Uranium Bay Resources Inc.

Uranium Bay Resources Inc.

September 04, 2007 12:41 ET

Uranium Bay Resources Inc. Not to Force the Exercise of Warrants

MONTREAL, QUEBEC--(Marketwire - Sept. 4, 2007) - URANIUM BAY RESOURCES INC. (TSX VENTURE:UBR) announces that its Board of Directors has resolved to not force the exercise of the warrants issued in connection with the private placement closed on April 4, 2007 and whose expiry date is April 4, 2008.

Therefore, the Company renounces to its rights stemming from the subscription agreement executed by the subscribers entitling the Company to cancel the warrants or have them exercised by a person designated by it in the case such warrants should not be exercised after the share price of the Company has closed above $0.30 for a ten-day period.

About Uranium Bay Resources Inc.

Uranium Bay Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol UBR on the TSX Venture Exchange. The Company has 58,093,642 shares outstanding. The Company holds 100% of several U3O8 mineral exploration properties including the 314 km2 Uskawanis Uranium property located just south of the Opinaca reservoir, the 90 km2 Kauschiskach Uranium property located just 100 km NE of Radisson in the Quebec James Bay area of northern Quebec, and the five properties totalling 197 claims covering the Lac Georges (100 claims), Lac Forget (24 claims), Ruisseau Lebrun (38 claims) ,Maurice (19 claims) and Bloc extension 06 (16 claims), properties located in the Wakeham area, in eastern Quebec.

The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements reflecting Uranium Bay objectives, estimates, expectations and the impact of acquisitions on Uranium Bay's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Uranium Bay's projections or expectations.

Contact Information

  • Uranium Bay Resources Inc.
    Bernard J. Tourillon, President
    PaRadox Public Relations
    Eric Leboeuf
    Toll-free 1-866-460-0408