SOURCE: Urex Energy Corporation

November 08, 2006 09:00 ET

UREX Energy Corp. Upgraded to $3.00 per Share

NEW YORK, NY -- (MARKET WIRE) -- November 8, 2006 -- UREX Energy Corporation (OTCBB: URXE) has been upgraded to $3.00 per share by Bridge IR Group (BIRG).

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Since nuclear power is back in demand as a relatively cheap, reliable and emissions-free solution to the world's rapidly increasing need for energy, Urex Energy is working to meet these growing needs by developing two prospective uranium projects that it has acquired in Argentina and New Mexico.

About Urex Energy Corporation

Urex Energy Corp. is focused on actively exploring and developing uranium properties in Argentina and New Mexico. Urex owns a 99.8% interest in the Rio Chubut property comprised of 170,000 hectares of land which is adjacent to the Cerro Solo Uranium deposit located in Chubut Province within Patagonia of southern Argentina. The Cerro Solo exploration block is approximately 20 km x 50 km, and borders the Cerro Solo Uranium deposit to both the North and the South.

Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico. The La Jara Mesa Extension property lies adjacent to Laramide Resources Ltd.'s La Jara Mesa and Melrich uranium deposits. Between 1950 and 1978 the Grants Mining District produced 270 million pounds of uranium oxide which ranks it as the most prolific uranium district in the United States.

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