McFaulds Project Update

In May 2009 Geotech Ltd. of Aurora, Ontario was commissioned to conduct a ZTEM airborne survey (deep penetrating electromagnetic (EM) and magnetic (Mag) survey) over a very highly magnetic Bull's-eye target that is located approximately 12 kilometres southwest of Noront Resources Ltd. Eagle One discovery and over the confirmed VMS targets of McFaulds No. 5 and No. 6 occurrences which are located a few kilometres south of McFaulds No. 1 and No. 3 VMS deposits (refer to May 26, 2009 news release for more details).

Preliminary results have been received that indicate the presence of an EM conductor within the highly magnetic area of the Bull's-eye occurrence and a large EM response in the area of McFaulds No. 5 and No. 6. Data is presently being refined and an inversion has been requested on both of these anomalies.

Once final data has been received and the inversion completed, Scott Hogg and Associates will be recommending drill locations on both of these very high priority targets. These targets are in addition to those being reviewed from the Mar 2009 ground gravity survey on the western side of McFaulds East block.

UC Resources has an option to earn up to 55% interest in the approximate 31,000 hectares of the McFauld's East, West and North blocks currently held by Spider Resources Inc. and KWG Resources Inc. At present the company is about $100,000 away from completing a 40% interest.

The company continues in discussion with IBK Capital Corp. to complete the previously announced best-efforts financing with the proceeds used to finance an expanded exploration program on UC's growing high priority McFaulds Lake targets and general working capital.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.