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Hole 1 at Bokan Returns 50 Metres Grading 0.47% U3O8

(Vancouver, B.C.) Ucore Uranium Inc. (TSX-V: UCU) is pleased to report the final assay results from the 2007 drilling program at its Bokan Mountain uranium project in southeastern Alaska.

A total of nine drill holes were completed, and assays of high grade core samples were delayed due to transportation, environmental, and health standards applicable to radioactive material.  Results of Hole 1 are now complete, as follows:

Hole ID From (m) To (m) Width (m) U3O8 (%)
LM07-01 1.83 52.07 50.24 0.47
including 5.72 8.40 2.68 1.24
and 25.76 42.24 16.48 0.83
including 33.10 37.00 3.90 2.43

  “Partial assay results for Hole 1 were released on November 1, 2007,” said Jim McKenzie, President & CEO. “ We are now pleased to report the final results from this hole. With these additional results, the mineralized intercept in Hole 1 has now been expanded from the previously reported 33 metres to the finalized total of 50 metres, with a gain of 17 metres in total mineralization. These results continue to confirm the high-grade nature of uranium mineralization at the I&L zone, in addition to proving its continuity to depth.   We are currently in preparation for an expanded drill program in 2008 to test many of the more than 30 known mineral prospects at Bokan, in addition to the identified high grade mineralization at I&L.”  

John McKenney, CPG, the Bokan Mountain project manager for Ucore’s wholly owned subsidiary Landmark Alaska Limited Partnership and a qualified person in accordance with NI 43-101, has reviewed this press release.

Background

Ucore Uranium Inc. is a junior exploration company focused on establishing uranium resources through exploration and property acquisition. With more than twenty active projects, Ucore’s primary focus is the Bokan Mountain uranium and rare earth element property in Alaska.  Ucore owns a 100% interest in 238 claims at Bokan Mountain, and has the option to purchase a 100% interest in an additional 92 claims.