Nu Energy Uranium Corporation

Nu Energy Uranium Corporation

July 12, 2007 13:01 ET

Nu Energy Uranium Corporation Accelerates Exercise of Class A & Class B Warrants

TORONTO, ONTARIO--(Marketwire - July 12, 2007) - Nu Energy Uranium Corporation (the "Company") (TSX VENTURE:NU)(CNQ:NEUC) announces that it has given notice to holders of the Class A Warrants and the Class B Warrants (collectively, the "Warrants") of the Corporation that over a period of 25 consecutive trading days subsequent to April 5, 2007 the Weighted Average Price of the Corporation's common shares exceeded $3.60 per share, and accordingly, under their terms, the expiry date of the Warrants has accelerated to August 10, 2007, being 30 days following the date of the notice.

As a result of the acceleration, holders thereof are entitled to purchase one common share for each whole Class A Warrant held at a price of $1.50 per share and one common share for each whole Class B Warrant held at a price of $2.40 per share, in each case at any time on or before August 10, 2007.

About the Company:

Nu Energy Uranium Corporation is listed on the TSX Venture Exchange under the trading symbol "NU". The Company owns a 92% interest in both the Kitongo and Lolodorf uranium properties located in the Republic of Cameroon, Africa. The Company is also pursuing the acquisition of other brownfields projects in Africa and Central and Eastern Europe. In addition, the Company has entered into a memorandum of understanding with Edlow Resources Limited and Africa Nuclear Fuel to incorporate a joint venture whose principal business will be the sourcing, purchasing, transportation and upgrading of low-grade uraniferous secondary material as well as the subsequent marketing of the upgraded product.

Anthony Frizelle, President and CEO

Forward-Looking Information:

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that Nu Energy Uranium Corporation (the "Company") expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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