Ucore Uranium Inc.
TSX VENTURE : UCU

Ucore Uranium Inc.

October 02, 2009 15:43 ET

Ucore Uranium Announces Board Changes

HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 2, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Ucore Uranium Inc. (TSX VENTURE:UCU) ("Ucore" or the "Company") announces the resignation of Mr. Brian MacEachen as director effective September 30, 2009. Mr. MacEachen is leaving due to a previously existing long term engagement as a member of the board of directors of another very well respected rare earth exploration concern. The former relationship predates Mr. MacEachen's appointment to the board of directors of Ucore in 2006.

"The rapidly changing landscape of the rare earth sector has been a very surprising and a very fortunate development for Ucore," said Jim McKenzie, President and CEO. "It has also generated a fiduciary conflict that was unavoidable and previously unforeseen. We wish to thank Mr. MacEachen for his significant contribution to Ucore and wish him every success in the future."

Jim McKenzie, President

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 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 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.

Neither 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.

Contact Information

  • Ucore Uranium Inc.
    Mr. Jim McKenzie
    President and Chief Executive Officer
    (902) 482-5214