Uranium North Resources Corp.

Uranium North Resources Corp.

December 12, 2006 13:58 ET

Uranium North Resources Corp.: Ten Conductors Identified on Thelon UNR Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 12, 2006) - Uranium North Resources Corp. (TSX VENTURE:UNR) reports that it has been informed by Bayswater Uranium Corporation, that 10 strong to moderate conductors extending 1 to 3 kilometres have been identified on the Thelon UNR property located in the Northwest Territories.

Identifying numerous conductors is an important advancement to the project as conductors have historically been associated with unconformity type uranium deposits such as those deposits found in the Athabasca Basin. The Thelon Basin is widely believed to be geologically analogous to the Athabasca Basin. Planning is currently underway to advance these targets to the drill testing stage in 2007.

Eight of the conductors delineated lie within the Thelon Basin where depth to the unconformity is interpreted to be less than 100 metres. The remaining two conductors are in basement rocks marginal to the sandstone basin in similar geologic settings to Cogema's Kiggavik uranium deposit. Several other features currently undergoing further interpretation were also identified from the survey data.

Mark Kolebaba, President of Uranium North states, "It is important for shareholders to recognize that these targets are at an estimated depth less than 100 metres. The favourable depth of these conductors is reminiscent of uranium exploration in the Athabasca basin 30 years ago. We believe that the Thelon UNR project offers shareholders an excellent opportunity of discovering a high-grade unconformity-type uranium deposit in the Thelon Basin."

A number of the conductors detected appear to occur where the regional northeasterly geological structural trend is intersected by prominent east-west magnetic breaks, interpreted to be cross-cutting basement faults. Conductors associated with fault structures are key features associated with high-grade unconformity-type uranium deposits such as McArthur River and Cigar Lake in the Athabasca Basin.

The target conductors have been identified from a 7,641 line-kilometre airborne geophysical survey completed on part of the property. The survey was flown at 400 metre line spacing and was completed during late summer, 2006. Previous work by other companies in the areas from 1969 - 1985 did not focus on electromagnetic conductors and no drilling is recorded in the assessment files for the area. Further, no previous exploration work of any kind is recorded in the area of the two basement conductors.

The 1,363,378 acre Thelon UNR property is the largest land position in the Thelon Basin and is subject to an agreement whereby Bayswater may earn an 80% interest in the property. Uranium North will retain a 20% interest which is carried to completion of a feasibility study on any uranium deposits found on the property. Bayswater will operate the uranium exploration program on the Thelon UNR property.

Mr. Victor Tanaka, B.Sc. P.Geo.(B.C.), Chief Operating Officer of Bayswater is the qualified person under NI 43-101 responsible for the technical information in this news release.


Mark Kolebaba, President & CEO

Uranium North Resources Corp.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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