Uracan discovers new mineralized zone at TJ Zone and additional wide uranium mineralization at Lac Petit, North Shore Property, Quebec



    Trading Symbol: (TSX - V): URC

    
    HIGHLIGHTS:

    -   Up to 95 m of U(3)O(8) mineralization discovered at TJ Zone in
        series of stacked mineralized zones, 3 km northwest of main Double S
        zone
    -   Additional wide new uranium mineralization at Lac Petit, 2 km
        northeast of main Double S zone
    

    VANCOUVER, June 17 /CNW/ - Uracan Resources Ltd. (the "Company") is
pleased to announce that the ongoing exploration program on the North Shore
Uranium Property is continuing to discover wide new zones of uranium
mineralization at surface on the Turgeon Lake Intrusive Complex (TLIC), part
of the 1,075 Km(2) North Shore Uranium Property in Quebec.
    The TJ Zone discovery follows wide intercepts of uranium mineralization
at the main Double S zone, Middle Zone, Lac Petit, and Johan Beetz zones.
Management intends to expand all these zones with more drilling this year. The
TJ and Middle Zones occur within the main Double S trend.
    A new area of wide uranium mineralization was encountered at the TJ Zone
within the Double S trend. The TJ Zone is three kilometers northwest of the
main Double S zone and 1.4 kilometers northwest of the Middle Zone
mineralization previously announced in the April 28th 2008 news release.
Please refer to the Uracan Resources Ltd. website www.uracan.ca for maps and
drill holes outlining the locations of the various mineralized zones.
    Mineralization in the overall Double S trend and Lac Petit zone of the
North Shore Property continues to occur in multiple stacked mineralized zones
hosted by granites and pegmatites, with drilled widths and grades of up to
95.2 meters of 0.016% U(3)O(8).
    A total of 12,192 meters of drilling in 59 diamond drill holes was
completed during the winter drilling campaign. Results for the majority of the
winter 2008 drilling has been received by Uracan from the assay laboratory.

    TJ Zone
    -------
    A total of 1,400 meters of diamond drilling in 7 holes was completed on
the TJ zone during the winter program. Multiple mineralized zones were
encountered in the drilling, with up to 95.55 meters grading 0.015% U(3)O(8)
encountered in TJ-08-02, 32 meters of 0.012% U(3)O(8) in TJ-08-01 and 31.4
meters of 0.010% U(3)O(8) in TJ-08-04. Up to 5 discrete mineralized zones were
noted in several of the drill holes, indicating a stacked sequence of
mineralized pegmatite and granite bodies exist at the TJ zone, potentially an
extension of the mineralization noted at the Double S zone.
    The TJ zone has had historic mapping and surface sampling completed on
it, but no drilling was carried out on this zone prior to the 2008 winter
drill program. The winter 2008 drilling was carried out on widely spaced drill
sites. A follow up program of detailed surface mapping and diamond drilling is
planned for this new discovery area to better define the nature and extent of
mineralization.

    Lac Petit
    ---------
    1,226 meters of drilling in 6 holes was completed on the Lac Petit zone
to follow up drill results from the winter 2007 program (previously released).
The program was aimed at better defining the orientation and extent of
mineralization in this area.
    95.2 meters of 0.016% U(3)O(8) was encountered in LP-08-04, the thickest
intercept of mineralization encountered at Lac Petit to date. Multiple stacked
zones of mineralization were noted in many of the drill holes. Detailed
mapping and ground geophysics is planned this summer to better define the
nature of the controls of uranium mineralization at the Lac Petit zone.
    Uracan has now outlined a mineralized zone at Lac Petit over an area
roughly 800 metres long by 200 metres wide. Mineralization remains open along
strike and down dip, with the uranium mineralization hosted by a sequence of
pegmatites and granites.

    Middle Zone
    -----------
    4,539.5 meters in 21 diamond drill holes was completed on the Middle Zone
during the winter drill program. Results from the initial 14 drill holes were
previously released (see Uracan's April 28th, 2008 news release for further
information on these earlier results).

