Ucore Uranium Inc.
TSX VENTURE : UCU

Ucore Uranium Inc.

February 03, 2010 09:09 ET

Ucore Uranium Inc. Announces Investor Relations Appointment

HALIFAX, NOVA SCOTIA--(Marketwire - Feb. 3, 2010) -

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Ucore Uranium Inc. (TSX VENTURE:UCU), ("Ucore" or the "Company") is pleased to announce the appointment of Mr. Nick Vermeulen, MSc. Geo., MBA to the role of Vice President of Corporate Development. Mr. Vermeulen is a successful businessman and entrepreneur, with over 20 years of business experience. Mr. Vermeulen holds a Master of Science degree in Structural Geology with a minor in Business Administration from University of Utrecht, Netherlands. Mr. Vermeulen's unique combination of geological background combined with his business experience allows him to effectively bridge the technical-business aspects of the exploration business.

Commensurate with his appointment, Mr. Vermeulen will be granted 200,000 stock options, subject to the approval of the TSX Venture Exchange. The options are exercisable at a price of $0.38 per share and will expire five years from February 2, 2010, the date of the grant. One third of the options will vest after 6 months and an additional third of the options will vest every six months thereafter.

"I am delighted to announce the appointment of Nick Vermeulen to reinforce the Company's profile in the investment community and enhance the visibility of our project portfolio," noted Jim McKenzie, President and CEO of Ucore Uranium Inc. "I look forward to working with Nick as part of our management team at Ucore."

About Ucore Uranium Inc.

Ucore Uranium Inc. is a junior exploration company focused on establishing REE and uranium resources through exploration and property acquisition. With multiple projects, Ucore's primary focus is the Rare Earth One operated Bokan – Dotson Ridge rare earth element and uranium project. The project is located on the southern part of Prince of Wales Island in southeastern Alaska, with excellent deep water access and proximity to major sea and rail shipping routes across North America and to Asia.

Jim McKenzie, President

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 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 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ucore Uranium Inc.
    Mr. Jim McKenzie
    President and Chief Executive Officer
    (902) 482-5214