WUC Western Uranium Corp.

Western Uranium Corporation (TSX VENTURE:WUC) ("the Company") announces that it
has entered into an agreement with the HB Syndicate to acquire 7 cateos covering
approximately 14,000 hectares located in the La Rioja Province of Argentina that
demonstrate strong potential for hosting uranium mineralization. In addition,
the agreement extends to any other uranium properties identified by the HB
Syndicate within Argentina over the next two years that, with Western's
agreement, merit acquisition.


Two of the principals of the syndicate include Neil Hillhouse and Merwin
Bernstein, both of whom have a combined experience in the mineral exploration
business of over 100 years in the field, in management and in executive roles in
international mining exploration. Another member of the syndicate includes a
former employee of the National Atomic Energy Commission (C.N.E.A.) of
Argentina, Dr. Andres Lencinas, who was the Chief of North Exploration District
of C.N.E.A. and has been active in the exploration and mining industry over the
past 50 years.


The HB syndicate has identified a number of areas in Argentina that are similar
geologically to the producing basins in the western U.S. that have been mined
and have produced hundreds of millions of pounds of uranium. However, these
areas have not been subjected to the intense level of exploration or mining by
the private sector as in the U.S. In addition to the geologic favorability of
the area, the provincial government of La Rioja recently rescinded negative
mining regulations and the infrastructure and access are good compared to other
prospective areas in Argentina. The Company believes this represents a sound
business opportunity to continue uranium exploration with a minimal outlay of
expenditures which will position Western Uranium well when the uranium sector
revives.


The terms of this acquisition are: payment of USD100,000, 500,000 units of WUC
(a unit considering of one common share and one-half warrant) and a 2% NSR,
which with respect to the property WUC will have the option to purchase any or
all of the NSR at a price of USD1,000,000 per percentage interest.


About the Company

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


On behalf of the Board of Western Uranium Corporation

Pamela J. Klessig, President & CEO

Western Uranium Corp. (TSXV:WUC)
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