Western Uranium Corporation

Western Uranium Corporation

October 14, 2009 10:20 ET

Western Uranium Corporation Purchases Additional Units of Western Lithum in Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2009) - Western Uranium Corporation (the "Company") (TSX VENTURE:WUC) announces that it has purchased 1,476,000 units of Western Lithium Canada Corporation ("Western Lithium") at a price of $0.95 per unit, pursuant to a private placement. Each unit consisted of one common share and one-half of a share purchase warrant, with each whole share purchase warrant being exercisable into one additional common share of Western Lithium at a price of $1.25 per share for eighteen months. These common shares acquired, together with the 18,209,393 common shares of Western Lithium already owned by the Company, represent 19,685,393 common shares, or 24.4% of Western Lithium's current issued and outstanding share capital following the private placement. Upon exercise of the 738,000 share purchase warrants purchased plus the 3,000,000 purchase warrants already owned by the Company in full, the Company would own 23,423,393 common shares of Western Lithium, or approximately 29.1% of the issued and outstanding common shares of Western Lithium, assuming no other common shares are issued by Western Lithium. The Company has acquired these securities for investment purposes only. Further securities of Western Lithium may be acquired by the Company in the market or privately from time to time.

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 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; and its executive management team is based in Reno, Nevada.

The TSX Venture Exchange has neither approved or disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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