Western Uranium Corporation

Western Uranium Corporation

March 01, 2007 14:02 ET

Western Uranium Corporation Appoints Chairman of the Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2007) - Western Uranium Corporation ("Western Uranium") (TSX VENTURE:WUC) is pleased to announce that R. Edward Flood has agreed to join the Company's Board of Directors and to serve as Chairman of the Board. Mr. Flood will assume the role as Chairman and Director immediately.

Mr. Flood has developed an extensive background in the mining and exploration sector over the last 35 years that includes various executive, managerial, and technical positions. Mr. Flood was Ivanhoe Mines founding President and has been a member of the Ivanhoe board of directors since that company was formed in 1994. His background in the international mining field helped guide Ivanhoe's growth and established the company as a significant presence in Asia's mineral exploration and mining sectors.

Prior to founding Ivanhoe Mines, Mr. Flood was a principal at Robertson Stephens & Co., an investment bank in San Francisco, and was a member of the Robertson Stephens' investment team for the Contrarian Fund, a public mutual fund concentrated on natural resources development projects around the world. Mr. Flood has also held the position of senior mining analyst with a prominent Canadian securities firm. He holds a bachelor's and master's degree in Geology.

"The Company believes that Mr. Flood's background and experience will play a significant role in guiding the Company forward and welcomes him to the Board of Directors," said Pamela Klessig, Western's President and CEO.

On behalf of the Board of Western Uranium Corporation

Pamela J. Klessig, President & CEO

Western Uranium Corporation is a mineral exploration company with a focus on uranium. The Company has exploration properties in Nevada and in New Mexico. The Company has its head office in Vancouver, Canada; and its executive management team is based in Reno, Nevada.

Forward-looking statements: This document may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved of the contents of this press release.

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