SOURCE: Cyclone Uranium

December 18, 2012 07:00 ET

Fischer-Watt Gold Company Changes Name to Cyclone Uranium Corporation

New Ticker Symbol Is OTCQB: CYUR

DENVER, CO--(Marketwire - Dec 18, 2012) - Fischer-Watt Gold Company, Inc. (formerly OTCQB: FWGO) today announced it has changed its corporate name to Cyclone Uranium Corporation (OTCQB: CYUR) to better reflect the Company's focus on developing its substantial portfolio of uranium assets. The Company's ticker symbol has changed to CYUR. The change in name and ticker symbol was effective December 14, 2012.

Cyclone Uranium is a junior uranium exploration company with a portfolio of properties in Wyoming, South Dakota and Arizona, covering approximately 29,000 acres in some of the most prolific uranium-bearing geology in the United States. Earlier in 2012 the Company used stock to acquire New Fork Uranium, which further strengthened its land position with strategically located claims and leases in the Lost Creek area of the Wyoming Red Desert.

Cyclone Uranium is currently focused on the largest and most advanced of its properties in the Cyclone Rim area of south-central Wyoming. This property covers a 28-mile length of potential roll front mineralization that has been drill tested with promising results. The Company has contracted BRS Inc. to write a technical report on Cyclone Rim and the New Fork claims in the first quarter of 2013. The report will evaluate the results of drilling conducted in 2007 on Cyclone Rim and evaluate historical data that the company has on the New Fork claims that has been obtained from the Wyoming Geological Survey.

"We are focused on the BRS technical report and conducting a drill program in 2013 that will add significant value to Cyclone Uranium," said James Baughman, Chairman and CEO. "Our properties are adjacent to some highly productive uranium operations and we're confident that we have a solid asset base upon which to build a fully integrated uranium exploration company."

About Cyclone Uranium
Cyclone Uranium Corp. (formerly Fischer-Watt Gold) is a U.S. junior mine exploration company traded on the OTCQB under the symbol CYUR. The Company's management team has a strong background in all facets of the mineral industry, especially in exploration, production and financing. The Company is focused on advancing its portfolio of uranium exploration properties, which include mineral claims and leases totaling over 28,000 acres primarily in Wyoming, but also in South Dakota and Arizona, and covers some of the most prospective uranium-bearing geology in the United States. Nuclear energy generation and the demand for uranium is expected to continue to increase over the coming years as chiefly Asian countries strive to generate large-scale, stable and economical power with a low carbon footprint. Cyclone Uranium aims to be a future provider to power utilities of the basic mined source of their needed fuel, a non-enriched product known as yellowcake.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those projected in the forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. Statements in this press release about the favorable location of the Company's strategic land position, expectations to add significant value to the Company, plans to conduct a drill program in 2013, plans for BRS to complete a technical report in the first quarter of 2013 and plans to build a fully integrated uranium exploration and development company are forward-looking statements. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • For further information please contact:

    Mr. James Baughman
    Chairman & CEO
    Cyclone Uranium Corp.
    Phone: 303-800-0678
    Cell: 303-396-9056
    Email: Email Contact