jeudi 12 février 2009

Drilling Begins at Isakanan




jeudi 12 février 2009

TORONTO, ONTARIO - Global Uranium Corp., ("Global" or the "Company") a private Ontario corporation, is pleased to report that it has begun a first phase drill program on its Adrar Emoles 4 concession in Niger.

This concession hosts a uranium deposit outlined by previous Japanese drilling and currently hosts an inferred uranium resource of approximately 28 million pounds at an average grade of 2.3 pounds / tonne. It is Global’s intention to confirm the previous drill results and to continue to expand the size of the resource which currently remains open in all directions.

A previously completed NI 43-101 report discussed at the shareholders meeting held in November, 2008, reported total resources in all categories of 33.7 million pounds located both at the company’s Tin Negouran concessions, where all of the drilling has been done to-date, as well as the two Adrar Emoles concessions.

The Adrar Emoles concessions are located in the same vicinity as Areva’s flagship Imouraren deposit, which is currently being developed into the largest uranium mine in Niger. Imouraren hosts a reported 320 million pounds at a similar grade as Global’s Isakanan deposit. Isakanan mineralization occurs in the Madouela formation.

Qualified Person

The drilling program was completed under the supervision of Mr. George Flach, P.Geo., qualified person within the meaning of National Instrument 43-101. Mr. Flach has reviewed the contents of this release.

About Global Uranium Corp.

Global Uranium is a private Ontario corporation founded in January, 2005 by executives with extensive experience in the mining and marketing of uranium. The Company has exploration agreements covering six uranium concessions in the Republic of Niger, covering an area of approximately 3,000 km2, as well as owning a database consisting of numerous uranium exploration targets around the world collected over a 30 year period by a major Canadian uranium producer.

The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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