Western Uranium Corporation
TSX VENTURE : WUC

Western Uranium Corporation
Western Lithium USA Corporation
TSX VENTURE : WLC

Western Lithium USA Corporation

July 15, 2008 17:31 ET

Western Uranium Corporation and Western Lithium Canada Corporation Close Arrangement and Western Lithium Commences Trading

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2008) -

"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES"

Western Uranium Corporation (TSX VENTURE:WUC) ("WUC") and Western Lithium Canada Corporation (TSX VENTURE:WLC) ("Western Lithium") are pleased to announce that the common shares of Western Lithium will be listing and posted for trading on the TSX Venture Exchange at the start of business on Wednesday, July 16, 2008 under the symbol "WLC".

The listing and posting for trading of the Western Lithium shares is the final condition for the previously announced statutory plan of arrangement between WUC and Western Lithium (the "Arrangement"). Accordingly, as of the start of trading on July 16, 2008, the Arrangement will be officially closed. Pursuant to the Arrangement, WUC shareholders of record as of June 19, 2008 received one Western Lithium share for every three WUC share held. Certificates for shares of Western Lithium were issued and sent to registered holders on July 2, 2008. Most shares are registered to "CDS & Co", the Canadian depository for shares. CDS & Co has delivered the shares to the various brokerage houses for deposit to the accounts of the beneficial shareholders. Shareholders should check with their broker if their Western Lithium shares have not yet been deposited into their account.

This news release may contain certain forward-looking statements that reflect the current views and/or expectations of WUC or Western Lithium with respect to its respective performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary for a variety of reasons.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

On behalf of the Boards of Western Uranium Corporation & Western Lithium Canada Corporation

Pamela J. Klessig, President & CEO

Contact Information

  • Western Uranium Corporation and
    Western Lithium Canada Corporation
    Pamela Klessig, Chief Executive Officer
    (775) 827-3311