Western Uranium Corporation

Western Uranium Corporation

July 09, 2007 08:30 ET

Western Uranium Corporation Encounters Elevated Uranium and Pathfinder Elements in Thelon Basin Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2007) - Western Uranium Corporation ("WUC" or the "Company") (TSX VENTURE:WUC) is pleased to announce preliminary results from its exploration program in the northern Thelon Basin of Nunavut, Canada. The Company recently completed 1032 meters of NQ core drilling in four holes, all of which intersected zones of anomalous uranium and associated pathfinder elements with alteration typical of Athabasca-style uranium deposits. In addition to the drilling, 120 line kilometers of Transient Electromagnetic (TEM) ground geophysical survey was completed on Area 6 and Area 7 target areas. These two areas contain conductive geophysical responses previously identified by a MEGATEM(C) airborne survey that was flown in September 2006.

Exploration Update

Core samples of sheared graphite and graphitic, silicified breccias from all four holes drilled into a MEGATEM(C) EM anomaly have returned highly anomalous values for uranium and nickel, as well as other associated base metals. Uranium values up to 443 ppm are accompanied by anomalous base metal values. Other metals assayed up to: nickel (662 ppm), copper (694 ppm), molybdenum (1078 ppm), lead (215 ppm), zinc (345 ppm) and cobalt (31 ppm) and occur within intervals of elevated uranium. The geochemically anomalous uranium and pathfinder elements are hosted in discrete 0.5 - 2.5 meter zones that occur within sandstones.

The four core holes were drilled in a fence to test a MEGATEM(C) electromagnetic response in Area 7 that is located near the basin margin contact of the Proterozoic Thelon Formation and older Proterozoic Amer Group sedimentary rocks. The high grade uranium deposits found in the Athabasca Basin typically occur in a similar structural setting. The first two drill holes in the program intersected a southeasterly dipping zone containing sheared graphite in a package of locally silicified, immature Amer Group sandstones and siltstones. Graphite was also noted as having been having been remobilized into steeper-dipping fractures within the surrounding sandstones. The two holes drilled on the western edge of the conductive zone encountered 50-75 meter intervals of silicification containing localized zones of hematization and several 0.5-1.0 meter graphitic breccia zones in calcareous sandstones and siltstones. These alteration styles are also often associated with the uranium mineralization in the Athabasca Basin. A second phase of drilling is planned for August to follow up these encouraging initial results.

In the southeastern corner of Area 6, Quantec Geoscience Ltd. completed 32 lines of moving loop Geonics Protem TEM to evaluate and define a 10 kilometer long MEGATEM(C) electromagnetic response. The ground survey defined a string of discrete conductive zones 50-200 meters wide and up to 1000 meters long over a cumulative strike length of 7.5 kilometers. These conductors are within a complexly faulted portion of a mapped shear zone that juxtaposes Proterozoic Thelon sandstones and Archean igneous rocks along the eastern margin of the Thelon Basin. This conductive zone and the complex structural setting are very similar to the known productive areas in the eastern Athabasca Basin Uranium Province.

In summary, the size and complexity of the currently defined conductive anomalies in Area 6 and their coincidence with Thelon sandstones and a major regional shear zone present an exploration target requiring more detailed follow-up sampling in preparation for drill hole targeting. The Company intends to conduct a Soil Gas Hydrocarbon (SGH) survey over the area using the existing geophysical grid in August to delineate possible uranium mineralization at depth.

About the Company

Western Uranium Corporation is a mineral exploration company with a focus on uranium. The Company has exploration properties in Kings Valley, Nevada, Treeline, New Mexico and in the Thelon Basin, Nunavut and the Northwest Territories. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada.

The contents of this press release were reviewed by Pamela Klessig and Douglas Bowden. Both Mr. Bowden and Ms. Klessig have sufficient experience to review this release and are both Qualified Persons as defined by NI 43-101.

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 nor disapproved of the contents of this press release.

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