ESO Uranium Corp.

ESO Uranium Corp.

July 15, 2009 12:22 ET

ESO Options DONA (Formerly DNA) Gold Property on Monashee Mountain, 65 Kilometers East of Vernon, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2009) - ESO Uranium Corp. (TSX VENTURE:ESO)(FRANKFURT:E2G), the Company (ESO), is pleased to announce that, subject to regulatory approval, it has completed an option agreement to acquire a 100% interest in a 724.9 hectare mineral property that covers a gold discovery made by El Paso in 1970. Further claims have been staked on behalf of ESO, and under the terms of the option agreement, to protect areas with anomalous gold values indicated by earlier work, bringing the property size to a total of 1,388 hectares (3,429 acres).

The gold mineralization was found by prospecting and geochemical surveys in the headwaters of tributaries of Monashee Creek and the Kettle River, both early placer gold producers in the Province of British Columbia. In the period 1971 to 1974 El Paso carried out a programme of trenching and identified gold mineralization in a stockwork of auriferous quartz-sulphide veinlets in a diorite sill and the hosting argillite, limestone and volcanic rocks. Grades ranging from trace to a high of 0.86 oz/s.ton (29.5 g/t) gold were returned in sampling of the trench walls.

A low cost rotary percussion track drill was used to test part of the area of the trenches and El Paso abandoned the property in the face of onerous new mining tax increases inflicted by an NDP provincial government. A soils geochemistry gold anomaly was located with coincident silver-arsenic-lead values that had dimensions of greater than 1600 meters by 1200 meters. This was confirmed in a larger 1992 geochemical soils programme by Phelps Dodge. The region was subject to glaciation and the size of the soils anomaly may have been extended by smearing or restricted by exotic cover brought over from outside the mineralized bedrock.

The property lies centrally within one of the largest clusters of anomalous values in stream sediments for gold and its typical pathfinders, that was identified in the Regional Geochemical Surveys carried out in a joint Federal and Provincial programme completed in the last three decades. No major bedrock source has been identified to date for the adjacent gold placer deposits, which represent a physical expression of potential sources within their watersheds.

The option agreement has been made with Mr. Harold Jones (90% interest) and Opal Resources Canada Inc. (10% interest). The terms include a payment of a total of $100,000 over 4 years and the issuance of a total of 300,000 shares over 4 years and total work commitments of $400,000 over 4 years. A net smelter royalty of 2% is to be paid from production and an advanced royalty of $30,000 per annum, deductible from the royalty will be due on the anniversary of every year following the exercise of the option. A 50% buyout of the royalty for $1,000,000 and a right of first refusal for the remaining 50% are agreed.

ESO plans a programme of work this summer following receipt of permits and the consultation required by the Province of British Columbia with the three different Aboriginal groups that have announced land claims interest in the area, according to advice from Mineral Titles. The claims cover an area that was extensively logged and has old bush road access.

B.Ainsworth, PEng BC, is the Qualified Person responsible for the technical disclosure contained in this news release.

On behalf of the Board of Directors of ESO Uranium Corp.

Ben Ainsworth, Vice President, Exploration

Statements contained in this news release that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filing with the Securities and Exchange Commission.

The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management.

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