    Drill Results Summary
    ---------------------
    Selected drill results from the 2008 winter drill program are outlined
below. A table with the full drill results will be available shortly on the
website at www.uracan.ca under PROJECTS - North Shore:

    
    -------------------------------------------------------------------------
    Area         Drill Hole   From (m)   To (m)  Length (m)  U ppm  U(3)0(8)%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Lac Petit    LP-08-01       34.55     87.05       52.5    87.3    0.010
    -------------------------------------------------------------------------
    Lac Petit    LP-08-02         118       135         17    95.9    0.011
    -------------------------------------------------------------------------
    Lac Petit    LP-08-02      146.15     154.5       8.35   178.8    0.021
    -------------------------------------------------------------------------
    Lac Petit    LP-08-03         3.7      25.7         22    96.3    0.011
    -------------------------------------------------------------------------
    Lac Petit    LP-08-03       120.7     141.7         21    83.8    0.010
    -------------------------------------------------------------------------
    Lac Petit    LP-08-04         8.3     103.5       95.2   134.6    0.016
    -------------------------------------------------------------------------
    Lac Petit    LP-08-06       155.3     174.8       19.5   111.9    0.013
    -------------------------------------------------------------------------
    Lac Petit    LP-08-06      184.55    201.45       16.9   104.3    0.012
    -------------------------------------------------------------------------
    Middle Zone  MZ-08-15      123.25    137.75       14.5      87    0.010
    -------------------------------------------------------------------------
    Middle Zone  MZ-08-16        41.3      68.4       27.1     178    0.021
    -------------------------------------------------------------------------
    Middle Zone  MZ-08-17       84.25     94.75       10.5     210    0.025
    -------------------------------------------------------------------------
    Middle Zone  MZ-08-18      145.45    190.45         45     121    0.014
    -------------------------------------------------------------------------
    Middle Zone  MZ-08-19         7.5      23.1       15.6     190    0.022
    -------------------------------------------------------------------------
    Middle Zone  MZ-08-19      130.65     162.2      31.55      96    0.011
    -------------------------------------------------------------------------
    TJ Zone      TJ-08-02           1     96.55      95.55   123.1    0.015
    -------------------------------------------------------------------------
    TJ Zone      TJ-08-03        20.9      52.3       31.4    83.5    0.010
    -------------------------------------------------------------------------
    TJ Zone      TJ-08-04        51.5      75.5         24   104.1    0.012
    -------------------------------------------------------------------------
    TJ Zone      TJ-08-07      170.05    185.05         15   112.8    0.013
    -------------------------------------------------------------------------
    Chan         CH-08-04         0.9        15       14.1   152.7    0.018
    -------------------------------------------------------------------------
    Chan         CH-08-05        50.5        74       23.5     117    0.014
    -------------------------------------------------------------------------
    Chan         CH-08-06         195     202.7        7.7   234.1    0.028
    -------------------------------------------------------------------------
    Johan Beetz  JB-08-06       107.3     115.8        8.5   125.7    0.015
    -------------------------------------------------------------------------
    Johan Beetz  JB-08-10        19.6        41       21.4   106.1    0.013
    -------------------------------------------------------------------------
    Lac Tanguay  LTA-08-06       14.4      27.9       13.5   116.5    0.014
    -------------------------------------------------------------------------
    

    2008 Summer Exploration Program

    Uracan has commenced its summer 2008 exploration program. An additional
10,000 meters of diamond drilling on the Double S, TJ and Middle zones, along
with a program of detailed mapping, sampling and ground geophysics to better
define controls on mineralization on the property. Reconnaissance mapping and
sampling will be undertaken on other areas of the property which have received
little or no previous exploration to outline additional drill targets.

    QA/QC
    -----
    Samples were shipped by company personnel in sealed containers to ALS
Chemex Laboratories of Val D'Or, Quebec for analysis. ALS Chemex is the
laboratory facility used for all assays from the North Shore Property program.
Samples are weighed and catalogued before sample preparation. A QA/QC program
was implemented as part of the sampling procedure for the drill program. Field
duplicates and field blanks were inserted into the sample stream with at least
one blank and one duplicate inserted per group of 40 samples sent to the
laboratory.

    Uracan Resources Ltd. is a publicly-listed uranium exploration company,
exploring for shallow, bulk tonnage style of uranium mineralization in Canada.
Uracan is led by a team of proven exploration and mine entrepreneurs and
mine-builders. The information in this news release has been prepared and
reviewed by Marc Simpson, P. Geo., the Company's Qualified Person under
National Instrument 43-101 standards.

    The TSX Venture Exchange has not reviewed and does not accept
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.





For further information:

For further information: Gregg J. Sedun, President and CEO, (604)
682-5580; Marc Simpson, Exploration Manager, (604) 682-5580; Keith Schaefer,
Vanguard Shareholder Solutions, (604) 608-0824

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Uracan Resources Ltd.

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