Uranium North Resources Corp.
TSX VENTURE : UNR

Uranium North Resources Corp.

November 26, 2008 11:50 ET

Uranium North Drills Three Uranium Rich Zones at Hawk and Extends Mineralization to Depth

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2008) - Uranium North Resources Corp. (TSX VENTURE:UNR) announces results from the summer drill program on the Hawk prospect of the South Baker project in Nunavut. Drilling intersected three uranium mineralized zones in two drill holes, confirming the presence of significant shallow U3O8 mineralization and providing key information on the orientation of a sizeable mineralized zone. Prior to Uranium North drilling at Hawk, uranium mineralization had not been intersected below 60 metres. These results extend mineralization to a depth of 144 metres and significantly expand the overall dimensions of the mineralized zone.

Vertical drill hole HL-01-08 intersected an upper five metre zone grading 0.05% U3O8, a middle zone of 16.8 metres grading 0.07% U3O8 and a lower 14.3 metre zone grading 0.16% U3O8, including six metres of 0.31% U3O8 (see table below).

A second vertical drill hole, HL-02-08, which was collared 30 metres to the south intersected three similar zones: an upper four metre zone grading 0.05% U3O8, a middle three metre zone grading 0.08% U3O8, and a lower 12.5 metre zone grading 0.15% U3O8. The lower zone includes a two metre zone grading 0.31% U3O8 and an additional two metres with 0.29% U3O8 (see Table Below).



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Drill hole From (m) To (m) Interval (m) % U3O8
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HL-01-08 2.7 7.7 5.0 0.05
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HL-01-08 10.5 27.3 16.8 0.07
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Including 11.7 16.7 5.0 0.14
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HL-01-08 40.7 55.0 14.3 0.16
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Including 42.7 48.7 6.0 0.31
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HL-02-08 89.5 93.5 4.0 0.05
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HL-02-08 104.5 107.5 3.0 0.08
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HL-02-08 131.5 144.0 12.5 0.15
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Including 133.5 135.5 2.0 0.29
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Including 141.0 143.0 2.0 0.31
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All intersections reported are down-hole, core-length intervals. The true thickness of mineralized zones is yet to be determined.

A third drill hole, HL-03-08, drilled 90 metres to the east at -65 degrees to the west did not intersect significant U3O8 mineralization. Drilling suggests that the mineralized zone is steeply dipping.

"This program was designed to test very precise parameters. Determining that uranium mineralization extends to depth and is open to the south, confirms Hawk as a target with potential for significant pounds," says Mark Kolebaba, President of Uranium North.

Hawk mineralization occurs in fractured and brecciated volcanic rocks of the Christopher Island Formation and is commonly associated with chlorite, hematite and carbonate alteration. Drilling intersected rocks of this formation to 200 metres depth without intersecting basement rocks. Based on regional work, basement rocks represent another target for uranium on the property.

Plans for Hawk include modeling of historic and 2008 drill holes to better understand the orientation of the mineralization. Drilling is planned for 2009 on the Hawk target and will be designed to test along strike and down dip extension of the known mineralization.

Hawk is one of 12 known prospects identified on the South Baker Property. The Company's exploration concept for South Baker is based on developing tonnage from several closely spaced deposits as at Kiggavik. The Kiggavik deposits have been reported by Areva to comprise 148 million pounds from six different deposits.

Allan Armitage, Ph.D., P.Geol., Vice President - Exploration of Uranium North, is a Qualified Person as defined by National Instrument 43-101, and is responsible for quality control of exploration undertaken by the Company and has reviewed and approved the technical information in this release.

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.

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

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