Nufcor Uranium Limited Reports Net Asset Value and Adjusted Net Asset Value at 30 June 2009

GUERNSEY, UK, Jul 10 (MARKET WIRE) --
Nufcor Uranium Limited ("NUL") reports its net asset value(1) and
adjusted net asset value(2) at 30 June 2009 was GBP 89,515,980
(US$148,481,946) or GBP 2.17 per share (US$3.60 per share). Its diluted
net asset value(3) and adjusted diluted net asset value at 30 June 2009
was GBP 2.16 per share (US$3.59 per share).

As at 30 June 2009, NUL's investment portfolio consisted as follows:

(in US dollars, except quantity
amounts) Quantity Cost Market Value
------------- ------------- -------------

Investments:
Physical Uranium Holdings - U3O8 1,725,000 lbs $ 81,274,300 $ 88,837,500
Physical Uranium Holdings - UF6 412,000 kg U $ 95,716,565 $ 57,474,000
------------- ------------- -------------
$ 176,990,865 $ 146,311,500
============= ============= =============

Average purchase/contracted cost
and market value per lb of U3O8 $ 47.12 $ 51.50

Average purchase/contracted cost
and market value per kg U of UF6 $ 232.32 $ 139.50

(1) Net asset value equals the total assets of the Company, less its
total liabilities (including accrued but unpaid fees) valued in
accordance with the Company's accounting policies, namely that
investments in U3O8 are valued at the average of (i) the month end UxC
U3O8 spot price indicator (as published by Ux Consulting Company, LLC in
its Ux Weekly publication) and (ii) the month end TradeTech U3O8 exchange
value (as published by TradeTech, LLC in the Nuclear Market Review),
("the Average U3O8 Published Price"), and that investments in UF6 are
valued at the average of (i) the month end UxC UF6 spot NA price and (ii)
the month end TradeTech UF6 value, ("the Average UF6 Published Price").

(2) Adjusted net asset value is equal to the net asset value adjusted to
include the fair value of forward Uranium purchase and sales contracts
entered into by the company with reference to the Average U3O8 Published
Price and the Average UF6 Published Price.

(3) The Company has issued an option over 2,475,000 shares exercisable at
any time (or times) during the period commencing on 21 July 2008 and
ending on 21 July 2011. The exercise price of the option is fixed at GBP
2.05 per share. For the purpose of calculating diluted net asset value it
has been assumed that the option was exercised at the date of the
valuation. Diluted NAV and diluted NAV per share are applicable only when
the NAV per share is greater than the exercise price of the respective
outstanding share options.

(4) All sterling amounts are translated at 30 June 2009 exchange rate of
US$ 1.65872.

About Nufcor Uranium Limited

Nufcor Uranium Limited is an investment company created to invest
substantially all of its assets in natural Uranium with the primary
investment objective of achieving capital appreciation in the value of its
Uranium holdings. Additional information about Nufcor Uranium Limited is
available on SEDAR at www.sedar.com and on the company's website at
www.nufcoruranium.com.

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR
INTO THE UNITED STATES, JAPAN OR AUSTRALIA

For further information, please contact:
Smithfield
Rupert Trefgarne
+44 207 360 4900

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