Nu Energy Uranium Corporation

Nu Energy Uranium Corporation

January 30, 2007 13:14 ET

Nu Energy Uranium Corporation Announces Appointment of Key On-Site Technical Personnel

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 30, 2007) - Nu Energy Uranium Corporation (the "Company") (CNQ:NEUC) is pleased to announce the appointment of two key technical personnel who will be assigned to its team in the Company's South African office to support its African exploration programmes.

Dr. Thinus Jordaan has been appointed Exploration Manager. He was engaged in senior positions with a number of major international exploration and mining companies, including Anglo American, De Beers and SXR Uranium One. Dr. Jordaan has extensive experience in the exploration and development of mineral deposits including gold, diamonds, base metals and uranium. He will be responsible for the leadership of the overall exploration programme in the Cameroon.

Mr. Andrew Liebenberg, previously Contracts Manager for a large South African drilling company, has been appointed as Drilling Manager with the responsibility of overseeing and managing all drilling campaigns for the African projects. He has had hands-on managerial experience in all facets of drilling including diamond drilling, raise boring and RC and percussion drilling on both surface and underground operations.

Plans are underway to commence drilling on the Kitongo deposit which is currently targeted for the end of the first quarter. In the meantime work continues on the preparation of drill sites at Kitongo and the development of infrastructure and site construction. Work has also started at Lolodorf to gain access to and evaluate the areas previously explored.

Airborne geophysics and surveys are also being planned on both Kitongo and Lolodorf properties.

About the Company:

Nu Energy Uranium Corporation is listed on the Canadian Trading and Quotation System Inc. (CNQ) and its trading symbol is "NEUC". The Company owns a 92% interest in both the Kitongo and Lolodorf uranium properties located in the Republic of Cameroon, Africa. In addition the Company is looking at acquisitions of other brownfields projects in Africa, and Central and Eastern Europe. The Company has previously announced that it has entered into a memorandum of understanding with Edlow Resources Limited and Africa Nuclear Fuel to incorporate a joint venture whose principal business will be the sourcing, purchasing, transportation and upgrading of low-grade uraniferous secondary material as well as the subsequent marketing of the upgraded product.

Anthony Frizelle, President and CEO

Forward-Looking information:

This release includes certain statements that may be deemed "forward-looking statements." All Statements in this release, other than statements of historical facts that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments Nu Energy Uranium Corporation (the "Company") expects to occur, are forward-looking statements. Such statements are identified in this release by the use of words such as "will" and "expected" as well as the use of the future or conditional tense. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward -looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic market or business conditions. Investors are cautioned that any such statements are not guarantee of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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