Utah Uranium Corp. (the “Company”) is pleased to announce the acquisition of a 100% interest in approximately 112 mineral claims, consisting of 2,075 acres in the San Rafael Mining District, Utah, herein known as the “Family Butte” property (the “Property”). The Property is located in the San Rafael Swell area of East Central Utah.

The Property hosts numerous production portals from previous mining activities. Activities primarily occurred in the 1950s when Union Carbide performed extensive exploration aimed at providing additional feedstock to augment their Temple Mountain Mine production for their processing mill located in nearby Green River. Work included driving of numerous portals, and in excess of 80 drill holes (visually estimated) on the Butte top located behind these portals. Activities ceased on the closure of the milling facilities in Green River. More recently, exploration in the 1970s included drilling a parallel Butte top, also within the Family Butte Property, with numerous additional holes (estimated to be 80 - 100 drill holes).

The San Raphael Swell area was explored for uranium and vanadium from the mid-1950s until the early 1980s, when commodity prices caused the closure of many mining and exploration activities. Deposits in the area are typically found in meandering formations of historic channels in the Shinerup formation. In a recent Company inspection of the property, it was noted at numerous locations the presence of layered formations of fine grained sands in various thicknesses (prime host for uranium deposits) in addition to numerous samples of carbon “trash” material, copper and iron pyrite, all Uranium hosts and or indicators. Past production from this formation includes the million plus pounds produced from the Happy Jack, the Marquee and Atlas Minerals first mine, located 10 miles south of the Family Butte property.

Consideration for the acquisition of the Property consists of the payment in stages of a total of $418,000 and the issuance in stages of a total of 500,000 common shares of the Company of which 250,000 have been issued. The property vendors will also retain a net proceeds royalty, of 2% upon commencement of commercial production on the Property.

Utah Uranium Corporation is a Moab, Utah based junior exploration and development company focused on the acquisition of past producing uranium mines that can be brought back into production in the near term with low capital expenditure. All of the mines currently in the acquisition pipeline are within economic haul distances of the White Mesa Mill in Blanding, Utah owned by Dennison Mines. The white Mesa Uranium Mill is currently the only operating Uranium mill in the United States.

On behalf of the Board,
Peter Dickie, President

Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Contact:

Utah Uranium Corp.
info@utah-uranium.com
http://www.utah-uranium.com

Source: Utah Uranium Corp.

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