Ucore Uranium Hires Chief Operating Officer
Date: April 10, 2007
Ucore Uranium Inc. (the “Company”) is pleased to announce that, subject to regulatory approval, it has appointed Mr. Jim Harris Chief Operating Officer of the Corporation effective April 9, 2007. In addition, Mr. Jim McKenzie was appointed the Chief Executive Office and will retain the President position. Mr. Daniel Whittaker will continue as the Chairman of the Board of Directors and Chief Financial Officer.
Mr. Harris brings extensive business operations experience from multiple industries gained in both consulting and delivery roles. Mr. Harris has focused on achieving operational excellence with major, asset intensive companies such as a Western-based Class I North American Railway, a Tier 1 Western-based Airline and a major Alberta Oil Sands mining and production company. Mr. Harris is a former Associate Partner in IBM Global Business Services and has for over fourteen years, worked with clients to develop and execute business strategies, define and deliver major projects and support attainment of operating objectives, working specifically in the areas of Field Operations, Manufacturing and Production, MRO, Supply Chain Management, Asset Management and Capital Project Planning and Delivery. He holds a Master of Business Administration Degree from Memorial University of Newfoundland.
The Corporation has granted an incentive stock option to Mr. Harris to purchase up to 250,000 shares of the Company at an exercise price of $1.25 per share, for a period of up to five years. The terms of the option provide for one-third of the option to vest on the first anniversary of the grant, a further third to vest on the second anniversary of the grant and the final third to vest on the third anniversary of the grant. The option is subject to regulatory approval.
For further information, please contact Mr. Jim McKenzie, President and Chief Executive Officer of Ucore Uranium Inc.:
Telephone: (902) 482-5214
Fax: (902) 492-0197
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. (Not for dissemination in the United States)