SOURCE: UraniumCore Company

October 31, 2006 09:00 ET

UraniumCore Company Adds Ken Lunde to Board of Directors

SAN DIEGO, CA -- (MARKET WIRE) -- October 31, 2006 -- UraniumCore Company (OTCBB: UCOR) is pleased to announce that Mr. Ken Lunde, a chemical metallurgist with Teck/Cominco, has agreed to join the company's board of directors, effective immediately. Mr. Lunde has worked extensively in the research and development department of Teck/Cominco for the past 30 years. Mr. Lunde has extensive experience working with the latest technologies and techniques in metallurgy. Robert Lunde stated, "UraniumCore is very pleased that Ken has agreed to join the board as we feel that Ken's knowledge of metallurgy and refining processes will serve UraniumCore well."

On behalf of the board,

Robert Lunde

Except for the historical and present factual information contained herein, the matters set forth in this release include statements of management's current expectations as to efficiencies, cost savings, market profile and financial strength, and the competitive ability and position of the company. Statements identified by words such as "expects," "projects," "plans," "believes," "estimates," and similar expressions are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These and other forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the possibility that the anticipated benefits from UCOR's operations cannot be fully realized, the possibility that commodity prices, costs or difficulties related to the conduct of its business will be greater or lesser than expected, and the impact of competition and other risk factors relating to our industry will be greater than expected, all as detailed from time to time in UCOR's reports filed with the Securities and Exchange Commission. UCOR disclaims any responsibility to update these forward-looking statements.

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