Ucore Uranium Inc.

Ucore Uranium Inc.

January 31, 2007 10:05 ET

Ucore Grants 25,000 Incentive Options

HALIFAX, NOVA SCOTIA--(CCNMatthews - Jan. 31, 2007) - Not for dissemination in the United States of America

Ucore Uranium Inc. ("Ucore" or the "Corporation") (TSX VENTURE:UCU) has granted an incentive stock option to an Officer of the Company to purchase up to 25,000 shares of the Company at an exercise price of $1.00 per share, for a period of up to five years. The terms of the option provide for one-third of the option to vest on the first anniversary of the grant, a further third to vest on the second anniversary of the grant and the final third to vest on the third anniversary of the grant. The option is subject to regulatory approval.

This press 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 exploration drilling, exploration activities and events or developments that the Corporation 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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

Contact Information

  • Ucore Uranium Inc.
    Mr. Jim McKenzie
    President and Chief Executive Officer
    902-492-0197 (FAX)