Western Uranium Corporation

Western Uranium Corporation

April 06, 2010 08:30 ET

Western Uranium Provides Baza Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2010) - Western Uranium Corporation (TSX VENTURE:WUC) ("Western" or "the Company") is pleased to provide an update on the Baza gold-copper project located in southeastern Spain midway between Granada and Almeria. Drilling of approximately 3000 meters of core is scheduled to commence mid-April and will provide a first pass drill test of two areas: Cerro del Gallo and El Valenciano. This project represents a large regional exploration play covering an area 25 kilometers in strike by 10 kilometers in width. Extensive anomalous gold and copper is found at surface in shears and veins exposed in historical small scale iron mines. Anomalous mineralization is also found in outcrops throughout the project in areas where no evidence of past small scale mining is present. Despite having numerous widespread surface indications of anomalous copper and gold mineralization, the area has never been explored using modern exploration techniques. Since entering into the earn-in agreement with AuEx Ventures Ltd. in October 2009, Western has focused exploration on identifying mineralizing controls on what is an enigmatic geologic setting. Various workers have suggested the area exhibits features found associated with iron-oxide-copper-gold (IOCG) systems, yet other workers suggests the style of mineralization is related to an epithermal system.

To date, 133 rock and channel samples have been collected over the area at the Cerro del Gallo target. Forty-four samples have returned values greater than 1 g/t gold with a high of 19 g/t and 51 have returned over 0.5 g/t gold. Of the 133 samples, 87 returned values greater than 1000 ppm copper and 47 yielded values greater than 5000 ppm copper. At El Valenciano values for 39 rock and trench samples have been received from this area. Of these samples 17 have returned values greater than 0.1 g/t gold with eight samples returning greater than 0.5 g/t gold. Copper is strongly anomalous in this location and 20, or over 50% of the samples have returned values greater than 5000 ppm, with 12 samples returning over 1.0% copper values.

At Cerro del Gallo (CdG) detailed mapping and sampling along with ground magnetic and gradient array IP geophysical surveys have been conducted to assist in identifying mineralizing controls and selecting drill targets. These geophysical surveys have successfully highlighted the strike length of known mineralized structures at CdG and identified two strong magnetic susceptibility responses two kilometers to the north of known mineralization Initial interpretation by a contract geophysicist of the gradient array survey suggests sulfide mineralization may be present in the surrounding host rocks (schists, quartzites, and siltstones). The IP response values are above normal values returned for these rocks and may be attributable to sulfides in concentrations up to 5%. The samples and ground geophysical surveys are from an area a nine square kilometer area which represents only one target in the overall 250 square kilometers covered by the project. Five to six core holes are planned as a first pass test at Cerro del Gallo with drilling tentatively scheduled to begin April 12th. Following drilling at CdG the equipment will be moved to El Valenciano for drill testing.

El Valenciano is located approximately 2 km to the southwest of Cerro del Gallo. Due to time constraints only mapping and sampling have been undertaken at El Valenciano but the area will be covered by the airborne DIGHEM EM geophysical survey scheduled for May that will cover the entire 250 square kilometers of the project. Mineralizing controls at El Valenciano appear to be similar but in addition to the high angle structures, recent trenching uncovered a mineralized, low angle structure that is at least 2 meters thick. Due to the silicification of what may have been a limestone bed, the backhoe was unable to cut deeper and determine the total thickness of the altered structure. Samples have been taken from this trench and submitted for analyses. The significance of a mineralized low angle structure is the suggestion that stratabound gold and copper mineralization may also present another type of target. Work to date has identified mineralization over an area 1km x 1km that with additional work will likely expand. A five to six core hole drill test will commence following the completion of the last drill hole at Cerro del Gallo.

The two areas selected for drilling represent a small portion of the overall project area and additional geologic mapping and sampling has continued to identify numerous additional localities within the project boundary that also warrant drill testing in future phases of the program. Mapping and sampling 6 kilometers south-east of the initial drill areas has recently identified an intermediate-felsic dyke that demonstrates clear evidence of its association with silicification and copper-arsenic mineralization. The silicification included thin, open-space fillings of chalcedonic silica containing copper, iron and arsenic sulfide specks. The specks of copper and arsenic sulfides are found in both the altered dyke and in the chalcedonic veins. These veins are similar in appearance to material found in the throat of epithermal related systems. Samples from this dyke have been taken and submitted for geochemical analyses; most results are pending but one expedited sample yielded 0.97 g/t gold and 0.362% copper.

The extent and persistence of alteration, mineralization and the fact that this project has not been drill tested continues to confirm the Company's decision to enter into this agreement with AuEx Ventures Ltd. to expand into gold and copper exploration. These opportunities are infrequent in this day and age and it is rare to find a project of this merit in a country that has been explored by a number of major companies throughout the years that has not been subjected to modern exploration techniques.

Review by Qualified Person

The technical content of this news release has been reviewed and approved by Mr. Douglas Bowden. Mr. Bowden is a Registered Geologist in the State of Utah and a qualified person as defined by National Instrument 43-101.

About the Company

Western Uranium Corporation is a mineral exploration company. The Company has exploration properties in Nevada, New Mexico and in the Thelon Basin, Nunavut for uranium and has entered into an earn-in agreement with AuEx Ventures for the Baza gold-copper project in Spain. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada. The Company also has a 24% interest in Western Lithium Canada Corporation (WLC). WLC was a spinout from WUC and began trading on the TSX Venture exchange July 2008.

On behalf of the Board of Western Uranium Corporation

Pamela J. Klessig, President & CEO

The TSX Venture Exchange has neither approved nor 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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