Uranium Bay 2009 Annual General Meeting

MONTREAL, QUEBEC, Jun 29 (MARKET WIRE) --
Uranium Bay Resources Inc. (TSX VENTURE: UBR) is pleased to inform its
shareholders of what was decided during the Annual General and Special
Meeting of Shareholders held, in Montreal, on June 18, 2009.

The first order of business was the election of the following seven (7)
persons directors of the Corporation: Ali Abbas Al Hazeem, Noelle
Drapeau, Patrick Gagne, Patrick Levasseur, Robert Robitaille, Bernard J.
Tourillon and Viv Stuart-Williams.

The second order of business was the appointment of Raymond Chabot Grant
Thornton, Chartered Accountants, as auditors of the Corporation for the
current financial year.

The third order of business was the adoption of a special resolution
authorizing the Corporation to change its name to Uragold Bay Resources
Inc. / Ressources de la Baie d'Uragold Inc. The resolution was adopted by
a majority of 97.42% (420,697 against).

Therefore, in accordance with the special resolution adopted by
shareholders, the Corporation intends to change its name to Uragold Bay
Resources Inc. / Ressources de la Baie d'Uragold Inc.

This name is already reserved with Corporations Canada and the
Corporation does not intend to change its trading symbol UBR. This change
is subject to the approval of the TSX Venture Exchange.

The fourth and final order of business was the adoption of a resolution
authorizing a control person to hold up to 30% of all issued and
outstanding shares of the Corporation.

Following the meeting, the newly elected directors of the Corporation
appointed on June 18, 2009;

- The following persons to be officers of the Corporation: Bernard J.
Tourillon, Chairman of the Board, CEO and acting CFO in replacement of
Guy Girard and Noelle Drapeau Corporate Secretary in replacement of
Marcel Drapeau;

- The following Independent Directors to be members of the Audit and
Remuneration Committee of the Corporation for the ensuing year or until
their successors are appointed. Robert Robitaille, Patrick Gagne and Ali
Abbas Al-Hazeem, and that Patrick Gagne will act as Chairman of the
committee; and,

- The following Directors to be the members of the Technical Committee of
the Corporation for the ensuing year or until their successors are
appointed. Viv Stuart-Williams, Patrick Levasseur and Bernard J.
Tourillon, and that Bernard J Tourillon will act as Chairman of the
committee;.

About Uranium Bay Resources Inc.

Uranium Bay Resources Inc. is a Canadian based junior resource and
exploration company trading under the symbol UBR on the TSX Venture
Exchange. The Company has 82,374,367 shares outstanding. The Company
holds 100% of the 314 km2 Uskawanis Uranium property located just south
of the Opinaca reservoir.

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. This press release contains certain
"forward-looking statements," as identified in the Uranium Bay periodic
fillings with Canadian Securities Regulators that involve a number of
risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.

Contacts:
Uranium Bay Resources Inc.
Bernard J. Tourillon, President and CEO
Patrick Levasseur, Director
514-846-3271
Toll-free: 1-888-666-3431

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