SOURCE: Uranium Hunter Corp.

March 19, 2007 09:00 ET

Uranium Hunter Corporate Update

TORONTO -- (MARKET WIRE) -- March 19, 2007 -- Uranium Hunter Corporation (OTCBB: URHN) ("Uranium Hunter" or the "Company") is pleased to update the investment community with its new corporate focus and direction in the field of mineral exploration in East Africa, specifically Uranium exploration in Tanzania.

As of the first quarter of 2007, management of Uranium Hunter focused the company towards mineral exploration in East Africa, with a specific focus towards Uranium exploration. Shareholders of the company approved a 2 for 1 stock split and name change to Uranium Hunter Corporation and received the new trading symbol URHN. The company is moving forward to develop a distinguished, and well structured Uranium exploration junior positioned in one of the most prolific exploration area's of Africa. With this new initiative, the company has developed a corporate website that will keep the investment community abreast of all developments. Management encourages investors to inquire about the company thought the corporate website at www.UraniumHunterCorp.com.

With the new focus initiated, it was critical to develop a strong, focused management team. Recent appointments to the Board of Directors and Board of Advisors have positioned Uranium Hunter to maximize the talent of management to ensure an effective and dynamic execution of its business plan. An initial mandate has been set to initiate progress on the "Ruhuhu" Project in southern Tanzania, as well as to develop a strong portfolio of Uranium exploration opportunities. Management plans to leverage its extensive experience in East Africa to secure further significant opportunities throughout the region.

Shareholders should note recent additions to the corporate website, including a new Corporate Presentation, Letter to Shareholders, and various relevant publications in the Investor Relations section of the site.

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 07-04