SOURCE: IO Circuit

October 19, 2006 06:30 ET

Market Advisors Issues a $2.15 Price Target for URXE

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - October 19, 2006) - Urex Energy Corporation (the "Company" or "Urex") (OTCBB: URXE) is pleased to announce that Mr. Oscar Yoshitaka Yokoi has agreed to join Urex as its South American Manager. Mr. Yokoi has more than 29 years of mining and mineral exploration experience having received a Bachelors of Science in Geology (1977) from the University of Sao Paulo and a Masters of Arts in Business Administration (2003) from UNA Belo Horizonte. During his career, Mr. Yokoi was employed by BP Minerals, Brascan, Homestake Mining Company, Votorantim and JOGMEC and has consulted for CVRD, Placer Dome, and Meridian Gold.

Mr. Yokoi will take charge of Urex's Rio Chubut Project included in which is the recently announced drill program on the Cerro Solo Block that comprises a seismic refraction geophysical survey and a 30 hole drill program. Urex's Cerro Solo Claim Block borders CNEA's 10 million pound Cerro Solo Uranium Deposit.

To read the complete release, go to http://biz.yahoo.com/bw/061018/20061018005983.html?.v=1

For a complete report on URXE, go to http://www.smallcapstockalert.com

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