SOURCE: Uranium Hunter Corp.

September 11, 2007 16:00 ET

Uranium Hunter Initiates Exploration on Uganda Uranium Kibaale Project

TORONTO--(Marketwire - September 11, 2007) - Uranium Hunter Corporation (OTCBB: URHN) ("Uranium Hunter" or the "Company") is pleased to announce that it has now initiated exploration activities after confirming specific Uranium targets on its Uganda Uranium Kibaale Project, consisting of the Kagadi and Nkoko Properties in Southwest Uganda.

Initial review of historical aerial survey results indicated that Kagadi had highly radioactive granite in the neighbourhood of a NNE fault separating the granite from the Basement Complex Schist. The NNE fault line extends to the Nkoko area. The survey covered the whole of southern Uganda up to one-degree north, which included the southern components of both Kagadi and Nkoko EL areas. The results showed enhanced radiometric values in the range of 2500-3250 cps in Kagadi area and over 3250 cps in Nkoko EL area.

Based on these initial findings, Uranium Hunter's JV partner is now moving forward on a phase I exploration program on the Kibaale Project. This program will focus primarily on establishing more specific anomalies through systematic mapping and sampling of the project area. With the World Bank, African Development Fund, Nordic Development Fund, and Ugandan Government co-sponsoring a US$42 million high valued mineral centered aerial survey, initially earmarking the central region of Uganda including the Nkoko and Kagadi EL areas for closer interval aerial survey coverage, we are looking forward to further results quickly on the Kibaale Project.

"The upcoming results from the government sponsored survey will be tremendously helpful in elucidating the potential for radiometric mineral in both the Nkoko and Kagadi areas. A systematic mineral exploration program, including drilling, will help reveal the mineral potential of the area," commented Uranium Hunter's JV partner, NPK Resources.

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 have all co-sponsored a US$42 million 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.

Contact Information

  • Contact:

    Uranium Hunter Corporation
    Adam Cegielski
    President
    (416) 915-3199

    Investor Relations
    Toll free 1-866-566-0936