SOURCE: Wall Street News Alert

Wall Street News Alert

October 24, 2006 09:43 ET

Wall Street News Alert: URXE, Tuesday's Hot Stocks to Watch! October 24, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - October 24, 2006) - Wall Street News Alert's "stocks to watch" this morning are: Urex Energy Corporation (OTCBB: URXE), Occidental Petroleum Corporation (NYSE: OXY), Cameco Corporation (NYSE: CCJ) and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX).

Urex Energy Corporation (OTCBB: URXE) has continued to release news which has placed the company squarely in the sights of aggressive investors! In October alone, the company has issued press releases announcing everything from the preparations for drill testing of its uranium properties in New Mexico and Argentina to a proposed non-brokered private placement financing of up to $2.5 Million to accredited investors.

Investors are apparently taking notice! Two days last week, the company's stock traded almost 1.5 million and almost 3 million shares per day.

The company began the month with news of the proposed private placement financing. Urex Energy plans to use the proceeds from this investment to fund the exploration and development of its uranium projects in Argentina and New Mexico. The Company will commence drilling on these properties in early November 2006 subject to receiving final approval from the relevant governmental agencies.

On October 16th, Urex announced that contracts for the proposed drill testing of the Company's La Jara Mesa Extension and Rio Chubut Uranium Projects have been obtained. Urex proposes to drill 21 exploration holes, each 6 inches in diameter and 1,200 feet deep, on US Forest Service land approximately 10 miles northeast of Grants, NM, in Cibola County, New Mexico. In the press release, the company also stated that in Argentina, Geophysical Exploration & Consulting S.A. of Mendoza, Argentina has been contracted to conduct a seismic reflection geophysical survey over the Company's Cerro Solo claim block which is a part of the Rio Chubut Project. Upon completion of the seismic survey, approximately 30 holes will be drilled in a first phase evaluation program.

On October 18th, the company announced that Mr. Oscar Yoshitaka Yokoi has agreed to join Urex as its South American Manager. Mr. Yokoi, who has more than 29 years of mining and mineral exploration experience, will take charge of Urex's Rio Chubut Project. The Cerro Solo Claim Block, as mentioned above, borders CNEA's 10 million pound Cerro Solo Uranium Deposit.

In September, Urex announced its listing on the Frankfurt Exchange, the world's third largest securities exchange.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Urex Energy!

Prior to the latest press release, the stock closed yesterday at Ninety Three cents a share.

For an in-depth profile of Urex Energy Corporation, visit

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In case you are not familiar with the company: 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.

Occidental Petroleum Corporation (NYSE: OXY) down 1.3% on 7.6 million shares traded. Occidental Petroleum Corporation is one of the leading energy companies.

Cameco Corporation (NYSE: CCJ) down 9.6% on 6.7 million shares traded. Cameco is one of the world's largest uranium producers.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 3.6% on 4.2 million shares traded. FCX explores for, develops mines and processes ore containing copper, gold and silver in Indonesia, and smelts and refines copper concentrates in Spain and Indonesia.

Market Commentary:

"Oil continued to drop, off by 83 cents a barrel or $58.50. OPEC, the producers of 40% of the world's crude oil, will start cutting production on November 1 by 1.2 million barrels per day. The cut was larger than the 1 million barrels per day originally discussed. One oil analysts noted that cutbacks are difficult to maintain as exporters are notoriously lax in maintaining quotas; maybe $58 dollars a barrel will look good when oil drops to say $38 a barrel," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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