SOURCE: IO Circuit

October 17, 2006 07:00 ET Announces Coverage of (OTC: URXE)

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

LAKE HARMONY, PA--(Marketwire - October 17, 2006) - Urex Energy Corporation (the "Company" or "Urex") (OTCBB: URXE), WKN#:A0KFH8, ISIN#:US9172481064, is pleased to announce that contracts for the proposed drill testing of the Company's La Jara Mesa Extension and Rio Chubut Uranium Projects have been obtained.

Stewart Drilling of Milan, New Mexico has been selected as lead contractor to conduct the drill test on the La Jara Mesa Extension Project. The Company filed a permit application with the Mining and Minerals Division of the New Mexico - Energy Minerals and Natural Resources Department, seeking approval of a Minimal Impact Uranium Exploration Permit. Urex proposes to drill 21 exploration holes, each 6 inches in diameter and 1,200 feet deep, on US Forest Service land approximately 10 miles northeast of Grants, NM, in Cibola County, New Mexico.

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