UEX appoints Ed Boney as Chief Financial Officer

Trading Symbol: UEX-TSX

VANCOUVER, April 28 /CNW/ - UEX Corporation ("UEX") is pleased to announce the appointment of Ed Boney, CA as Chief Financial Officer.

Mr. Boney is a member of the Institute of Chartered Accountants of British Columbia and the Canadian Institute of Chartered Accountants. He holds a Bachelor of Commerce degree (with Distinction) from the University of Victoria as well as a Diploma in Accounting from the University of British Columbia.

Prior to joining UEX, Mr. Boney held the position of Corporate Controller at Century Mining Corporation ("Century"), a Canadian junior gold mining company with producing mines in Canada and Peru. 

Previous to working with Century, Mr. Boney was a manager at Deloitte & Touche ("Deloitte") where he supervised the audits of several public companies in the mining and natural resource sector. While employed with Deloitte, Mr. Boney was also involved in the asset valuations of several companies in the Canadian oil and gas sector as well as being seconded for eighteen months on a major international forensic accounting assignment.

UEX welcomes Mr. Boney as a valued addition to its executive team.

About UEX

UEX is a Canadian uranium exploration and development company actively involved in 18 uranium projects, including six that are 100% owned and operated by UEX, one joint venture with AREVA that is operated by UEX, as well as ten joint-ventured with AREVA and one under option from JCU (Canada) Exploration Company, Limited, which are operated by AREVA. The 18 projects, totaling 338,972 hectares (837,618 acres), are located in the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium belt, which accounts for approximately 22% of the global primary uranium production. UEX is currently developing several uranium deposits in the Athabasca Basin which include the Kianna, Anne, Colette and 58B deposits at its 49%-owned Shea Creek Project, a joint venture with AREVA in the western Athabasca Basin, and the Horseshoe, Raven and West Bear deposits located at its 100%-owned Hidden Bay Project in the eastern Athabasca Basin. With a cash position of approximately $14 million, UEX is well-financed to carry out its 2011 exploration and development programs budgeted at approximately $9.6 million.

SOURCE UEX Corporation

For further information:

Graham C. Thody, President & CEO,
(604) 669-2349

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UEX Corporation

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