Global Uranium Fund Inc. Announces Warrants Offering

TORONTO, ONTARIO, May 27 (MARKET WIRE) --
Global Uranium Fund Inc. (TSX: GUR) is pleased to announce that it has
filed a preliminary prospectus relating to an offering of warrants to
equity shareholders of the Company. Each shareholder will receive one
warrant for each equity share held on the record date, which date will be
set upon filing of the final prospectus. One warrant will entitle the
holder to purchase an equity share upon payment of the exercise price,
which will be determined as the lesser of: (i) $3.46 (being the sum of
the most recently published NAV per equity share plus the per equity
share fees and expenses of the offering), and (ii) the most recently
published NAV per equity share prior to the date of filing the final
prospectus plus the per equity share fees and expenses of the offering.
The Company has applied to list the warrants and the equity shares
issuable on the exercise thereof on the TSX.

Successful completion of the warrants offering will provide the Company
with additional capital that can be used to take advantage of attractive
investment opportunities and it is also expected to increase the trading
liquidity of the equity shares and reduce the ongoing management expense
ratio of the Company.

For further information, please contact your financial advisor, call
Brompton's investor relations line at 416-642-9051 (toll-free at
1-866-642-6001) or visit our website at www.bromptongroup.com.

Commissions, trailing commissions, management fees and expenses all may
be associated with investment funds. Please read the Fund's publicly
filed documents which are available from SEDAR at www.sedar.com.
Investment funds are not guaranteed; their values change frequently and
past performance may not be repeated.

Contacts:
Brompton Funds Management Limited
David E. Roode
Senior Vice President
(416) 642-6008

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