Uranium International Corp. Enters Into Formal Option Agreement With Geoforum Scandinavia AB for Mineral Leases on Four Uranium Properties in Sweden

Uranium International Corp. Enters Into Formal Option Agreement With Geoforum
Scandinavia AB for Mineral Leases on Four Uranium Properties in Sweden

DENVER, Nov. 12 /PRNewswire-FirstCall/ -- Uranium International Corp.
("Uranium International") (OTC Bulletin Board: URNI) has entered into a formal
Option Agreement with Geoforum Scandinavia AB, (the "Optionor") for exclusive
options to acquire a 100% interest in four mineral properties in Sweden,
subject to a 3% NSR royalty .

According to the terms of the Option Agreement, Uranium International will
acquire a lease option in the Laisback Property, the Sil ("Pustaberget")
Property, the Langtrask Property, and the Ravaberget Property (collectively
called the "Properties") located in the Kingdom of Sweden, including all
rights, licenses, and permits.

The properties are characterized by available data as having been drilled by
government agencies and found to contain uranium mineralization. Any such
mineralization has not yet been classified under National Instrument 43-101
guidelines. The management is aware of 92 drill holes completed on these
properties.

Under the terms of the Option Agreement, in order to exercise the Option,
Uranium International must:

(a) pay the Optionor $25,000 at the date of execution of the agreement,
and $25,000 per year until the Option is exercised;

(b) issue to the Optionor a total of 100,000 shares of Uranium
International; and

(c) incur exploration expense of USD $3.7 million

Sweden has been increasingly amenable to resource mining and provides a
positive outlook on its uranium mining industry . The country has endorsed the
fueling of its nuclear reactors and is encouraging the mining of its resources
at the highest levels of government. The management of Uranium International
is confident that the climate for resource development there will help to
expedite this uranium exploration project into a verifiable resource.

ABOUT URANIUM INTERNATIONAL CORP.
Uranium International Corp. is an international resource exploration company
whose focus is the acquisition and exploration of uranium properties.

For further information see: 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

SAFE HARBOR STATEMENT
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS
DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL,
ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS,
PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.

EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN
THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO
CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR
IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS,
INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH
WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR
STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE
COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH PROPERTY
DEVELOPMENT AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST
RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM 10-QSB AND FROM TIME-TO-TIME
IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS
INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE
COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF
SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO
ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY
WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS
ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO
OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS
WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS,
EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE,
THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS
WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION
SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE
COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY 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 NEWS RELEASE. THIS
NEWS 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, Investor Relations (Europe),
+41-43-888-6701, both of Uranium International Corp.