SOURCE: Uranium Hunter Corp.

July 18, 2007 11:33 ET

Uranium Hunter Appoints Director of Exploration for Tanzania

TORONTO--(Marketwire - July 18, 2007) - Uranium Hunter Corporation (OTCBB: URHN) is pleased to announce that Richard Speir has joined the company as Director of Exploration. Richard has over 35 years of experience in the mining industry wherein he has worked with international mining companies on both grass root and advanced staged projects. He has spent the last 25 years focusing on exploration in Tanzania wherein he has worked on numerous projects managing exploration, forecasting exploration potential, managing, sampling and target selection, and aerial survey interpretation. Richard is a Member of the Tanzanian Chamber of Mines.

Commenting on the appointment, Adam Cegielski, President and CEO, stated, "Richard has years of experience in mineral exploration in Africa. Given his considerable experience in mining operations, particularly in Tanzania, Richard adds new depth and strength to Uranium Hunter as we move forward with our business plan. As a result of the recent rise in the price of Uranium and the mining sector in general, finding experienced technical expertise can be a serious challenge. His managerial experience, professional field skills, technical knowledge and leadership will be invaluable as we expand our operations in Tanzania."

Richard stated, "I am very pleased to be involved in this dynamic project. The Ruhuhu property shares many common features of properties which have become prolific producers of Uranium. We are looking forward to starting field exploration shortly."

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 become prolific producers of Uranium.

Uranium Hunter has entered into another Definitive Agreement with NPK Resources Ltd. to earn a 75% interest in the Nkoko and Kagadi uranium properties which contain over 800 km2 located in Kibaale district, Uganda, called the "Kibaale Project."

The Ugandan government, World Bank, African Development Fund and the Nordic Development Fund has all co-sponsored a US $42 million dollar high valued mineral centered aerial survey which began in January 2007. Results are expected shortly, and will aid in early exploration work on the properties.

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.

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Contact Information

  • Contact:
    Uranium Hunter Corporation
    Adam Cegielski
    President
    (416) 915-3199
    Investor Relations
    Toll free 1-866-566-0936