SOURCE: Utah Uranium Corp.

December 06, 2007 03:05 ET

Utah Uranium Completes First 10 Holes, Additional Drilling Being Permitted

MOAB, UT--(Marketwire - December 6, 2007) - Utah Uranium Corp. (the "Company") (OTCBB: UTUC) is pleased to announce the completion of the first 10 holes of the first phase of drilling operations on the Company's Pinto Project, located near Hanksville, UT.

Material collected from the drilling has been sent to ALS Chemex Lab in Elko, Nevada for analyses. Results are expected in the next few weeks. In addition, results from down-hole Gamma Ray/SP/SPR logging of the drill holes, performed by Jet West Geophysical Services LLC, are also expected shortly.

The Company also wishes to announce that additional locations on the Pinto property are currently being permitted, to facilitate additional drilling to commence early in the New Year. It is anticipated that permitting and contracts will be in place to commence these additional operations as early as the first week or two of January, 2008. Funding for this additional drilling is included in the original $305,000 budget.

The exploration and drilling program is being funded 100% through the recently announced agreement with Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FRANKFURT: E2L) ("Abaddon") of Vancouver, B.C. Abaddon have an option to earn up to a 50% interest in the property by paying the Company $550,000, issuing the Company 550,000 shares of Abaddon, funding 100% of this $305,000 drilling program over the life of the agreement. By funding an additional $300,000 exploration and drilling program, Abaddon may earn up to an additional 10% interest in the project.

About the company

Utah Uranium Corporation is a Moab, Utah based junior exploration and development company focused on the acquisition of past producing underground uranium mines, highly prospective new uranium projects and other conventional and non-conventional energy projects. All of the uranium projects acquired to date, in addition to those under review by the Company are within economic haul distances of the White Mesa Uranium Vanadium Mill in Blanding, Utah owned by Denison Mines.

On behalf of the Board,

Peter Dickie, President

Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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