SOURCE: Uranium Hunter Corporation

March 05, 2007 16:00 ET

Uranium Hunter Adds CFO to Management Team and Appoints Directors to the Board

TORONTO -- (MARKET WIRE) -- March 5, 2007 -- Uranium Hunter Corporation (OTCBB: URHN) ("Uranium Hunter" or the "Company") is pleased to announce the appointment of Mr. Howard Barth C.A, MBA, and Mr. Ghaith Qamheiah P.Eng to the Uranium Hunter Board of Directors, as well as Mr. Rakesh Malhotra C.A, C.P.A as the company Chief Financial Officer.

Mr. Barth graduated with a B.A. in Geography at York University, in Toronto, Ontario. He continued his studies at York University through the Schulich School of Business and graduated with a Masters degree in Business Administration in 1976. Upon graduation, Mr. Barth worked for William Eisenburg & Company (now PricewaterhouseCoopers), a large Toronto accounting firm and attained his C.A. designation. After spending the next few years working with different firms in the Greater Toronto area, Mr. Barth started his own accounting practice in 1984 and subsequently expanded his firm by adding two partners. In his 25 years of public practice, Mr. Barth has had direct involvement in a number of industries and is familiar with all aspects of accounting for small to medium sized businesses. Since 1979, Mr. Barth has been a member of the Canadian Institute of Chartered Accountants and the Ontario Institute of Chartered Accountants.

Mr. Ghaith Qamheiah is a Professional Engineer registered in the Province of Ontario. Mr. Qamheiah earned his Bachelor of Engineering (B.Eng.) degree in Chemical Engineering from McMaster University in Hamilton, Ontario. Mr. Qamheiah has gained several years of practical experience in Canada and abroad in the field of engineering consulting, working specifically with Ontario Power Generation, Bruce Power, Atomic Energy of Canada, and Canadian Nuclear Safety Commission. Over the years, Mr. Qamheiah has in addition, contributed his expertise along side committee members charged with the drafting of new regulations governing the safety design, construction, refurbishment, commissioning and decommissioning of nuclear power generating stations in Canada.

Mr. Malhotra is C.A., C.P.A. with a proven track record implementing cost savings, negotiating contracts, and increasing profitability for international firms. He leverages broad knowledge of Canadian and U.S. GAAP and GAAS and International Accounting Standards. Mr. Malhotra serves as CFO for various other Canadian and US listed companies, and therefore will be a tremendous asset in corporate and financial governance.

Commenting on these appointments, Mr. Cegielski, stated, "Uranium Hunter is committed to building a strong, experienced and results-oriented team of professionals as we commence operations in Tanzania. It is important that the company has talented individuals in order to strengthen the management team and the additions of Mr. Barth, Mr. Qamheiah and Mr. Malhotra complements that objective."

About The Company:

Uranium Hunter (OTCBB: URHN) is a natural resource corporation devoted to the exploration and development of deposits of Uranium and Gold in East Africa. The company website can be found at www.UraniumHunterCorp.com.

Uranium Hunter has entered into a Definitive Agreement with Trimark Explorations, Ltd ("Trimark"), on behalf of its wholly owned subsidiary Gambaro Resources, to earn up to a 100% interest in the Uranium-Au property located in Njombe and Songea Districts, Tanzania. Uranium Hunter has optioned 170 km 2 property in southern Tanzania covering sediments of the Karoo sequence which share common features with rocks of the Colorado Plateau in the western US that have been prolific producers of Uranium.

Forward-Looking Statements:

This press release contains forward-looking statements, particularly as related to, among other things, Uranium Hunter's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, and other factors that may cause Uranium Hunter's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks, uncertainties and other factors that are detailed in Uranium Hunter's Quarterly and Annual Reports and other documents Uranium Hunter files from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Uranium Hunter cautions readers not to place undue reliance on such statements. Uranium Hunter does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Uranium Hunter's expectations and estimates.

Contact Information

  • Contact:

    Uranium Hunter Corporation

    Adam Cegielski
    President
    (416) 915-3199

    Investor Relations
    Toll free 1-866-566-0936

    NR 07-02