URACAN ENTERS INTO INVESTOR RELATIONS AGREEMENT WITH TORREY HILLS AND GRANTS STOCK OPTIONS

TSX-V: URC

VANCOUVER, Feb. 23 /CNW/ - Uracan Resources Ltd. (TSX-V:URC) ("Uracan" or the "Company") has entered into an investor relations agreement (the "IR Agreement") effective December 2010 with San Diego Torrey Hills Capital, Inc. ("Torrey Hills"), a company incorporated under the laws of the California, located at 2190 Carmel Valley Road, Suite G, Del Mar, California 92014.

Torrey Hills is a leading investor and financial public relations firm specializing in small and micro-cap companies, primarily in the natural resource sector operating at arm's length to the Company. Torrey Hills has been retained to increase awareness about Uracan through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow Uracan to build and maintain an informed investor audience in both the U.S and Canadian marketplace.

Torrey Hills has also agreed to develop a profile on Uracan for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven investors.

Torrey Hills has been engaged for an initial term of twelve months at a monthly fee of US$5,000 with an option to renew for a further term at the mutual agreement of both parties. In December 2010 Uracan granted Torrey Hills options to purchase 300,000 common shares, pursuant to the Company's stock option plan, at a price of $0.29 for up to five years subject to TSX Venture Exchange vesting requirements.

About Uracan

Uracan Resources Ltd. is a uranium exploration company, exploring for near or at-surface, bulk tonnage style uranium mineralization in Canada.  Uracan is led by a team of proven exploration and mine entrepreneurs and mine-builders.  www.uracan.ca.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  The foregoing information may contain forward-looking statements relating to the future performance of Uracan Resources Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.

SOURCE URACAN RESOURCES LTD.

For further information:

Gregg J. Sedun    David Fry
President & CEO     Corporate Development
604-682-5580      1-877-508-U3O8 (8308)

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URACAN RESOURCES LTD.

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