Universal Uranium Ltd.
TSX VENTURE : UUL

Universal Uranium Ltd.

January 30, 2006 13:30 ET

Universal Uranium Arranges $5 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 30, 2006) -

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Universal Uranium Ltd. (TSX VENTURE:UUL) has engaged Haywood Securities Inc. ("Haywood") to conduct a brokered private placement of up to 6,700,000 units at a price of $0.75 per unit, with an over allotment option of up to 2,700,000 units. Each unit will consist of one common share and one half of one transferable common share purchase warrant. Each whole warrant shall be convertible into one common share at a price of $1.00 for a period of two years. Haywood will receive a cash commission equal to 7.5% of the gross proceeds from the sale of the units and compensation options equal to 10.0% of the number of units sold under the offering, each compensation option convertible into one unit of the Company at a price of $0.75 for a period of two years, and a corporate finance fee at closing comprised of 25,000 units, plus GST, for services rendered in connection with the offering.

Proceeds of the financing will be used for general exploration expenditures, working capital and other corporate purposes.

The financing is subject to regulatory acceptance.

Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.

ON BEHALF OF THE BOARD:

Clive H. Massey, President

Standard & Poor's Listed

Issued Share Capital: 22,354,339

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

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