SOURCE: Uranium Hunter Corp.

March 07, 2007 16:00 ET

Uranium Hunter Strengthens Management Team With Appointments to the Board of Advisors

TORONTO -- (MARKET WIRE) -- March 7, 2007 -- Uranium Hunter Corporation (OTCBB: URHN) ("Uranium Hunter" or the "Company") is pleased to announce the appointment of Dr. Alan Diener, Ph.D. and Brian Hester, P.Eng. to the Uranium Hunter Board of Advisors.

Adam Cegielski, President of Uranium Hunter, commented, "We are incredibly pleased to bolster our management team with these two seasoned professionals, whose talent, knowledge and skills will be an invaluable asset to the Company. Alan, with his extensive experience in economics and financial analysis will be a great asset to the company. Brian has had a long history in Africa with a focus on Tanzania. He is a well-respected author and has written extensively as it relates to Tanzania and its mineral assets. We are very fortunate to have these exceptional individuals join our team."

Brian Hester holds a bachelor's degree in Mining Geology from the Royal School of Mines, Imperial College London and a MA.Sc. in Economic Geology from the University of Toronto. He is registered as a professional engineer in Ontario (P.Eng). Mr. Hester has over 50 years experience in mining and exploration geology in North America, Africa, Australia and Europe with major and junior resource companies (Falconbridge, Rio Tinto Zinc, Texas gulf) as well as with government agencies. Brian has spent his entire career in the commercial mining sector with time spent equally in exploration, development and production work in various parts of the world in a wide range of commodities. Over his career, he has spent a great deal of time in Africa, with a focus in Tanzania where he learned Swahili. He supervised the initial drill programme at the Kidd Creek mine near Timmins, ON and participated in the development drilling of the Nanisivik mine in northern Baffin Island and uranium deposits in Wyoming. He is credited with recognizing the Casino Creek porphyry copper deposit in the Yukon, uranium in Labrador and with finding the Mt. Wellington tin deposit in England.

Mr. Hester obtained mine production experience as assistant manager at a gold dredging operation in the Yukon and silver mining in the Cobalt-Gowganda district of Ontario. Consulting clients include The World Bank, United Nations (UNDP), Homestake Mining, Placer Dome and various private clients in Canada and the U.S.A. In Canada and the United States, Mr. Hester has worked in production and management in precious metal mines as well as in exploration and development. He has been involved with several significant discoveries. Mr. Hester has authored books and pamphlets on mining opportunities in Tanzania and Uganda for the UN and World Bank.

Dr. Diener is a Professor of the School of Management at the University of Ottawa. He completed his Ph.D. in Economics from McMaster University. Dr. Diener has held various positions in his career as an Economist/Professor for various Universities across North America, as well as spending time in the Economic Analysis and Evaluation Division Office with the Canadian Government.

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 07-03