SOURCE: Utah Uranium Corp.

November 09, 2007 03:05 ET

Utah Uranium Receives Final Permit, Drill and Crew Mobilized

MOAB, UT--(Marketwire - November 9, 2007) - Utah Uranium Corp. (the "Company") (OTCBB: UTUC) is pleased to announce that, having filed the requisite reclamation bond, the Company is now in receipt of final permits required for drilling the Company's Pinto property.

Having received the final permits, a drill crew and rig are currently being mobilized to the property, with drilling activity to commence early the week of November 12th. The Company's Technical Advisory Board member and expert Uranium geologist, Mr. Christian (Ted) Murer P.Geo, is joining other consulting geologists on site to assist in the overseeing of drilling activities.

The first phase drilling program will entail drilling of up to 20 holes out of a permitted 50-hole drill program. Results of the first phase drilling will be announced as received.

The Pinto property consists of 344 mineral claims totally approximately 7,000 acres located the Henry Mountain Syncline Basin of East Central Utah. The property is the subject of a Joint Venture agreement with Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FRANKFURT: E2L) ("Abaddon") of Vancouver, B.C. Abaddon has an option to earn up to a 60% interest in the property by making payments to the Company totaling $550,000 (Canadian $), issuing a total of 550,000 shares to the Company, and by fully funding a total of $605,000 (Canadian $) in exploration and drilling expenditures over the life of the agreement.

About the Pinto Property: Utah Uranium Corp. "UTUC" acquired the Pinto claims from Christian (Ted) Murer P.Geo, the prospector geologist who conceptualized, discovered and currently holds a production royalty on the Tony M mine. Ted has assembled the Pinto uranium claim package using the same data and methodology in the identical geologic setting as the Tony M and Bullfrog mines on strike to the south, targeting the down dip accumulation of uranium and vanadium within the Salt Wash member of the Jurassic Morrison formation. The Morrison formation is approximately 250-300 ft. thick in this area. Drilling depth to the top of the Salt Wash will vary in depth from 50 to 150 ft. depending on dip and topography. The present plan is to define the north-south trend of ore accumulations within the various sands of the Salt Wash based on known uranium deposits in the area and the applicable theories of mineral migration.

The potential of the Pinto claims, the first claim block to undergo drill permitting, is for high grade (for the area) uranium and vanadium deposits. Based on area extrapolations, the deposits could hold significant amounts of uranium and vanadium.

The Henry Mountain Syncline is an enclosed structural basin within the Colorado Plateau of southeastern Utah that is entirely underlain by the massive uranium bearing Salt Wash sandstone member of the Morrison formation. The hydraulic migration containing liberated uranium in solution within oxygenated waters flow down-dip within the formation into the trapped, oxygen free static waters within the basin, a reducing environment which precipitates out ore grade uranium resulting in a zone of major ore concentration, otherwise known as a roll-front environment.

The first discovery, known as the Tony M mine, was made in the 80s by Plateau Resources, a division of Michigan Light and Power, and consists of 10,898,000 pounds of Uranium. Subsequently, the Bullfrog mine was discovered adjacent and north of the Tony M mine by Imperial Oil Corporation, and consists of an additional 12,924,000 pounds of Uranium. These mines are currently owned by Denison Mines and are collectively known as the Henry Mountains complex, one of the largest known uranium resources in the Colorado Plateau district.

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 Dennison 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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