WUC Western Uranium Corp.

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.


Western Uranium Corporation (TSX VENTURE:WUC) ("the Company") announces that it
intends to undertake a normal course issuer bid (the "Bid") through the
facilities of the TSX Venture Exchange (the "Exchange") pursuant to Exchange
Policy 5.6.


The Bid, which is subject to Exchange approval, would consist of the acquisition
by the Company of up to 10% of the Public Float (as that term is defined in the
policies of the Exchange), being 5,652,763 common shares of the Company.
Purchases may commence three trading days following after the date the Exchange
receives the required notice and supporting documents in final form regarding
the Bid. Filing of these documents is expected to take place on February 25,
2009. In accordance with Exchange policies, the duration of the Bid will be no
more than one year from the commencement of the Bid. The Company has not at any
time purchased any of the securities that would be the subject of the Bid. The
common shares purchased under the Bid would be cancelled and returned to
treasury.


The Bid would be conducted on behalf of the Company by Haywood Securities Inc.,
of Suite 2000, 400 Burrard Street, Vancouver, British Columbia.


The Company intends to make the Bid due to the extreme volatility in the global
equity markets which has also been reflected in the recent trading in the
Company's common shares. The Company believes the current share price does not
accurately reflect the true value of the Company and the shares are trading at a
significant discount and does not reflect the strong working capital position of
the Company nor the value of its holdings in the Kings Valley property.
Currently there are approximately 59.2 million shares outstanding, nearly $51.0
million in the treasury, and the Company owns 15 million shares (30%) of Western
Lithium Canada Corporation (TSX VENTURE:WLC).


The Company strongly believes the current Kings Valley, Nevada property is of
such merit that with further exploration the uranium resource at Kings Valley
could be expanded, and the announced gold intercept of 12 grams of gold over 1.5
metres from 103.7 m to 105.2 m and 0.66 grams over 41 metres from 154.0m to
195.1m in ALB-04 warrants immediate follow-up (Press Release: October 29, 2008).
The geologic staff of WUC is well versed and experienced with Nevada geology,
alteration, structure, geochemistry, and geophysical responses often associated
with gold discoveries and believe this area hosts many of the same favorable
signatures found with gold deposits. This drill hole lies at the northern end of
the property where only minimal exploration has been conducted. In November 2008
the Company contracted a CSMT geophysical survey and is using the final
interpretation of the data along with geologic and geochemical data to lay out a
first pass drill program to follow-up on this discovery. It is the intent of the
company to begin drilling as soon as the weather permits which may be early
April.


This is a difficult period for most companies and the Company firmly believes it
has the financial strength, technical expertise, and management in place to take
advantage of other core opportunities that may arise. This alone coupled with
the favorable, untested gold target and the upside for adding additional pounds
of uranium to the known Kings Valley resource demonstrate the discount to which
the stock is trading and why the Company is currently considering the Bid.


About the Company

Western Uranium Corporation is a mineral exploration company with a focus on
uranium. The Company has exploration properties in Nevada, New Mexico and in the
Thelon Basin, Nunavut and the Northwest Territories. The Company has its head
office in Vancouver, Canada; its executive management team is based in Reno,
Nevada.


The contents of this press release were reviewed by Ms. Pamela Klessig for WUC.
Ms. Klessig has sufficient experience to review this release and is a Qualified
Person as defined by NI 43-101.


On behalf of the Board of Western Uranium Corporation

Pamela J. Klessig, President & CEO

Western Uranium Corporation is a mineral exploration company with a focus on
uranium. The company has exploration properties in Kings Valley, Nevada,
Treeline, New Mexico and in the Thelon Basin, Nunavut and the Northwest
Territories. The Company has its head office in Vancouver, Canada; and its
executive management team is based in Reno, Nevada.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless an
exemption from such registration is available.

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