Uranium International Corp. Receives a NI 43-101 Mineral Resource Calculation for...

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Wed Aug 27, 2008 9:15am EDT

Uranium International Corp. Receives a NI 43-101 Mineral Resource Calculation
for Its Nose Rock, New Mexico Property

ALBUQUERQUE, N.M., Aug. 27 /PRNewswire-FirstCall/ -- The Board of
Directors of Uranium International Corp. ("Uranium International")
(OTC Bulletin Board: URNI) has received from M. Hassan Alief, M.Sc., CPG, of
Alinco GeoServices Inc., a Canadian securities legislation compliant National
Instrument 43-101 technical report outlining the uranium mineral resource
estimate for its Nose Rock Uranium Property (the "UIC Technical Report").
    The Nose Rock Uranium Property, McKinley County New Mexico, totals
approximately 5,060 acres and consists of 102 lode mining claims and six State
of New Mexico mineral Leases. The property is located on the northern edge of
the Grants Mineral Belt of northwestern New Mexico and consists of the
following: Section 16, Township 19, Range 11 West (T19, R11W), Section 36,
T19N, R12W, and sections 1, 2, 11, 14, 16, 32 and 36.  T18N, R12W, New Mexico
23rd Meridian. This property is optioned to Uranium International Corporation,
formerly known as Nu-Mex Corp., where UIC has the right to earn up to 65%
interest.
    The UIC Technical Report states that the host of known mineralization,
uraninite and coffinite, is sandstone deposits within the Westwater Canyon
Member of the Upper Jurassic Morrison Formation. The Westwater Canyon consists
of fluvial (continental) sedimentary sequence deposited during a period of wet
subtropical climate as the San Juan Basin subsided and filled with synorogenic
deposits during the Laramide Orogeny. The major source of the sands was from
the uplifted highlands to the south and southwest. Sediments were laid down by
coalescing alluvial fans. The Westwater deposits dip gently to the
north-northeast.
    The Nose Rock Uranium Property was extensively explored by drilling over
1,000 holes by Phillips Uranium, a subsidiary of Phillips Petroleum, during
the 1970s and was being brought to underground mining production in the late
1970s and 1980s. The plans were scrubbed due to collapse of uranium prices.
    For the portion of the property, Section One, wherein Mr. Alief generated
new mineral resource estimates for the UIC Technical Report, at least 185
boreholes were previously completed by Phillips Uranium in the 70's. That
drilling occurred on mostly 100-200 foot centers along the main trends of
mineralization, with exterior drilling having occurred at mostly 400 foot
centers. In Section One, significant mineralization was encountered at depths
of 2,940 to 3,050 feet deepening to the northeast across the greater Property
area.
    Using Phillips Petroleum data provided to Mr. Alief by Strathmore Minerals
(US) Ltd., Mr. Alief produced a new mineral resource estimate for Section One,
only. Mr. Alief used a polygon method with a radius of influence for each
mineralized hole being 75 feet for the measured mineral resource, a radius of
100 feet for the indicated mineral resource and 200 feet for the inferred
mineralization, or half the distance between the adjacent holes, whichever is
less. A factor of 15 cubic feet per ton was used to determine the tons of
mineralized rock. The resources were estimated at a cut-off grade of 0.05%
eU3O8 and grade times thickness (GT) of 0.30.
    Based on the above parameters Mr. Alief estimated a combined indicated and
measured mineral resource of 1,286,231.40 tons of mineralized material
containing 3,001,162.12 lbs of eU3O8 at an average grade of 0.12% eU3O8,
consisting of a measured resource estimate of 797,726.06 tons of mineralized
material containing 1,869,971.97 lbs of eU3O8 and an indicated mineral
resource estimate of 488,505.34 tons of mineralized material containing
1,131,190.15 lbs of eU3O8. In addition to the above measured and indicated
mineral resource estimates, Mr. Alief reported an inferred mineral resource
estimate of 800,638.15 tons of mineralized material at a grade of 0.12% eU3O8,
containing a total of 1,624,709.48 lbs eU3O8.
    Qualified Person
M. Hassan Alief, M.Sc., CPG, of Alinco GeoServices Inc., the author of the
UIC Technical Report, is an independent Qualified Person under National
Instrument 43-101, and has reviewed and approved the technical disclosure in
and this news release.
    ABOUT URANIUM INTERNATIONAL CORP:
    Uranium International Corp. is an international resource exploration
company with a foundational asset in New Mexico, USA. The Company is focused
on the acquisition of properties with potential uranium targets.
    For further information see:  http://www.uraniuminternational.com

    Symbol:  OTCBB - URNI; Frankfurt AN4, WKN NO. A0MUN4.

     Contact:  Investor Relations (USA)
               Tel. Toll-free 1-866-590-6589

               Investor Relations (Europe)
               Tel. +41-43-888-6701

    TECHNICAL DISCLOSURE -- DIFFERING CANADIAN AND US SECURITIES LEGISLATION
    The technical disclosure in this news release has been prepared in
accordance with National Instrument 43-101 commonly referred to as "NI 43-101"
which is an instrument issued pursuant to Canadian securities legislation and
governing technical disclosure on mineral properties.  NI 43-101 provides for
amongst other things, disclosure of mineral resources and mineral reserves
which have been estimated in accordance with the definition standards on
mineral resources and mineral reserves of the Canadian Institute of Mining,
Metallurgy and Petroleum referred to in NI 43-101.  As a company who is
providing information to shareholders in Canada, we are providing disclosure
in accordance with NI 43-101.  U.S. reporting requirements for disclosure of
mineral properties are governed by the SEC Industry Guide 7.  NI 43-101 and
SEC Industry Guide 7 standards are substantially different.  The terms
"mineral resource," "inferred mineral resource," "indicated mineral resource,"
"measured mineral resource," "mineral reserve," "probable mineral reserve,"
"proven mineral reserve," "preliminary assessment," "preliminary feasibility
study" and "feasibility study" are Canadian mining terms as defined in
accordance with NI 43-101.  These definitions differ from the definitions in
SEC Industry Guide 7.  For example, under SEC Industry Guide 7 standards,
there is no provision for disclosure of mineral resources, whether they be
measured mineral resources, indicated mineral resources or inferred mineral
resources.
    SAFE HARBOR STATEMENTS:
    This press release contains "forward-looking information" that is based on
the parties' current expectations, estimates, forecasts and projections. The
words "may," "would," "could," "should," "will," "likely," "expect,"
"anticipate," "intend," "estimate," "plan," "forecast," "project" and
"believe" or other similar words and phrases are intended to identify
forward-looking information.  Forward-looking information is subject to known
and unknown risks, uncertainties and other factors that may cause the parties'
actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such forward-looking
information.  Such factors include, but are not limited to: completion of the
arrangement, economic performance of the combined company, and future plans
and objectives of Nu-Mex/Uranium International, including future exploration
and development.  This list is not exhaustive of the factors that may affect
our forward-looking information.  These and other factors should be considered
carefully and readers should not place undue reliance on such forward-looking
information.  Nu-Mex/Uranium International disclaim any intention or
obligation to update or revise forward-looking information, whether as a
result of new information, future events or otherwise.
    This press release has been prepared by management of the parties who
takes full responsibility for its contents. Each of the NASD, the SEC and the
OTCBB neither approves nor disapproves of the contents of this press release.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction.
SOURCE  Uranium International Corp.

Investor Relations (USA), 1-866-590-6589, or Investor Relations (Europe),
+41-43-888-6701, both of Uranium International Corp.
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