Western Uranium Corporation

Western Uranium Corporation

July 15, 2008 19:15 ET

Western Uranium Files Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2008) - Western Uranium Corporation ("the "Company") (TSX VENTURE:WUC) announces that it has acquired 15,209,393 common shares of Western Lithium Canada Corporation("Western Lithium") pursuant to the previously announced statutory plan of arrangement (the "Arrangement"). Under the Arrangement, the Company spun out a portion of its interest in Western Lithium, its wholly owned subsidiary, to the shareholders of the Company.

As a result of the Arrangement, the Company holds, as of the date hereof, an aggregate of 15,209,393 common shares which represent approximately 29.7% of the issued and outstanding shares of Western Uranium. All of the conditions of the Arrangement will be finalized as of July 16, 2008 when the shares of Western Lithium are posted and traded on the TSX Venture Exchange.

For further information regarding the Arrangement and the spin out, please refer to the Company's information circular which is available on SEDAR.

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.

Western Lithium Corporation is a mineral exploration and development company with a focus on lithium. The company has an exploration property in Kings Valley, Nevada through a lease option agreement with a wholly owned subsidiary of Western Uranium Corporation.

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.

Contact Information