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Ucore Uranium Announces Management Appointment

(Vancouver, B.C.) Ucore Uranium Inc. (“Ucore”, TSX-V: UCU) is pleased to announce the appointment of Mr. Trevor Cunningham to the positions of Controller and Corporate Secretary subject to approval of the TSX Venture Exchange. Mr. Cunningham’s appointment became effective Mar. 15, 2008 and he is based in Ucore’s Vancouver offices. Mr. John Rogers, the former Controller and Corporate Secretary has taken a similar position with a company based closer to his home in Toronto.

Mr. Cunningham is a Certified Management Accountant with over 10 years experience in resource extraction industries. Prior to joining Ucore, he was Controller of Walker Bay Boats and most recently, Corporate Controller for Alexco Resource Corp. Trevor brings with him an extensive background as a senior financial manager in a public company environment. With an extensive knowledge of the industry and a strong management style, Trevor’s expertise serves the company in the development of current projects and prospective opportunities, as well as the fulfilment of corporate reporting requirements. Mr. Cunningham received his CMA designation in 2001. 

Mr. Daniel Whittaker will step down from the Board of Directors including his position as Chairman effective Mar. 31, 2008 to pursue other personal and professional interests. Mr. Jim McKenzie will assume the Chairman position on an interim basis.

“We are very excited to have Trevor move into the Controller role; his background and experience make him the ideal candidate to fill this position.” said Jim McKenzie, Ucore’s President. “At the same time, we would like to recognize the contributions Mr. Daniel Whittaker and Mr. John Rogers have made to Ucore and wish them continued success in their future endeavours.” 

The Company advises that an aggregate of 1,650,000 options have been granted to directors, officers, employees and consultants of Ucore, subject to the approval of the TSX Venture Exchange. The options are exercisable at a price of $0.47 per share and expire five years from Mar. 28, 2008, the date of grant.  Options will vest 25% on the first anniversary of the grant and in 25% increments every six months thereafter until fully vested. 

 

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward looking statements.  Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.