Uranium Moratorium Does Not Affect Universal's Two Time Zone or Other High Priority Targets

Universal Uranium Ltd. (TSX VENTURE:UUL) - 

The legislation passed yesterday by the Nunatsiavut government imposing a three
year moratorium on uranium mining in Labrador does not affect Universal Uranium
Ltd.'s principal asset, the Two Time Zone, or the company's other high priority
targets. 


Universal Uranium Ltd. currently holds 4,941 claims (approx. 1,200 sq. km) in
ten separate claim blocks in the Central Mineral Belt with its joint venture
partner Silver Spruce Resources. Of these 4,941 claims, 82 per cent fall outside
of the Inuit Lands (LIL) and are therefore not affected by the moratorium. Most
importantly, the company's discovery zone, the Two Time Zone, which is currently
undergoing a Resource Calculation, is not a part of these lands. 


Ron Atlas, President of Universal Uranium Ltd., states: "Universal's key asset,
the Two Time Zone, and the majority of our other high priority targets lie
outside the Inuit Lands and are therefore open for exploration and development.
The company feels confident going forward as Aurora, Crosshair and Bayswater, as
noted in their most recent news releases, will continue with 2008 exploration
plans and continue proposed drilling."


The Nunatsiavut Government Lands and Resource Minister, William Barbour, stated:
"We are prepared to work with any company wanting to conduct exploration within
our territory. During the course of the next three years, we will build our
human resources capacity to effectively govern our land and resources and
effectively participate in environmental protection and management together with
industry and other governments." This quote indicates that the government is
willing to work with the companies and that a permanent ban is not their
intention but rather temporary in order to establish the structures necessary
for the government to host large-scale development projects. 


Universal Uranium Ltd. (TSX VENTURE:UUL) is a publicly held Canadian uranium
exploration company focused on acquiring, exploring and developing uranium
properties located in favorable geo-political climates. The company is led by a
highly skilled, experienced board and management team with significant successes
in managing early stage mineral exploration companies. 


ON BEHALF OF THE BOARD:

Ronald Atlas, President & Chairman of the Board

The Company seeks Safe Harbour.

Standard & Poor's Listed

Issued Share Capital: 44,115,069

Universal Uranium Ltd. (TSXV:UUL)
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