Nu Energy Uranium Corporation

Nu Energy Uranium Corporation

April 12, 2007 13:01 ET

Nu Energy Uranium Corporation: Approval to List on the TSX Venture Exchange and Update on Exploration of Kitongo and Lolodorf Properties

TORONTO, ONTARIO--(CCNMatthews - April 12, 2007) - Nu Energy Uranium Corporation (the "Company") (TSX VENTURE:NU) (CNQ:NEUC) announces that it received final approval on April 10, 2007 from the TSX Venture Exchange (the "Exchange") to list on Tier 1 as a Mining Issuer under the share symbol "NU". The Company's common shares began trading on the Exchange on April 12, 2007. In connection with the Company's application for listing on the Exchange, certain securityholders of the Company entered into an escrow agreement (the "Escrow Agreement") dated March 27, 2007 with the Company and Computershare Investors Services Inc. as escrow agent.

The Company also announces that it expects to undertake airborne radiometric and magnetic surveys on both its Kitongo and Lolodorf uranium properties shortly in anticipation of the commencement of drilling by late June. The historical resource estimates available for both the Kitongo and Lolodorf uranium properties and the results of the airborne radiometric and magnetic surveys and drilling activities are expected to form the basis of future work conducted by the Company on the properties.

Additional information relating to the Company, including the Company's TSX Venture Exchange listing application, the geological report referenced therein, and the Escrow Agreement can be found at

About the Company:

Nu Energy Uranium Corporation is listed on the TSX Venture Exchange under the trading symbol "NU" and on the Canadian Trading and Quotation System Inc. (CNQ) under the trading symbol "NEUC". 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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