Western Uranium Corporation is pleased to provide an update on corporate activities.

SPIN-OUT OF LITHIUM ASSET, KINGS VALLEY PROJECT, NEVADA

The spin-out of the lithium asset located at the Kings Valley Project, Nevada into an independent, publicly traded company, Western Lithium Corporation, is projected for completion in June of 2008. WUC will retain an approximate 30% interest in Western Lithium with each WUC shareholder receiving that number of shares of Western Lithium that is proportionate to their holding in WUC. Only WUC shareholders of record as of a record date, which will be set for mid June, will be allocated shares in Western Lithium.

Western Lithium is in the process of advancing the potential development of the project by undertaking confirmation and in-fill drilling, which will provide data for a NI 43-101 compliant resource calculation. The resource estimate will follow the release of the NI 43-101 report, as results from the last of the drilling will still be outstanding when the report is finalized. To date, 26 core holes and eight reverse circulation drill holes in approximately 6000 meters of drilling have been completed on the PCD lens. An additional eight core holes will be completed by the end of April. Western Lithium is focusing work on one of the five pods of mineralization, which hosts approximately 1.7 billion pounds of the total 25.0 billion pounds of lithium carbonate resource as defined by Chevron Resources. The PCD lens has been selected for the first phase of development due to its close proximity to existing infrastructure including power and a paved highway. The figures quoted above are historical estimates as defined by Chevron Resources and, as such, are not NI 43-101 compliant and should not be relied upon.

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