Universal Uranium to Acquire Nevada Gold Property

Universal Uranium Ltd. (TSX VENTURE:UUL) ("Universal Uranium") announces that it
has entered into an agreement with Nevada Mine Properties II, Inc. ("NMP"), a
private Nevada corporation, to acquire a 100% interest in NMP's Tact - Buff
property (the "Property") located in the prolific Battle Mountain Mining
District, Nevada. The Property is comprised of 98 claims totalling 1760 acres
and is situated in Humboldt County approximately 30 miles southeast of
Winnemucca.


Property Details

The Property is located in Buffalo Valley approximately 5 miles southwest of
Newmont Mining's Lone Tree gold mine Complex (2 million ounces mined) and 3
miles northwest of Newmont's Converse deposit (4.5 million ounce resource).
Other nearby gold mines in operation include the Marigold Complex (over 4.25
million ounces) operated as a joint venture between Barrick Gold Corp. and
Goldcorp Inc. (see map at www.universaluranium.com).


The project area contains host rocks identical to the above mentioned mines and
previous work has outlined gold in outcrop, within soil grids, limited drilling
programs.


Gold mineralization identified within the property boundary occurs in strongly
stockworked-brecciated limonite shears and quartz veining in structurally
prepared areas within the Havallah sediments and within a quartz monzonite
intrusive. A soil sampling program spaced on 30 by 130 meters covers an area
over one square mile. The soil grid contains large areas of +0.1 g/t gold.
Numerous +1 g/t gold values up to 4.6 g/t have been identified. A shallow
drilling program (less than 30 meters) tested various, easily accessible
portions of the soil grid with results to 0.014 oz/ton Au over 15 meters. None
of this work has been followed up leaving most +0.1 g/t gold anomalies untested.


"While Universal remains committed to prospecting Uranium properties, the
identification of this gold opportunity proved to be too tempting to let pass.
The property's data has been reviewed by two top geologists and both have given
us favourable reports," says Ron Atlas, President of Universal. "We have
retained Bernard Stannus, a mining engineer who has considerable gold experience
and who also helped bring Inca Pacific's Magistral Copper Project in Peru to its
bankable feasibility and permitting stage. Bernard has agreed to consult for
Universal."


In consideration, Universal Uranium has agreed to pay US$7,500 upon execution of
the agreement and a total of US$302,500 in Advanced Royalty Payments in the
first 8 years with automatic extensions over the next 12 years. Universal
Uranium reserves the right to purchase 100% ownership of the Property at anytime
by paying US$2 million less any Advance Royalty Payments.


Other considerations include issuing a total of 500,000 Universal shares to NMP
over a two year period and the option to buydown a 3% NSR to 1% for US$3
million.


Universal has sufficient cash to proceed with drilling and plans to apply for
drill permits and mobilize drill crews as soon as possible to proceed with an
initial drilling program of up to 12 holes.


Information with respect to the Tact - Buff properties contained in this press
release is approved by Bert W. Jeffries, PGeo, qualified person required under
National Instrument 43-101.


Universal Uranium Ltd. (TSX VENTURE:UUL) is a publicly held Canadian exploration
company focused on acquiring, exploring and developing mineral properties
located in favourable 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

Standard & Poor's Listed

Issued Share Capital: 47,084,068

Universal Uranium Ltd. (TSXV:UUL)
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