Uranium North Resources Corp.

Uranium North Resources Corp.

November 17, 2010 10:23 ET

Uranium North Identifies New High Gold and Silver Project within the Aura Permits

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2010) - Uranium North Resources Corp. (TSX VENTURE:UNR) introduces the 100% owned AN project within the Aura Consolidated Gold permits in Nunavut. Historical surface rock samples at AN yielded high gold, silver and copper including reports of one sample assaying 72 g/T gold, 1193 g/T silver and 6.9% copper.

"The AN project is one of five 100% owned advancing gold/silver projects recently acquired by the Company. These projects along with the company's advanced uranium projects allow the shareholders to participate in the gold, silver and energy markets," says Mark R. Kolebaba, President and CEO of the Company.

The mineralization at AN appears to be related to a lithological/structural unit that is estimated to extend for a minimum of 5 kilometres. According to historical reports only 400 metres of this structure has been tested with 25 surface rock samples.

Of the 25 historical rock samples reported, 18 contained high concentrations of gold, copper and/or silver. The area with high grade gold, silver and copper was tested in the late 1970's with a single hole drilled to a total depth of 40 metres. After review of related data and recognition of the high grade metal content, the Company has concluded that the project was insufficiently tested and warrants further exploration. The table below highlights selected samples.

Sample Au g/T Ag g/T Cu%   Sample Au g/T Ag g/T Cu%
1 71.45 1193.11 6.88   8 0.41 40.29 0.7
2 4.8 991.17 2.7   9 0.62 3.43 <0.1
3 4.25 1561.1 0.79   10 0.1 8.3 0.028
4 1.92 39.09 0.386   11 <0.1 13.23 <0.1
5 1.2 11.28 0.34   12 <0.1 6.82 <0.1
6 1.03 170.4 0.179   13 <0.1 3.94 <0.1
7 0.62 73.99 0.552   14 <0.1 2.47 <0.1

Plans for the AN project include detailed prospecting and sampling of the known mineralized area in preparation for drilling. Regional prospecting along the extension of the lithological /structural unit will be completed in an attempt to identify additional areas with mineralization. The AN project is strategically located 10 kilometres north of F13 and 20 kilometres south of Robin, two other gold / silver projects owned by the Company. Work on all three projects will be completed under the unified Angikuni Lake project resulting in lower overall exploration costs.

About Uranium North

Uranium North owns 100% interest in five gold, silver and copper projects and three advanced uranium projects. The Amer Lake uranium deposit is one of the largest NI 43-101 uranium resources in Nunavut.

The historical work reported in assessment files has not been verified by the Company, however, it appears to have been completed under standard best practices consistent with the time and appears to be of reasonable quality. The site was visited by Qualified Persons Linda Erdman (P.Geo.) and Geoff Goodall (P.Geo.).

On behalf of Uranium North Resources
Mark Kolebaba President and CEO

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, activities and events or developments that Uranium North Resources Corp (the "Company") expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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