GLOBAL URANIUM CORP. - CEASE TRADE ORDER REVOKED BY BCSC

TSX-V: GU

VANCOUVER, June 7, 2011 /CNW/ - Global Uranium Corporation (the "Company") announces that the British Columbia Securities Commission ("BCSC") has revoked the cease trade order (the "CTO") issued against the Company  on September 27, 2010.

The CTO was issued by the BCSC as a result of the Company's failure to file a technical report related to the Anderson uranium project (the "Anderson Property") that was compliant with the published requirements under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") related to the mineral resource estimate.

The Company has filed with the BCSC a NI 43-101 compliant technical report dated May 2, 2011, entitled "Anderson Uranium Project, Yavapai County, Arizona, USA" (the "2011 Technical Report") prepared by Dr. Gilles Arseneau, P.Geo, Associate Consultant (Resource Geology) of SRK Consulting (Canada) Inc. The 2011 Technical Report remedies the deficiencies in the Company's previous technical report related to the Anderson Property filed in 2010. As a result of the filing of the 2011 Technical Report, the BCSC fully revoked the CTO on June 6, 2011.

The 2011 Technical Report related to the Anderson Property can be found under the Company's SEDAR profile located on SEDAR www.sedar.com.

On September 28, 2010, the TSX Venture Exchange (the "Exchange") suspended the Company's common shares from trading on the Exchange as a result of the CTO. Since the CTO has now been revoked by the BCSC, the Company intends to apply to the Exchange for re-instatement of trading in the Company's shares.

The Company also intends to arrange and complete a private placement of its securities to raise funding to identify and acquire interests in new mineral projects, to fund future exploration and development of any such project, and for general working capital.

To that end, the Company is currently investigating metallurgical coal development projects in both North America and Asia.

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.


SOURCE Global Uranium Corporation

For further information:

George Heard, CEO, President & Director, Phone: 604-632-0085 or email gwheard@shaw.ca

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Global Uranium Corporation

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