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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2010) - Further to UC Resources Ltd. (the "Company") (TSX VENTURE:UC) two news releases dated January 25, 2010, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed its private placement of 9,750,000 units, at a price of $0.08 per unit, to raise proceeds of $780,000.


The Company paid a finder's fee to Jason Shepherd in cash of $49,000 and finder's warrants exercisable to purchase 612,500 shares, at a price of $0.11 per share, for a period of one year from closing, expiring February 15, 2011.


All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units, and finder's warrants and any shares issued upon exercise of the finder's warrants are subject to a hold period and may not be traded in Canada until June 16, 2010, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.


On Behalf of the Board of Directors,


Jim Voisin, President and CEO


We seek safe harbour.