White Canyon Uranium Limited

White Canyon Uranium Limited

February 11, 2011 12:39 ET

White Canyon Uranium Limited: Hong Kong Investor Converts US$2.5 Million Note to Stock

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2011) - White Canyon Uranium Limited (TSX VENTURE:WU)(ASX:WCU) ("White Canyon" or the "Company") reports that Ms. Lulu Yu elected to convert a US$2.5 million secured convertible note to White Canyon Uranium (ASX:WCU)(TSX VENTURE:WU) stock. The note was established on 16 July 2010, at a conversion rate of AUD10.75 cents per share and matured in January 2011. Once this conversion is processed, White Canyon Uranium Ltd will have approximately 231 million shares of common stock outstanding.

Mike Bynum, Chief Executive Officer of White Canyon stated "We are pleased that Ms. Yu continues to have confidence in the future of White Canyon Uranium as demonstrated by this increase in holdings".

About White Canyon

White Canyon Uranium (ASX:WCU)(TSX VENTURE:WU) is an advanced uranium exploration, recovery, and production company holding 100% interest in multiple mining projects in southeast Utah, through its subsidiary, White Canyon Uranium, North America, comprising of approximately 15,500 acres of mining claims and mineral leases.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that 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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