SOURCE: IO Circuit

October 31, 2006 06:45 ET Spotlights Urex Energy, New Siesmic Geophysical Program Outlined

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

LAKE HARMONY, PA--(Marketwire - October 31, 2006) - Urex Energy Corporation (the "Company" or "Urex") (OTCBB: URXE) outlined design details of a seismic refraction survey which is to be completed over the Company's 99.8% owned Rio Chubut Uranium Project located in Patagonia in Southern Argentina. The seismic survey is configured to detect uranium-bearing river channels 150 meters below surface in preparation of drilling.

The Seismic Refraction Tomography technique uses a low impact seismic energy source to emit energy into the earth and then, with geophone arrays, detects the refractive energy from the target buried paleo-channel. Using RAYFRACT software, the data collected is processed and profile cross-sections are developed which outline the position of old buried river channels. These channels in the geologic environment acted as collectors and preferentially caused uranium to be deposited.

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