Ucore Uranium Inc.
TSX VENTURE : UCU

Ucore Uranium Inc.

January 03, 2007 08:30 ET

Ucore Uranium Announces Management Changes

HALIFAX, NOVA SCOTIA--(CCNMatthews - Jan. 3, 2007) - NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA US NEWSWIRE SERVICES

Ucore Uranium Inc. (TSX VENTURE:UCU) (the "Company") is pleased to announce the following management changes effective immediately, subject to regulatory approvals. Daniel Whittaker will be appointed the Chairman of the Board of Directors and Chief Financial Officer, replacing Mr. Brian MacEachen in this latter capacity. Mr. MacEachen will retain a position on the company's Board of Directors. Mr. Whittaker will retain the Chief Executive Officer position. Mr. Jim McKenzie will become President and Chief Operating Officer.

Daniel Whittaker commented, "on behalf of the board of directors of the Corporation, I am delighted to confirm Jim McKenzie as president of Ucore Uranium. Jim brings to the position of president a wealth of past success, operational experience and leadership. His skills are precisely what the Corporation needs now to move aggressively forward to maximize shareholder value. I also want to recognize the valuable contribution to the Company made by Mr. Brian MacEachen as Chief Financial Officer and say I am pleased he will remain as a valuable member of the board of directors".

Jim McKenzie said, "I'm excited to be joining the senior Ucore management team in this capacity. Ucore has assembled an advanced administrative and technical services organization, and it will be a pleasure to work with these personnel as we engage in a period of growth across our multiple properties. Based on the company's outstanding success during our launch period, this year holds a great deal of promise for our shareholders and our employees."

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This press 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 exploration drilling, exploration activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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

Contact Information

  • Ucore Uranium Inc.
    Mr. Jim McKenzie
    Chief Operating Officer
    902-482-5214
    902-492-0197 (FAX)
    or
    Ucore Uranium Inc.
    Dan Whittaker
    Chairman and Chief Executive Officer
    902-482-5214
    902-492-0197 (FAX)