UC Resources Ltd. Announces Closing of Non-Brokered Private Placement with MineralFields Group

At the closing the Company paid a finder's fee to Limited Market Dealer Inc. consisting of a cash commission equal to 6% of the proceeds raised and compensation options exercisable to purchase 800,000 units, at a price of $0.10 per unit, for a period of two years, each unit consisting of one common share and one-half of a non-transferable share purchase warrant, with each whole warrant exercisable to purchase an additional common share at a price of $0.20 for a period of two years following the closing.

All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units and any shares issued upon exercise of the compensation options and underlying warrants, are subject to a hold period and may not be traded in Canada until April 3, 2009, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

UC Resources Ltd. is an active explorer of base metals in the McFaulds Lake area of the James Bay Lowlands, Ontario, and an explorer and a very near term producer of precious metals in Mexico.

About MineralFields, Pathway and First Canadian Securities (R)

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities(R), a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

We seek safe harbour.

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
Vancouver Head Office

Toll Free: 1-800-366-8566 (Canada & USA)

Website: www.ucresources.net