Universal Uranium Terminates Option Agreement at Artillery Peak

Universal Uranium Ltd. (the "Company") (TSX VENTURE:UUL) has terminated the
option agreement dated February 10, 2006 with Artillery Peak Uranium Corp.
Pursuant to the terms of the Agreement, the Company had the option to earn and
acquire a 100% interest in Artillery Peak Uranium Corp.'s 86 lode mining claims
totalling 1776.85 acres located 186 kilometres northwest of Phoenix, Arizona. 


The termination of the Agreement is the result of a review of all available
historic and company generated drill results. In general, the holes drilled to
twin previous operator's holes returned similar results and confirmed the
potential for the non NI 43-101 compliant historical resource of 1.7 million
pounds of U3O8. Holes drilled to expand the resource either a) failed to
intersect anomalous or ore grade material or b) intersected or postulated from
geology intersected that the host unit for uranium mineralization is too deep
for potential economic extraction. Therefore the potential to expand the size of
the deposit was severely downgraded and the option was terminated.


Universal Uranium plans to focus on its properties located in Labrador and Utah.
The Company has a significant discovery in Labrador and has a resource
calculation underway. The company will focus on the expansion of this discovery
zone and the drilling of other high priority targets in the Central Mineral
Belt, Labrador. The Company will also focus on its Lisbon Valley Project in
Moab, Utah which lies within a district that was home to 17 previous mines
producing over 103 million pounds of U308 with an average grade of 0.41%. 


The company is currently in the process of reviewing other high quality Canadian
uranium properties in order to expand the company's portfolio and increase
shareholder value. 


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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