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Announces Completion of Private Placement

posted on Apr 02, 2009 08:30AM
April 2, 2009
Ucore Uranium Inc. Announces Completion of Private Placement
HALIFAX, NOVA SCOTIA--(Marketwire - April 2, 2009) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Ucore Uranium Inc. (TSX VENTURE:UCU), ("Ucore" or the "Corporation") is pleased to announce that, subject to final approval of the TSX Venture Exchange, it has closed its previously announced non-brokered private placement, consisting of 5,000,000 units at a price of $0.06 per unit. Each unit consists of one common share and one whole warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.10 per share for a period of twenty-four months from the closing of the offering. Both the shares and the warrants are subject to a four-month hold period.

The Corporation also wishes to advise that Insiders, as defined by the Exchange, participated for greater than 25% of the private placement.

The proceeds from the private placement will be used for working capital and to fund the exploration and development of Ucore's Bokan Mountain property.

Signed "Jim McKenzie"

Jim McKenzie, President
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