SOURCE: Uranium Hunter Corp.

September 26, 2007 09:00 ET

Uranium Hunter Completes Due Diligence and a Detailed Exploration Plan in Dar Es Salaam With Technical Teams From Uganda and Tanzania

TORONTO--(Marketwire - September 26, 2007) - Uranium Hunter Corporation (OTCBB: URHN) ("Uranium Hunter" or the "Company") is pleased to announce that management has completed its due diligence on exploration projects in Tanzania and Uganda, and has now finalized detailed exploration plans for both projects.

Due to the recent news of a discovery in the southwest region of Tanzania, and the upcoming release of data from the $42-million Ugandan Aerial Survey, management of Uranium Hunter recently completed a series of meetings in Dar Es Salaam with its exploration teams from both Uganda and Tanzania. The purpose of the meetings was to confirm the various exploration priorities, determine specific exploration timelines, and to confirm a corporate strategy that would continue to deliver value to Uranium Hunter shareholders. Now that exploration has commenced on both fronts, continuing to add to the overall property portfolio in both Uganda and Tanzania is of the highest priority.

Uranium Hunter's President, Adam Cegielski, commented, "With the recent sandstone uranium discovery in the southwestern region of Tanzania, there has been a substantial increase in demand for land holdings within the country. Current exploration success in the region of our Ruhuhu project has initiated serious interest in the overall region, and the company must move quickly to add to our current portfolio of projects. We look forward to delivering results to the market in due course as exploration is now moving quickly."

About The Company:

Uranium Hunter (OTCBB: URHN) is a natural resource corporation devoted to the exploration and development of deposits of Uranium and Gold in East Africa. The company website can be found at www.UraniumHunterCorp.com.

Uranium Hunter has entered into a Definitive Agreement with Trimark Explorations, Ltd ("Trimark"), on behalf of its wholly owned subsidiary Gambaro Resources, to earn up to a 100% interest in the Uranium-Au property located in Njombe and Songea Districts, Tanzania. Uranium Hunter has optioned 170 km2 property in southern Tanzania covering sediments of the Karoo sequence which share common features with rocks of the Colorado Plateau in the western US that have become prolific producers of Uranium.

Uranium Hunter has entered into another Definitive Agreement with NPK Resources Ltd. to earn a 75% interest in the Nkoko and Kagadi uranium properties which contain over 800 km2 located in Kibaale district, Uganda, called the "Kibaale Project."

The Ugandan government, World Bank, African Development Fund and the Nordic Development Fund have all co-sponsored a US $42 million high valued mineral centered aerial survey which began in January 2007. Results are expected shortly, and will aid in early exploration work on the properties.

Forward-Looking Statements:

This press release contains forward-looking statements, particularly as related to, among other things, Uranium Hunter's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, and other factors that may cause Uranium Hunter's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks, uncertainties and other factors that are detailed in Uranium Hunter's Quarterly and Annual Reports and other documents Uranium Hunter files from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Uranium Hunter cautions readers not to place undue reliance on such statements. Uranium Hunter does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Uranium Hunter's expectations and estimates.

NR 07-17

Contact Information

  • Contact:

    Uranium Hunter Corporation
    Adam Cegielski
    President
    (416) 915-3199

    Investor Relations
    Toll free 1-866-566-0936