ESO Uranium Corp.

ESO Uranium Corp.

August 11, 2008 09:00 ET

ESO Uranium and Logan Resources Ltd. Sign Agreement for Cluff Lake Area Property, in the West Athabasca Basin, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2008) - ESO Uranium Corp. (TSX VENTURE:ESO)(FRANKFURT:E2G), the Company, and Logan Resources Ltd. (TSX VENTURE:LGR) (Logan) are pleased to announce that the companies have signed an agreement that will set the stage for further exploration on the Cluff Lake area claims staked by Logan in 2003. Under the agreement Logan will transfer a further 30% interest in the claims to ESO which shall result in ESO having an 80% undivided interest in the property. ESO shall produce a bankable feasibility study with Logan having a carried interest until the feasibility study is delivered at which time Logan will have the choice to take on a 20% participating interest in a new company to operate the production facility or take on a 2% gross over-riding royalty for all uranium mineral products and a 2% net smelter returns royalty for all other metals. ESO will return all of its interest in any of the claims to Logan upon a decision by ESO to terminate work thereon.

The Logan claims lie within the Carswell Dome structure about 12 kms north of the former producer, Cluff Lake, which mined about 65 million pounds of uranium from shallow deposits with open pits and near surface underground operations. The deposits had an average grade of about 0.73% U3O8 (14.6 lbs per s.ton) with significant gold byproduct.

Drilling was carried out by ESO in 2006 on the Gorilla Lake zone where work in 1981 by Amok had returned drill core values in their CAR 425 drill hole of 0.89% U3O8 (17.8 lbs/s.ton) over 2.6 meters of core length.

The ESO holes encountered extensions to the known mineralization with two adjacent holes reporting as:

CLU #01 with 0.46% U3O8 (9.2 lbs/s.ton) over 1.5 meters from 174.0 to 175.5 meters drill interval.

CLU #07 had two mineralized intervals. The upper interval from 153 meters to 160 meters (7 meters of drill interval) returned 0.17% U3O8 (3.4 lbs/s.ton), including 0.82% U3O8 (16.4 lbs/s.ton) over 1 meter. The lower interval assayed at 0.2% U3O8 (4 lbs/s.ton) over 2.0 meters from 175.0 meters to 177.0 meters.

The measured intervals quoted here are not necessarily equivalent to true widths as the attitudes of the mineralization are not yet known.

For reference, the current spot price quoted by for uranium oxide is US$64.50 per pound of U3O8, up from the June, 2008 low of $56/lb; an assay reported as 1.0% of U3O8 is equal to 20 pounds of uranium oxide per short ton - the conversion of percent metal or metal oxide from percent to pounds per short ton is done by multiplying the % value by 20.

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

Ben Ainsworth, Vice President, Exploration

Please refer to the ESO Uranium website for further and updated information.

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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