UCR receives assay results grading up to 1.693% U(3)O(8)



    TSX.V: UCR

    KIRKLAND LAKE, ON, Feb. 28 /CNW/ - Uranium City Resources Inc. ("UCR"),
is pleased to provide the following update on developments at its East Target
property located in the Beaverlodge/Uranium City Mining District in north-west
Saskatchewan:
    In a Press Release dated October 29, 2007 shareholders were advised that
engineering firm Watts Griffis McOuat (WGM) had made a few recommendations on
the Mineral Resource estimate being calculated for the East Target property.
In particular, WGM had recommended that UCR twin a few drill holes from the
historic drilling by Eldorado to confirm the mineralization, grades and
lithology. UCR is now pleased to announce that the assay results have been
obtained on these holes. The lengthy delay in obtaining these results is due
to laboratory backlog arising from the unprecedented level of Uranium
exploration activity being conducted in Saskatchewan.
    The assay results from confirmation holes FT07-42 to FT07-46 are as
follows:

    
    -------------------------------------------------------------------------
    HOLE    Total Hole  Dip     From      To     Length     Average Grade
              Depth                                        Within Interval
    -------------------------------------------------------------------------
             (meters)                            (meters)     (%U(3)O(8))
    -------------------------------------------------------------------------
    FT07-42   188.00    -45     27.35    28.35     1.00         0.013
    -------------------------------------------------------------------------
                                93.00    94.00     1.00         0.012
    -------------------------------------------------------------------------
                                95.00    96.00     1.00         0.031
    -------------------------------------------------------------------------
                                99.00   102.00     3.00         0.159
    -------------------------------------------------------------------------
                                                           Including 0.312%
                                                           over 1m between
                                                          101.00 and 102.00m
    -------------------------------------------------------------------------
    FT07-44   119.00    -90     26.00    34.00     8.00         0.031
    -------------------------------------------------------------------------
    FT07-45   104.00    -90     18.00    20.00     2.00         0.141
    -------------------------------------------------------------------------
                                30.00    37.00     7.00         0.060
    -------------------------------------------------------------------------
    FT07-46   77.00     -65     21.00    25.00     4.00         0.690
    -------------------------------------------------------------------------
                                                           including 1.693%
                                                          over 1m from 23.00
                                                              to 24.00m
    -------------------------------------------------------------------------
    

    These assays confirm the previous U values and depth of mineralization in
the Eldorado historic drill holes. This confirmation of the Eldorado historic
holes will allow UCR to integrate this Eldorado drill hole data into its
database for the resource estimate calculation to be performed by Watts,
Griffis and McOuat in the near future.
    Assay results have now also been received for exploration holes FT07-43,
FT07-47, FT07-48, FT07-50, FT07-52 FT07-53, FT07-55, FT07-56, FT07-61, FT07-62
and FT07-63 which are given in the next table. FT07-47and FT07-48 are holes
drilled halfway between previous UCR drill holes done in 2006 and confirm the
presence of U mineralization between those holes. Other holes were done along
the western extension of the mineralization in areas previously not tested by
drilling.

    
    -------------------------------------------------------------------------
    HOLE    Total Hole  Dip     From      To     Length     Average Grade
              Depth                                        Within Interval
    -------------------------------------------------------------------------
             (meters)                            (meters)     (%U(3)O(8))
    -------------------------------------------------------------------------
    FT07-43  154.00     -45                                 no significant
                                                            mineralization
    -------------------------------------------------------------------------
    FT07-47  119.00     -45     97.63    99.63     2.00         0.054
    -------------------------------------------------------------------------
    FT07-48  131.00     -45    103.00   104.00     1.00         0.253
    -------------------------------------------------------------------------
                               109.00   114.00     5.00         0.365
    -------------------------------------------------------------------------
                                                           including 0.594%
                                                          over 3m from 110.0
                                                              to 113.0m
    -------------------------------------------------------------------------
    FT07-50  169.00     -45    123.00   124.00     2.00         0.020
    -------------------------------------------------------------------------
                               129.00   135.00     6.00         0.096
    -------------------------------------------------------------------------
                               148.00   149.00     1.00         0.132
    -------------------------------------------------------------------------
    FT07-52  169.00                                         no significant
                                                            mineralization
    -------------------------------------------------------------------------
    FT07-53  200.00     -45    142.00   143.00     1.00         0.014
    -------------------------------------------------------------------------
    FT07-55  119.00     -45     45.00    51.00     6.00         0.021
    -------------------------------------------------------------------------
    FT07-56  186.00     -70     36.00    43.00     7.00         0.010
    -------------------------------------------------------------------------
                                57.00    62.00     5.00         0.012
    FT07-61  147.60     -45     35.25    39.00     3.75         0.023
                                45.60    46.60     1.00         0.024
    FT07-62  146.30     -45                                 no significant
                                                            mineralization
    FT07-63  144.50     -45     10.40    17.40     7.00         0.036
                                24.00    25.00     1.00         0.044
                                32.00    37.00     5.00         0.034
                                40.00    41.00     1.00         0.031
    -------------------------------------------------------------------------
    

    These results confirm that the U mineralization at the East Target
extends along strike and at depth. The variation in assay grade is due to the
"pinching and swelling" of uranium mineralization common to the uranium
deposits of the Uranium City Mining Camp. This assay data will also be
forwarded to Watts Griffis McOuat for inclusion in the resource calculation.
    Two drills remain active for UCR in the Uranium City area. One drill will
continue exploring the East Target mineralization both on land and on its
southwest extension under Verna Lake toward the St Louis Fault which hosts the
former Eldorado mines, Ace, Fay and Verna. Seven new holes have been already
drilled at the East Target and their assays are pending. The second drill will
test U mineralization under Athabasca Lake at Nicholson Bay and Fish Hook Bay
projects. These targets were previously discussed in a Press Release dated
February 7, 2008. This drilling will commence shortly as drilling permits have
now been obtained. Other potential drill targets on the Willson Lake claim
block, and other UCR properties, are also currently being identified.
    The technical information in this news release has been reviewed by Jim
Kermeen, P. Eng. a Qualified Person as defined by National Instrument 43-101.

    Forward looking statements:

    This news release contains certain forward-looking statements. These
forward-looking statements are subject to a variety of risks and uncertainties
beyond UCR's control or prediction and could cause actual events or results to
differ materially from those anticipated in such forward-looking statements.
Although UCR believes that the assumptions inherent in the forward-looking
statements are reasonable, undue reliance should not be placed on these
forward-looking statements.





For further information:

For further information: Robert Kasner, President & CEO, T: (705)
567-5351, E: kasner1@ntl.aibn.com; Malcolm Bucholtz, V.P. Investor Relations,
T: (306) 525-0852, E: saskmining@hotmail.com

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