Ltd.
"Clive Johnson" "Marc Simpson"
Chairman President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Marc Simpson Uracan Corporate Development
President and CEO 604-970-6980
Uracan Resources Ltd. www.uracan.ca
604-506-6996
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