Action Against Universal Uranium

Universal Uranium Ltd. (the "Company") (TSX VENTURE:UUL) announced that it has
been served with a Writ and Statement of Claim in an action commenced by
Crosshair Exploration & Mining Corp. ("Crosshair") in the B.C. Supreme Court.
The Crosshair action seeks rescission of a property purchase agreement dated
July 29, 2008 under which Crosshair acquired the Company's interest in
approximately 4,741 mineral claims situated in the Central Mineral Belt in
Labrador. It also seeks rescission of a July 29, 2008 private placement
agreement under which Crosshair purchased 2,222,222 units of the Company, each
consisting of one common share and one common share purchase warrant. The action
also claims certain ancillary relief.


Further information on the property purchase agreement and the private placement
agreement is contained in the Company's press release issued July 30, 2008.


The Company considers the Crosshair action to be without merit and will
vigorously defend this action. The Company also intends to file a counterclaim
against Crosshair seeking damages and other relief.


ON BEHALF OF THE BOARD:

Ronald Atlas, President & Chairman of the Board

Standard & Poor's Listed

Issued Share Capital: 47,084,068

Universal Uranium Ltd. (TSXV:UUL)
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