UC Resources Ltd.
TSX VENTURE : UC

UC Resources Ltd.

October 18, 2006 12:52 ET

UC Resources Announces Key Additions to Management and Board of Directors

TORREON, COAHUILA, MEXICO and VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 18, 2006) - UC Resources (TSX VENTURE: UC) (the "Company") is pleased to announce that Mr. Neil D. Novak, P.Geo., FGAC has been appointed to the Board of Directors and assumes the position of Vice President of Exploration. UC also welcomes Mr. Bruno Weiss to the Board of Directors. The Company is also pleased to announce the appointment of Mr. Hamish Malkin as Chief Financial Officer. Mrs. Nicole Wood, the current CFO, will continue with the company, and assumes the position of Controller.

Stated President and CEO Richard J. Hamelin: "As the Company enters a new phase in its growth, and is set to enter production, it has decided to add to its already strong geology and finance team. We are extremely pleased to announce that individuals of their stature have agreed to join the Company and help us build UC Resources. These men are attracted by our aggressive growth strategy and the potential of the company's asset base."

Mr. Novak has over 27 years experience in the mining industry, including the design and implementation of large exploration programs. His background includes running complex, multi-country exploration programs with annual budgets of US $15 million/year. He was involved in various North American and international silver and gold exploration assignments. He is currently the President and CEO of Spider Resources Inc.'s (TSX VENTURE:SPQ).

Mr. Weiss brings with him an extensive background-and relationships-in international finance. He was Head of the Foreign Exchange Department-and Treasurer-at UBS in Zurich and Tokyo. Subsequent to this he was the Head of Foreign Exchange at AIG Private Bank in Switzerland and has had similar roles at other financial insitutions. Currently, he is a Hedge Fund Consultant in Europe.

Mr. Malkin is currently Chief Financial Officer of two other public mining companies: Entree Gold Inc. (TSX:ETG) and Argentex Mining Corporation (OTCBB:AGXM). Previously, Mr. Malkin has had senior financial positions in the resource, real estate, and entertainment industries. Mr. Malkin is a member of the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of British Columbia.

UC Resources is a Canadian exploration, development and production company focused on silver and gold in Mexico, and is on track to enter production by the end of 2006. The Company has just begun its Phase III exploration program on its flagship exploration property, the 64,000 hectare Copalquin project in Durango, Mexico.

On behalf of the Board of Directors,

Richard J. Hamelin, President/Director

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 potential, exploration drilling, exploitation activities and events or developments that the Company expects 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, 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 those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.


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

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