UC Resources Ltd.

UC Resources Ltd.

January 17, 2008 10:39 ET

UC Resources Commences McFaulds' Lake Winter Exploration Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2008) - UC Resources Ltd. ("UC" or "the Company") (TSX VENTURE:UC) is pleased to announce that Billiken Management will be providing field crews, which are scheduled to begin work on the McFauld's East Project area over the next few weeks. The field crews will initially undertake line-cutting, followed by ground geophysics. Aeroquest, which was contracted jointly by UC, Noront Resources, and other juniors in the McFauld's Lake area have returned in order to complete the airborne program over the remaining claims of the "Ring of Fire". Several airborne anomalies have been identified in the initial 100 metre spacing Aeortem survey, which was partially completed in December. These anomalies are located to the south / southwest of the UC Resources/Spider Resources/KWG Resources McFaulds #1 and #3 occurrences on the McFauld's East property. Each of these anomalies will be further detailed by ground geophysics prior to drill testing.

UC is also pleased to announce its intention to participate with Spider Resources/KWG Resources in several new claims that have been staked to the North of the McFauld's East Property. This staking has been undertaken in compliance with the LOI signed in March 2007 between UC and Spider Resources.

UC is also moving forward with a revamping of the La Yesca mill in Mexico. A recently completed study and metallurgical testing has increased recovery rates of both gold and silver, but does require modification of the present milling and metallurgical process. The ordering of additional equipment has begun and installation will begin immediately upon its arrival.

On behalf of the Board of Directors,

Jim Voisin, President

UC Resources Ltd.

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

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 potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. 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, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • UC Resources Ltd.
    Damien Lowry
    Vancouver Head Office
    Toll Free: 1-800-366-8566 (Canada & USA)
    UC Resources Ltd.
    Jim Voisin
    (519) 699-5352
    Website: www.ucresources.net