Western Uranium Corporation Announces Drill Results from Kings Valley

Western Uranium Corporation (“WUC”) is pleased to announce the following drill hole results for the Kings Valley Uranium Project, Nevada.  This drill program was designed to follow-up and expand on results returned from KV-19 drilled in 2006 (Moonlight Mine Area) which intercepted 27.4 meters @ 0.180% U3O8, 10.7 meters @ 1.26 g/t gold, 13.7 meters @ 38.7 g/t silver and 19.8 meters @ 0.021% Molybdenum (results previously announced in October 2006).  Seven additional reverse circulation drill holes, KV-21 through KV-27, have been completed in this area. Highlights from this program include KV-22 which intercepted 21.3 meters of 0.253% U3O8 and KV-23 with 36.6 meters of 0.036% U3O8.  In addition KV-25 contained 2 intervals with strongly elevated gold values including 6.1 meters of 0.51 g/t gold and 32 meters of 0.51 g/t gold.  Metal and trace element geochemical signatures indicate two distinct mineralizing events, one, epithermal gold and the other a hypogene uranium event.

As of July 12, 2007, WEDC has completed 16 reverse circulation holes, totaling 2306 meters.  Seven holes were drilled in the Moonlight Mine area KV-21 through KV-27; six holes have been completed in the South Zone, KV-28 through KV-33, and three holes, KV-34- through KV-36 in the North Zone.  Drill samples have been submitted to American Assay Laboratories in Sparks, Nevada.  WEDC has received analytical results for drill holes KV–21 through KV–29.  Assay results for KV-30 through KV–36 are pending.   Drilling is on-going and will continue throughout the remainder of 2007.  Initial results from the drilling are listed below.

Kings Valley Uranium Project
2007 Initial Drill Results

The Kings Valley Project encompasses over 80,000 acres in north-central Nevada.  During the late 70’s and early 80’s Chevron Minerals discovered significant uranium mineralization in three discreet areas which lie along the western margin of the McDermitt Caldera, the North Zone, South Zone, and the Moonlight Mine Area.  The South Zone is approximately 1.6 kilometers north of the Moonlight Mine area.  The North Zone lies an additional 3.0 kilometers north of the South Zone.

The Moonlight Mine

2007 drilling at the Moonlight Mine is targeted at in-filling the pre-existing drill patterns started by Anaconda, expanding the strike length of known uranium mineralization, and delineating the structural setting of the Moonlight Mine area. 

Drill holes KV–21 through KV–27 were drilled 100 to 300 meters north of the Moonlight Mine workings.  The drill holes are located on approximately 50 meter centers except KV–22 and KV–23 which are 20 meter offsets to KV–19.  KV–22, 23, 24, 25 and KV–27 were drilled to confirm geometry and grade of uranium mineralization found during previous drilling efforts.  KV-21 and KV-26 were drilled to identify the position and orientation of suspected fault zones.  KV-24 was terminated before reaching the projected target zone due to bad ground and will be re-drilled later in the season

KV-25 contains 6.1 meters @ 0.51 g/t Au and 32 meters @ 0.51 g/t Au.  The occurrence of uranium and gold in the same intervals, in multiple drill holes, strongly suggests a two fluid system and possibly two discrete mineralizing episodes.

The South Zone

KV–28 is an in fill drill hole located in the South Zone drill area.  It is unusual in that it contains twenty, 1.5 meter intervals with gold values between 0.10 and 0.50 g/t.  Strongly elevated levels of Barium, Mercury, Silver, Arsenic, Molybdenum, and Uranium are also associated with the gold zones.

KV–29 intersected a 10 meter zone from 131.0 meters to 134.1 meters with 0.015% U3O8.

Drill holes KV–30 through KV–33, are also located in the South Zone.  These holes have been completed.  Samples have been delivered to AAL offices and have been submitted for analysis.  Results are pending.

The North Zone

Drill holes KV–34 through KV–36, are located in the North Zone. These holes have been completed. Samples have been delivered to AAL offices and have been submitted for analysis.  Results are pending.

WUC recognizes that many of the mineralized structures and host rock units are moderately to steeply dipping.  Due to the topography in the project area, most of drilling was vertical.  Therefore the true thickness is less than the intercept thickness.  However, due to the widely spaced drill pattern and the abrupt changes in attitudes of structures and host rocks additional drilling will be necessary to accurately define true thicknesses.

Geologic Discussion

Exploration and drilling results indicate that the mineral and alteration assemblage found at the Moonlight Mine consists of at least two mineralizing events, one event appears to include deposition of gold, silver, arsenic, antimony copper, lead and zinc and the other system appears to control deposition of uranium, molybdenum, silver, and mercury. Geologic and structural mapping along the western escarpment of the caldera has defined a 5 kilometer long, north to northeast trending structural corridor extending from the Moonlight Mine in the south past the North Zone.  The structural corridor is characterized by a complex zone of east dipping caldera related normal faults and west dipping normal faults associated with Basin and Range normal faulting.  Rocks in the structural corridor have been intruded by late stage andesite to rhyolite dikes and domes.  Uranium mineralization occurs along the brecciated margins of the intrusives and in other structurally controlled zones of low pressure (dilation & open space breccias).  Minor uranium mineralization is also found along lithologic breaks, in fault zones, and at depositional contacts.  Recognition of the structural corridor and multiple episodes of intrusive activity along the corridor is critical as it indicates a much more dynamic

mineralizing event occurred in the area than originally interpreted by Chevron Minerals.  This type of mineralizing environment typically produces larger and better mineralized deposits than weaker, less dynamic systems.  WUC geological staff believes that further geologic work will assist in better determining mineralizing controls and depositional environment and could lend to an expansion of areas in which to focus additional exploration drilling.

About the Company

Western Uranium Corporation is a mineral exploration company with a focus on uranium. The Company has exploration properties in Kings Valley, Nevada, Treeline, New Mexico and in the Thelon Basin, Nunavut and the Northwest Territories. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada.

The contents of this press release were reviewed by Victor Calloway, Chief Geologist who has sufficient experience to review this release and is a Qualified Person as defined by NI 43-101.

On behalf of the Board of
Western Uranium Corporation

“Pamela Klessig”

Pamela J. Klessig
President & CEO

For further information contact:
Western Uranium Corporation
Telephone: 775-827-3311
Email: info@westernuranium.com
Website: www.westernuraniumcorp.com

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