Aston Hill Global Uranium Fund Inc. Renews Normal Course Issuer Bid

TORONTO, July 12, 2012 /CNW/ - (TSX: GUR) Aston Hill Global Uranium Fund Inc. (the "Fund") has renewed its normal course issuer bid to purchase up to 478,338 shares of the Fund representing approximately 10% of the public float of 4,783,385 shares.  The Fund may purchase up to 95,667 shares in any 30 day period which is 2% of the 4,783,385 issued and outstanding shares at July 5, 2012.

As of July 5, 2012, the Fund had purchased 167,700 shares under its current bid at an average price of $1.89 per share.

The shares may be purchased for cancellation from July 16, 2012 to July 15, 2013 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per share not exceeding the last published net asset value per share.  The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

Further information on the Fund is available at www.astonhill.ca.

SOURCE Aston Hill Global Uranium Fund Inc.

For further information:

Michael J. Killeen
President
Aston Hill Asset Management Inc.
(416) 583-2300

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Aston Hill Global Uranium Fund Inc.

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