Universal Uranium Ltd. (TSX VENTURE:UUL) (the "Company") is pleased to report
that North Rim Exploration Ltd. has completed a Preliminary Resource Assessment
Study (the "Study") on the Company's 100% owned St. Georges Subbasin Project,
located in western Newfoundland.


The study concludes that the project warrants being advanced and recommends
additional work to be conducted in the form of ground truthing, ground gravity
surveys and possible drill testing based on gravity features. It also reports
that the property not only has potash potential but also potential for uranium,
coal and other base metals.


North Rim geologists will visit Pasadena, NL in late October in order to
document the cores of the historical drill holes in the area and try to locate
the coal occurrences that are in the historic data as being on the property.


Highlights of the Preliminary Assessment Report:

- The St. Georges Subbasin is an extension of the larger Carboniferous-age
Maritime Basin that underlies most of Nova Scotia, New Brunswick and Prince
Edward Island (See Figure 3 available at www.universaluranium.com). The
evaporite-bearing formations in Newfoundland are believed to be similar in age
to potash-producing formations in the Moncton Subbasin of New Brunswick, which
is also part of the Maritime Basin. The potash mine in the Moncton Subbsain, the
Sussex Mine, is currently operated by the Potash Corporation of Saskatchewan and
produces approximately 800,000 tonnes of potash a day. This demonstrates that
the company's claims cover an area with the geological potential to host a
potash deposit (See Figure 3 www.universaluranium.com).


- Sylvinite and caranallite mineralization have been reported and confirmed from
drill holes in the general St. Georges Subbasin of western Newfoundland. The
closest drill hole to the Universal property is the St. Fintans occurrence which
is located approximately 10 to 15 kilometers from the western boundary of the
company's licenses and reported grades as high as 9.1% K2O. Both sylvite and
carnallite were reported to be present (See Figure 1 www.universaluranium.com).
The most extensive drilling was done at Fischells Brook which is located
approximately 20km northeast from the Universal property and reported grades as
high as 15.3% K2O. The highest grade intersection in this area was 4.1m
averaging 13.2% K2O and the thickest intersection was 7.8m of 7.95% K2O (See
Figure 1). These observations indicate it is reasonable to expect the discovery
of additional sylvinite and caranallite within the St. Georges Subbasin.


- The highest prospectivity for potash mineralization in the St. Georges
Subbasin is coincident with the lower Codroy Group Sediments. This Codroy group
is present on a substantial part of the Universal property. Further ground work
on the licenses, specifically within the regions marked by the highlighted area
on Figure 9, could result in the discovery of evaporite minerals that may
include sylvinite and carnallite.


- The St. Georges Subbasin is a metallogenically interesting area with regional
indications of several other mineral commodities (Figure 7
www.universaluranium.com), including coal, uranium and base metals. There are
currently reports of coal beds (Figure 9) encountered in the vicinity of the
Universal licenses so particular attention will be paid to identifying the
potential presence of a coal resource. The potential for economic concentrations
of other minerals will also not be discounted during the work program as there
are reports indicating base metal potential in the Codroy-Anguille contact area
(Figure 9).


The Study, dated September 15th, 2008 and entitled "Bay St. Georges Subbasin
Western Newfoundland - Preliminary Resource Assessment Study" will be filed on
www.sedar.com and available for viewing on the company's website
www.universaluranium.com. The study was prepared by Sandra J. Foster, P.Geo.,
and Stephen Halabura, P. Geo. of North Rim Exploration Limited (NREL), a
geological consulting company based in Saskatoon, Saskatchewan. Mr. Halabura and
Ms. Foster are both independent qualified persons as defined by NI 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 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: 47,034,068