Uranium North Resources Corp.
TSX VENTURE : UNR

Uranium North Resources Corp.

August 18, 2010 09:30 ET

Uranium North Begins Exploration Program on the Aura Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2010) - Uranium North Resources Corp (TSX VENTURE:UNR) has commenced its 2010 exploration program on the 100% owned Aura Gold project located in Nunavut. This program is designed to develop drill targets on the Robin, F13 and Nowyak zones. The program will focus on mapping, prospecting and sampling over these areas with known mineralization to determine control factors for high grade gold, silver and copper. In addition, the program will attempt to identify new zones of mineralization on the property where gold grain in till anomalies exist.

"I think we have a real opportunity in front of us. Projects like F13, Robin and Nowyak have high grade gold, silver and copper and have either not been systematically explored or have only seen minimal work activity. This is an opportunity for the company to create value over a short period of time at low cost to shareholders," says Mark Kolebaba, President of Uranium North Resources.

The Aura property comprises the Robin, F13 and Nowyak projects as well as large unexplored areas with gold grain anomalies in till. The Robin and F13 prospects were previously targeted for copper and nickel in 1964 and not for gold. Historical trenching results from Robin reported assays up to 0.55 oz/ton (18.9 g/T) Au, 1.56 oz/ton (53.5 g/T) Ag, and 9.91% Cu. At F13, gold mineralization discovered in trenches assayed up to 4.9 oz/ton (168.0 g/T) Au, 1.59 oz/ton (54.5 g/T) Ag and 21.4% Cu.

At the Nowyak showing prospecting and drill samples yielded high gold values including a sample that assayed 117 g/T Au and 1420 g/T Ag. This is an extensive structure with gold mineralization and is believed to be underexplored, creating a great opportunity for the company.

Linda Erdman, P. Geo and Geoffrey Goodall, P. Geo are responsible for design and execution of the 2010 program and have reviewed historical reports for the property. The historical work has not been verified by the Company, however, it appears to have been completed under standard best practices consistent with the time and appears to be of reasonable quality.

About Uranium North

Uranium North Resources Corp. is a Canadian company with a Nunavut focus. Uranium North holds title to the second largest uranium resource in Nunavut, the Amer Lake Deposit. While maintaining its focus on uranium, the company has initiated exploration for gold on 3 projects.

On behalf of Uranium North Resources

Mark Kolebaba President and CEO

Forward-Looking Information

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 exploration drilling, activities and events or developments that Uranium North Resources Corp (the "Company") expects to occur, 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, exploration successes, and 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 actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

"Neither the 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."

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