UraMin Inc. ("UraMin" or the "Company") - Definitive Feasibility Study for the Ryst Kuil Uranium Project, South Africa



    TORONTO, March 13 /CNW/ - UraMin is pleased to announce that SRK
Consulting (US) Inc. ("SRK") of Denver, Colorado has been appointed to
undertake Consulting and Engineering Services for the completion of the
Definitive Feasibility Study ("DFS") for the Ryst Kuil Project (including the
Ryst Kuil, Riet Kuil and Tanqua properties) in the West Beaufort area of South
Africa. SRK are currently engaged on the DFS for UraMin's Trekkopje project in
Namibia and UraMin anticipate that the existing relationship will ensure an
effective and rapid commencement of the Ryst Kuil DFS and expedite the
completion of the DFS work.
    SRK is a highly regarded firm of engineering consultants with extensive
experience from resource estimation through to mine planning. SRK has
assembled an experienced and knowledgeable team of senior mining personnel,
many of whom were active in the mining industry prior to their consulting
careers.

    Ian Stalker, Chief Executive, said:

    "UraMin is pleased to continue our close and effective working
relationship with SRK on the Ryst Kuil project and we are confident that the
combination of SRK and our experienced management team will bring the Ryst
Kuil Project to Final Feasibility Stage as expeditiously as possible. The
considerable amount of information available from previous studies at Ryst
Kuil will assist in achieving our goal."

    GLOSSARY

    Feasibility Study

    A comprehensive study of a deposit in which all geological, engineering,
operating, economic and other relevant factors are considered in sufficient
detail for it to reasonably serve as the basis for a final decision by a
financial institution to finance the development of the deposit for mineral
production.

    Lbs

    Pounds

    Uranium

    Heavy silvery-white metallic element found in several minerals, notably
uraninite and carnotite.

    U3O8

    Triuranium Octaoxide

    BACKGROUND INFORMATION:

    UraMin (www.uramin.com) was founded in February 2005 and its shares are
traded on the AIM market of the London Stock Exchange and the Toronto Stock
Exchange under the symbol 'UMN'. The Company was established to acquire and
develop mineral properties, predominantly uranium. The Company currently has
working capital of approximately US$88 million and a market capitalization of
approximately US$1 billion on an undiluted basis.
    UraMin is currently focusing on the development of its advanced stage
exploration projects at Trekkopje in Namibia, Bakouma in the Central African
Republic and Ryst Kuil in South Africa. Through a South African joint venture,
UraMin also enjoys additional prospecting license applications for important
uranium deposits in the Karoo, South Africa. No assurance can be given that
remaining applications for the prospecting rights in the Ryst Kuil Channel of
the Karoo or elsewhere in South Africa will be successful.

    FORWARD-LOOKING STATEMENTS:

    This press release contains statements that are "forward-looking".
Generally, the words "expect," "intend," "estimate," "will" and similar
expressions identify forward-looking statements. By their very nature,
forward-looking statements are subject to known and unknown risks and
uncertainties that may cause our actual results, performance or achievements,
or that of our industry, to differ materially from those expressed or implied
in any of our forward-looking statements. Statements in this press release
regarding the Company's business or proposed business, which are not
historical facts, are "forward looking" statements that involve risks and
uncertainties, such as estimates and statements that describe the Company's
future plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in such
statements.
    Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.





For further information:

For further information: UraMin Inc., Ian Stalker, Chief Executive
Officer, Neil Herbert, Finance Director, Tel: +27 (0)11 783 5056; Canaccord
Adams Limited, Robin Birchall/Tyler Broda, Tel: +44 20 7050 6741; Toronto,
Steve Vaughan, Tel: (416) 643-6924

Organization Profile

URAMIN INC.

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