Universal Uranium Ltd.
TSX VENTURE : UUL

Universal Uranium Ltd.

October 25, 2007 16:45 ET

Universal Uranium Closes $2 Million Flow-Through Financing With MineralFields

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2007) - Universal Uranium Ltd. (the "Company") (TSX VENTURE:UUL) is pleased to announce that it has closed a non-brokered private placement with the MineralFields Group consisting of 2,666,666 flow-through units ("FT Units") at a price of $0.75 per FT Unit for gross proceeds of $2,000,000.

Each FT Unit consists of one flow-through common share and one-half of a share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company at a price of $1.25 in the first year and $2.00 in the second year. The warrants will be subject to a 30 day early expiration upon formal notification by the Company of a closing price, for 30 consecutive trading days, of $1.50 or greater in the first year and $2.25 or greater in the second year.

The Company paid a cash commission equal to 6 per cent of the gross proceeds. In addition, the Company issued finder's options entitling the holder to purchase up to 266,666 non flow-through units of the Company, at a price of $0.75 per unit, for a period of 24 months.

All securities issued by the company, pursuant to this private placement, are subject to a four-month hold period expiring on February 25, 2007.

The funds are intended to be used for general exploration expenditures on the Company's Newfoundland and Labrador projects, which will constitute Canadian exploration expenses (as defined in the Income Tax Act (Canada)) and will be renounced for the 2007 taxation year.

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities®, a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar)on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

Universal Uranium Ltd. (TSX VENTURE:UUL) is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.

ON BEHALF OF THE BOARD:

Ronald Atlas, Chairman of the Board

The Company seeks Safe Harbour.

Standard & Poor's Listed

Issued Share Capital: 41,148,403

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

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