United Uranium Corp. Amends Option Agreement With Denison Mines Corp.



    SASKATOON, SK, Jan. 15 /CNW/ - United Uranium Corp. (UUC-TSX Venture)
(the "Corporation") announced today that it has amended its existing agreement
with Denison Mines Corp. (DML-TSX) ("Denison") regarding the Corporation's
Hatchet Lake property located in the Athabasca Basin of Saskatchewan (the
"Property"). The full particulars of the agreement with Denison were disclosed
in the Corporation's press release dated March 14, 2008.
    Under the terms of the amended agreement, Denison will hold the right to
earn a fifty percent interest in the Property over a period of three years in
exchange for Denison incurring exploration expenses on the Property in the
aggregate amount of $860,000.00 as follows:

    
    1)  Exploration expenses of a minimum of $200,000 on or before
        May 1, 2010;
    2)  Exploration expenses of an additional $330,000 on or before
        May 1, 2011; and
    3)  Exploration expenses of an additional $330,000 on or before
        May 1, 2012.
    

    The Property consists of two claims totaling an area of 7,895 hectares
located near the northeast edge of the Athabasca Basin, approximately 30 km
north and northeast of the Midwest Lake, McClean Lake, Collins Bay, Rabbit
Lake and Eagle Point uranium deposits.
    Kyle Kozuska, Director of United Uranium Corp. states "We are pleased to
be working with Denison Mines Corp. on this project. Despite the current
financial and economic turbulence, quality projects continue to be a
priority."

    Caution Regarding Forward-Looking Statements

    Certain statements in this press release may contain "forward-looking
statements" within the meaning of securities legislation. By their very
nature, forward-looking statements involve inherent risks and uncertainties,
both general and specific, and risks exist that predictions, forecasts,
projections and other forward-looking statements will not be achieved. We
caution readers not to place undue reliance on these statements as a number of
important factors could cause the actual results to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates and
intentions expressed in such forward-looking statements. All forward-looking
statements contained in this press release are based on the Corporation's
current beliefs as well as assumptions made by and information currently
available to the Corporation concerning exploration plans, development,
strategies and mining activities. When relying on our forward-looking
statements to make decisions with respect to the Corporations, investors and
others should carefully consider the foregoing. The Corporation does not
undertake to update any forward-looking statement, whether written or oral,
that may be made from time to time by the Corporation or on its behalf. More
information about risks and uncertainties affecting the Corporation and its
business is available in the Corporation's regulatory filings which are posted
on sedar at www.sedar.com.

    
    ON BEHALF OF THE BOARD

    "Kyle Kozuska"

    Kyle Kozuska
    Director

    The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy
    or Accuracy of This News Release
    

    %SEDAR: 00004169E




For further information:

For further information: please contact the Company at (306) 664-3828

Organization Profile

UNITED URANIUM CORP.

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