Uranium North Resources Corp.
TSX VENTURE : UNR

Uranium North Resources Corp.

October 18, 2007 09:45 ET

Uranium North Resources Corp.: Airborne Geophysics Indicate Potential to Expand Known Minerlized Zones at Amer Lake

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2007) - Uranium North Resources Corp. (TSX VENTURE:UNR) announces that preliminary airborne geophysical data from the Amer Lake uranium deposit ((i)historic 6.7 million lb U3O8 - not NI 43-101 compliant) and surrounding property, located in Nunavut, indicates the potential to expand the known mineralized zones and identifies several new prospective areas for further prospecting and drill testing.

"Upon review of this new airborne data, it is very apparent previous explorers in the region did not have access to this quality and extent of data," says Mark Kolebaba, President of Uranium North. "I believe this geophysical data has already provided us with an advantage in targeting additional prospects."

Geophysical survey highlights include:

- Central Region - A 5 x 7.5 km zone of uranium anomalies over the known Main Zone deposit indicates potential to expand the extent of the mineralization at the Main Zone deposit and Faucon prospect. In addition, the data in this zone identifies several new areas for prospecting and possible drill testing. Of particular interest, is the possible bedrock source targets for historic boulders with values in the magnitude of 1.9, 1.8, 5.4 and 8.8% U3O8, and an understanding of the stratigraphic/structural setting. Sample results for the area are pending.

- Eastern Region - Coincident airborne magnetic and uranium anomalies overlying the Split Lake and Horned Lake uranium occurrences yielding less than 0.1 to 5.0% U3O8 suggests a stratigraphically controlled bedrock source that may extend for approximately 8 km. Both Split Lake and Horned Lake prospects are candidates for drill testing. Sample results from the area are pending.

- Western Region - A 2.5 x 5 km zone of uranium anomalies appearing similar to the Central zone exists on the western part of the property. Two clusters of uranium enriched boulders (0.14 to 1.7% U3O8) occur within the geophysically anomalous area, along with a bedrock grab sample which assayed 0.36% U3O8 along the southern margin of the zone. This area has seen relatively little historic work and is concluded to be a very high priority target area based on the recent geophysical results.

- Other prospects - Numerous other airborne uranium anomalies across the property have been identified within the preliminary data. Due to the variability of overburden cover and abundance of lakes that could mask a uranium signal, additional prospecting and detailed surveys are planned.

This preliminary review of airborne geophysics is based on unprocessed radiometric data. Upon receipt of final processed data and soil/rock sample results for the property, definitive detailed targeting will begin.

Terraquest Limited completed approximately 3000 line kilometres of fixed-wing magnetic and radiometric geophysical survey in late August, at a line spacing of 200 metres and aircraft ground clearance of 70 metres.

With 10% or less of outcrop exposure on the Amer Lake property, the airborne geophysical survey data will be an important targeting tool. Absolute uranium values are subject to change with final data.

Jeremy S. Brett, M.Sc., P.Geo., of MPH Consulting Limited, is Uranium North's qualified person responsible for the design of the geophysical survey and review of the geophysical data.

(i)This is not a resource estimate and should not be relied upon as insufficient exploration has been carried out to delineate a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

About Uranium North:

Uranium North is a junior mineral exploration company focused on uranium opportunities in Canada. The Company holds 100% interest in three million acres of property located within the most prospective uranium basins in Canada. Uranium North is focusing on five key projects, one of which hosts a historical uranium resource.

On behalf of Uranium North Resources Corp.

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, exploitation 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, exploitation and 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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