ESO Uranium Corp.

ESO Uranium Corp.

December 21, 2009 21:00 ET

ESO Completes First Tranche of Flow-Through and Non-Flow-Through Private Placements

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2009) - ESO Uranium Corp. (TSX VENTURE:ESO)(FRANKFURT:E2G) (the "Company" or "ESO") announced that it has completed a first tranche of non-brokered private placement of 420,000 flow-through units ("FT Unit") and 600,000 non-flow-through units ("NFT Unit") at a price of C$0.05 per unit each, for gross proceeds of $21,000 and $30,000 respectively.

Each FT Unit is comprised of one flow-through common share and one-half warrant, where each full-warrant is exercisable into one common share at a price of $0.10 for one-year. Each NFT Unit is comprised of one common share and one-half warrant, where each full-warrant is exercisable into one common share at a price of $0.10 for one-year.

ESO paid finders fees of $1,470. The private placements are subject to Exchange acceptance, and all securities shall be subject to a four (4) month hold period.

The proceeds of the flow-through placement shall fund exploration programs on ESO's gold property in British Columbia. The non-flow-through placement shall fund ESO's US property commitments and general working capital.

On behalf of the Board of Directors of ESO Uranium Corp.

Anthony Harvey, Chairman and Director

Please refer to the ESO Uranium website for further and updated information.

Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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