Utah Uranium Corp.
OTC Bulletin Board : UTUC

Utah Uranium Corp.

April 29, 2008 06:00 ET

Utah Uranium Corp. Enters Negotiations to Joint Venture on Potash Property

MOAB, UTAH--(Marketwire - April 29, 2008) - Utah Uranium Corp. (the "Company") (OTCBB:UTUC) is pleased to provide the following update to the Company's announcement of the acquisition of the Ernestina Lake Potash property, located in the Province of Alberta, Canada. The Company acquired 192,000 contiguous hectares (474,400 acres) of potash claims, located in east-central Alberta, adjoining the Saskatchewan provincial border, northwest of the town of Unity, Saskatchewan, the site of Canada's first Potash mine.

The Company has received several inquiries regarding potential joint ventures of this large property. At present, discussions are moving forward with more than one potential partnership group. It is the intention of management to secure the best transaction for the Company in order to see the quickest development of this project, thereby offering the greatest rewards to shareholders, within the shortest timeframe.

As a condition of any transaction, the Company will require the completion of a modern 43-101 report on the existing nature of the deposit and the potential extent of the mineralization, followed by a firm commitment to commence development as recommended within any 43-101 report.

A further news release will be issued upon the conclusion of joint venture discussions.

About the company

Utah Uranium Corporation is a Moab, Utah based junior exploration and development company focused on the acquisition of highly sought after Fertilizer and Energy related opportunities in addition to cash-flow investments.

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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