UNOR Inc.
TSX VENTURE : UNI
OTC Bulletin Board : UNOFF

UNOR Inc.

April 04, 2007 14:03 ET

UNOR Commences 2007 Nunavut Exploration Program

TORONTO, ONTARIO--(CCNMatthews - April 4, 2007) - UNOR Inc.(TSX VENTURE:UNI)(OTCBB:UNOFF) announces the commencement of its 2007 $7.0 million uranium Nunavut exploration program with ground geophysics and diamond drilling underway. See the company's January 5, 2007 press release, UNOR Plans $7 million 2007 Exploration Program, which outlines the program details for this March/September exploration season including approximately 6,000 metres of diamond drilling.

Since September 2006, UNOR has increased its Nunavut exploration area from 0.5 million acres to 2.7 million acres or by 414% as shown below:

- 89,300 acres via the joint venture with Adriana Resources Inc. on 41 claims located between the two companies;

- 521,500 acres via the option/joint venture with Cameco Corporation on 205 claims to the west of UNOR's Coppermine River claim group. UNOR is the operator and in this area UNOR owns in digitized format the historical BP Minerals database; and

- 1,588,000 acres via the joint venture with Cameco Corporation on 27 prospecting permits on northwest Baffin Island and UNOR is the operator.

In addition to its increased exploration area, UNOR has also expanded its uranium target models. These now include highgrade unconformity deposits; large, lowergrade disseminated deposits in sandstone; basement hosted highgrade, structurally controlled deposits; and vein type deposits.

In June 2006, Cameco Corporation acquired 19.5% of UNOR and the Strategic Alliance Agreement between the companies provides to UNOR ongoing uranium technical knowledge, guidance and exploration opportunities as per the above mentioned joint ventures.

UNOR Inc. with its head office in Toronto, Ontario is a uranium exploration and development company with its principal mineral properties in Nunavut. UNOR's shares trade on the TSX Venture Exchange: UNI and OverTheCounter in the United States: UNOFF. To view the company's latest presentation go to the heading Investment Presentation April 2007 on the home page of the UNOR web site at www.unorinc.com.

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS RELEASE.

Contact Information

  • UNOR Inc.
    George Bell
    President & CEO
    (416) 368-0114
    or
    UNOR Inc.
    Tom Devlin
    Corporate Secretary & Controller
    (416) 368-0114
    Website: www.unorinc.com