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Uracan Resources Ltd.

Publié le 19 février 2008

RESOURCE CALCULATION TO SOON BEGIN ON DOUBLE S ZONE

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Mots clés associés :   Canada | Uranium |
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RESOURCE CALCULATION TO SOON BEGIN ON DOUBLE S ZONE
URACAN HAS 3 DRILLS DRILLING 15,000 � 20,000 METRES TOTAL IN FIRST HALF 2008 IN QUEBEC AND SASKATCHEWAN


February 19, 2008

Trading Symbol: (TSX � V): URC

HIGHLIGHTS:

- first resource estimate on North Shore Property expected May/June 2008
- 2 drills now drilling in Quebec
- 1 drill now operating in Saskatchewan
- ongoing drilling will provide steady news flow for several months

Vancouver, Canada � Uracan Resources Ltd. (the �Company�) is pleased to announce that it plans to commence the preliminary stages of a resource estimate for the Double S zone at the North Shore Property, Quebec. As well the company outlines its drilling program for the first half of 2008.
The second drill rig for the company�s 100% owned North Shore Property began drilling on February 14. The first drill is exploring extensions to the 1500 metre strike length of the Double S Zone discovery. Uranium mineralization at Double S begins at surface, and is open down dip and along strike. Double S lies within the large 225 km 2 Turgeon Lake Intrusive Complex (TLIC), which hosts numerous uranium anomalies. The TLIC is formed by multiple granite and pegmatite intrusions which created a dynamic environment for uranium mineralization. Mineralization is hosted both in the granitic and pegmatitic bodies.

The second drill has been mobilized on the WeeGee block of claims, to the southeast of TLIC. This drill will initially target uranium mineralization encountered on the Wee Gee Claims during prospecting and mapping conducted during 2006 and 2007. Subsequently the drill will move to target anomalies outlined on the TLIC during 2006 and 2007. The drilling will continue through to spring breakup

Management expects to drill approximately 15,000 metres in 80-100 holes at the 1000 sq km North Shore Property by the end of June 2008, making it one of the most active programs in Canada. In 2007, Uracan drilled 20,000 metres total.

At the company�s 100% owned Pipewrench Lake property 100 km south of the Athabasca Basin, one drill is actively turning and the first drill hole was recently completed, with additional drilling ongoing. The target is an at- or near-surface uranium deposit hosted in the Wollaston domain which forms the basement rock of the majority of the high grade uranium mines in the Basin.

Uracan staked Pipewrench Lake in late 2006 because of historical drill holes encountering up to several pounds per ton near surface over significant widths, including:

6.6 metres of 0.10 % U3O8 (21.8 feet of 2.3 lbs U3O8)
3.9 metres of 0.14 % U3O8 (12.9 feet of 3.1 lbs U3O8)
18.29 metres of 0.07 % U3O8 (60 feet of 1.6 lbs U3O8)
13.66 metres of 0.06 % U3O8 (44.8 feet of 1.3 lbs U3O8)
11.31 metres of 0.06 % U3O8 (37.1 feet of 1.3 lbs U3O8)

Much of the mineralization in the drill holes is hosted by pegmatites and graphitic pelites, often with uranophane mineralization on surface exposures.

Management expects to drill a minimum of 2500 m in the initial drill program at Pipewrench Lake.

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.

For further information please contact:

Investor Relations, Vanguard Shareholder Solutions
Tel: 1.866.898.0824 or 604.608.0824


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. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company�s filings with the appropriate securities commissions.





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.
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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Uracan Resources Ltd.

EXPLORATEUR
CODE : URC.V
ISIN : CA91688U2002
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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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