Uranium North Discovers Significant Graphite on Amer Property and Stakes New Ground

Uranium North Resource Corp. ("Uranium North" or the "Company") (TSX
VENTURE:UNR) announces that it has identified significant amounts of graphite on
its 100% owned Amer Lake Property in Nunavut. Multiple graphite bearing beds
ranging from 15 to 25 metres thick have yielded up to 4.13% graphite. 


Graphitic beds have been intersected by two reverse circulation drill holes 3.1
kilometres apart as well as a core hole drilled 15 kilometres to the east. The
same graphitic units have been identified in three surface outcrop exposures
spanning an area of 22 x 10 kilometres. 


The graphitic rocks are flat lying and occur in a basin scale stratigraphic unit
that is a minimum of 60 metres thick and is expected to extend over a 26 x 8
kilometre area based on geological mapping.


"We are quite excited by the fact that the graphite at Amer occurs in thick
extensive beds, not small thin veins. The thickness, grade and lateral extent of
these graphite beds clearly represents a large scale deposit target for the
company and depending on the nature of the graphite; this is a very significant
discovery. With the future outlook of graphite and uranium, the Amer Lake
property is highly valuable," says Mark Kolebaba, President and CEO of Uranium
North Resources.


Six test samples were randomly selected from two reverse circulation drill holes
3.1 kilometres apart and submitted for analysis to determine the graphitic
carbon (Cg) content. The results from the analysis are shown in the table below.




------------------------
Sample            (Cg) %
------------------------
54268               4.13
------------------------
54271                3.2
------------------------
54272               3.84
------------------------
89474                0.6
------------------------
89477               3.22
------------------------
89482               3.77
------------------------

Analysis method is Infrared



Samples have been submitted for mineral liberation analysis (MLA) to determine
the nature and particle size of the graphite.


Graphite beds that outcrop at surface along the paleo-basin margins should be
mapped in detail and sampled systematically. A 2000 to 3000 metre drill program
with drill hole spacing at 500 to 1000 metres is required to test the grade,
thickness and lateral extent of the graphite units across the basin. 


Graphite at Amer Lake was recognized during the company's uranium exploration
program. The presence of graphite was investigated as a reducing environment
favorable for uranium precipitation. This new graphite discovery increases the
attractiveness of the Amer property where we have an existing uranium resource
with potential to expand. Since the discovery of graphite on Amer, the company
has staked additional claims over areas with known outcropping graphitic rocks. 


The project is 70 kilometres from an all season road to Baker Lake and sea access. 

Bruce Kienlen, P.Geol, and Graham Gill, P.Geo, are Qualified Persons as defined
by National Instrument 43-101 reviewing the data in this news release. 


On behalf of Uranium North Resources

Mark Kolebaba, President and CEO 

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address exploration drilling, activities and events or developments
that Uranium North Resources Corp. (the "Company") expects to occur, are
forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploration
successes, and continued availability of capital and financing and general
economic, market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking
statements. The Company does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future
events or otherwise.

Uranium North Resources Corp. (TSXV:UNR)
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