UC Resources Ltd.
TSX VENTURE : UC

UC Resources Ltd.

January 31, 2006 20:00 ET

UC Resources Ltd. Grants Stock Options of 1,882,500

TORREON, COAHUILA and VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 31, 2006) - UC Resources Ltd. (the "Company") (TSX VENTURE:UC) announces today that the Board of Directors granted 1,882,500 stock options at an exercise price of $0.15 for a period of 5 years.

These stock options are available to directors, officers and employees of the Company.

The Company is a Canadian junior exploration and development company with offices in Vancouver, B.C. and Torreon, Coahuila, Mexico. The Company has recently completed its 2nd tranche of financing totalling $720,000 and is underway with phase II of its exploration plans on the 17,401 acre silver/gold property location within the Sierra Madre mineralogical belt in the State of 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.

Contact Information