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Uracan Resources Ltd.

Publié le 11 juillet 2007

Exploration begins at Pipewrench Lake, Saskatchewan

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Exploration begins at Pipewrench Lake, Saskatchewan

2007 program to follow up on uranium showings from last year



July 11, 2007

Trading Symbol: (TSX-V): URC


VANCOUVER, B.C. - Uracan Resources Ltd. (the "Company") is pleased to announce that it has commenced the summer work program at its 100% owned Pipewrench Lake Property in Saskatchewan, consisting of mapping, channel and grab sampling and ground geophysics, including radiometrics, on the 100 km (2) property area.

Pipewrench Lake is in the same geological belt - the Wollaston Domain - as the basement rocks of the large producing uranium mines of the Athabasca basin 120 km north however the Domain is at or near surface at Pipewrench Lake resulting in much lower exploration and development costs than in the Basin.

Like Uracan's North Shore Property in Quebec, Pipewrench Lake is hosted in a rock called pegmatite. One of the largest uranium mines in the world, Rio Tinto's open pit Rossing Mine in Namibia, is hosted in pegmatites and is the model for Uracan's exploration.

The work program will follow up initial results from the fall 2006 reconnaissance program which encountered up to 0.281% (6.19 lbs) U(3)O8 in grab samples and 0.086% (1.89 lbs) U(3)O8 over 1.7 meters in chip sampling as well as investigate additional targets on the property and generate new areas of interest for follow up.

Select historic drill intercepts from Pipewrench Lake include the following:

6.6 meters of 0.10 % U3O8 (21.8 feet of 2.3 lbs U3O8)
18.29 meters of 0.073 % U3O8 (60 feet of 1.6 lbs U3O8)
13.66 meters of 0.06 % U3O8 (44.8 feet of 1.3 lbs U3O8)
11.31 meters of 0.06 % U3O8 (37.1 feet of 1.3 lbs U3O8)

Uracan Resources Ltd. is a publicly-listed uranium exploration company, exploring for shallow, bulk tonnage style of uranium mineralization in Canada. Uracan is led by a team of proven exploration and mine entrepreneurs and mine-builders. The information in this news release has been prepared and reviewed by Marc Simpson, P. Geo., the Company's Qualified Person under National Instrument 43-101 standards.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Uracan Resources Ltd.


For further information please contact:

Investor Relations,Vanguard Shareholder Solutions
Tel:(604) 608-0824 or 1 866-898-0824
Email:
ir@vanguardsolutions.ca





Uracan Resources
Vanguard Shareholder Solutions
Vanguard Shareholder Solutions (Vanguard) provides, for remuneration, corporate communications and investor relations services to the above mentioned client(s). The information contained in this email is based on existing disclosure documents or other publicly available information. You are encouraged to seek independent verification of any information that is important to your decisions. By responding to your inquiry neither Vanguard nor the above mentioned client(s) is offering securities or advising or soliciting the purchase or sale of securities.


Uracan Resources Ltd.

EXPLORATEUR
CODE : URC.V
ISIN : CA91688U2002
Suivi et investissement
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Uracan Res. est une société d’exploration minière d'or et d'uranium basée au Canada.

Uracan Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont PIPEWRENCH, NORTH SHORE, PONTBRIAND et COSTEBELLE au Canada.

Uracan Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 308,3 millions CA$ (246,5 millions US$, 215,9 millions €).

La valeur de son action a atteint son plus bas niveau récent le 18 décembre 2015 à 0,01 CA$, et son plus haut niveau récent le 28 octobre 2021 à 7,31 CA$.

Uracan Res. possède 105 940 000 actions en circulation.

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