UC Resources Ltd.
TSX VENTURE : UC

UC Resources Ltd.

September 19, 2007 09:30 ET

UC Resources Reports on Property in Vicinity of Noront's Copper-Nickel Discovery in the James Bay Lowlands and Recent Increase in Trading Activity

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2007) - UC Resources Ltd. (TSX VENTURE:UC) wishes to comment on the significant increase in trading volume that has occurred in the Company's shares over the past few days.

UC has an option to acquire a 55% earn-in interest in several mineral claims located nearby those claims (The Condor/Greenstone Option claims) held by Noront Resources Ltd., in the James Bay Lowlands area of Northern Ontario. Noront recently released partial results from its first hole of the diamond drilling program. (See Noront News Release dated 09/10/2007).

The Company believes that this new discovery by Noront combined with UC's significant earn-in potential in property at McFauld's West, which is located only 5.25 km SW of the drill location of Noront's discovery (and a part of the same Sachigo volcanic belt), has prompted the increased trading activity in UC's own shares.

UC is awaiting assay results for 3 additional drill holes from its own diamond drilling program, and is currently reviewing all available information on the McFauld's Lake area, as available from partner Spider Resources Inc. the exploration company that pioneered exploration in the area. The Company is looking to initiate an aggressive and expanded exploration program as a follow-up to recent significant results as previously announced (See UC News Release dated September 5, 2007).

This press release has been prepared by management of UC Resources Ltd. and has been approved for dissemination by Neil Novak P.Geo., of Cambridge, Ontario, a Qualified Person under Canadian Securities guidelines, in his capacity as Vice President for UC Resources Ltd.

On behalf of the board of directors,

Richard Hamelin, President and CEO

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

  • UC Resources Ltd.
    Vancouver Office
    (604) 681-7265 or Toll Free: 1-800-366-8566
    (604) 608-6163 (FAX)
    Website: www.ucresources.net