Universal Uranium Ltd.
TSX VENTURE : UUL

Universal Uranium Ltd.

March 21, 2006 09:15 ET

Universal Uranium Commences Drilling at Lisbon Valley

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2006) -

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Universal Uranium Ltd. (TSX VENTURE:UUL) reports that drilling has commenced on its 100% owned Lisbon Valley Property in San Juan County, Utah. Phase 1 drilling will consist of 6 to 8 drill holes for approximately 6,800 meters of drilling.

The Lisbon Valley Property consists of two contiguous claim blocks encompassing 300 + claims, totaling over 7300 acres. These claims cover the downthrown side of the Lisbon Valley Anticline. The claims are located on the northeastern side of the Lisbon Fault, and extend south from the Lisbon Mine for a distance of more than six miles to the southeast. The Lisbon Mine was put into production by Rio Algom in 1972 and produced over 23 million lbs of U308 over its 16 year mine life.

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: 28,846,216


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

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