HALIFAX, NOVA
SCOTIA--(Marketwire - Feb. 3, 2010) -
NOT FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Ucore Uranium Inc. (TSX
VENTURE:UCU), ("Ucore" or the "Company") is pleased to announce the appointment
of Mr. Nick Vermeulen, MSc. Geo., MBA to the role of Vice President of
Corporate Development. Mr. Vermeulen is a successful businessman and
entrepreneur, with over 20 years of business experience. Mr. Vermeulen holds a
Master of Science degree in Structural Geology with a minor in Business
Administration from University of Utrecht, Netherlands. Mr. Vermeulen's unique
combination of geological background combined with his business experience
allows him to effectively bridge the technical-business aspects of the
exploration business.
Commensurate with his
appointment, Mr. Vermeulen will be granted 200,000 stock options, subject to
the approval of the TSX Venture Exchange. The options are exercisable at a
price of $0.38 per share and will expire five years from February 2, 2010, the
date of the grant. One third of the options will vest after 6 months and an
additional third of the options will vest every six months thereafter.
"I am delighted to announce the
appointment of Nick Vermeulen to reinforce the Company's profile in the
investment community and enhance the visibility of our project portfolio,"
noted Jim McKenzie, President and CEO of Ucore Uranium Inc. "I look forward to
working with Nick as part of our management team at Ucore."
About Ucore Uranium Inc.
Ucore Uranium Inc. is a junior
exploration company focused on establishing REE and uranium resources through
exploration and property acquisition. With multiple projects, Ucore's primary
focus is the Rare Earth One operated Bokan – Dotson Ridge rare earth element and
uranium project. The project is located on the southern part of Prince of Wales
Island in southeastern Alaska, with excellent deep water access and proximity
to major sea and rail shipping routes across North America and to Asia.
Jim McKenzie, President
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 Company
expects, are forward looking statements. Although the Company 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.