ESO permits granted for 100 hole drill programme for Cluff Lake uranium properties

    Trading Symbols: TSX.V - ESO
    Frankfurt - E2G

    VANCOUVER, March 22 /CNW/ - ESO Uranium Corp. (ESO.TSX-V), the Company,
is pleased to announce that permits have been granted for the programme of
reverse circulation and/or percussion drilling on properties optioned from
Hathor Exploration Limited (HAT.TSX-V) and International KRL Resources
Corporation (IRK.TSX-V) in the Cluff Lake area of the Athabasca Basin,
Saskatchewan. The drilling of approximately 10,000 meters in 100 holes is
planned for the 2007 programme, with a budgeted cost of over $1,500,000. The
claims adjoin the Cluff Lake mining lease of AREVA, the world's largest
integrated uranium company and successor company to the former mine operators.
    The Cluff Lake mines, mostly shallow, open pit operations, produced
63 million pounds of uranium oxide with an average grade of 0.93% and
significant gold values. Historical work on the Bridle Lake Zone, located 2km
north of the Cluff Lake Mines on the Hathor option, included two percussion
drill holes completed by the mine operator, AMOK (MOKTA), in 1979. These holes
intersected 0.112% uranium oxide over 1.5 meters from 17.2 to 18.7 meters
(CAR 316A) and 0.12% uranium oxide over 0.4 meters from 52.6 to 53 meters
(CAR 278).
    Airborne and ground electromagnetic surveys on the Bridle Lake Zone
defined several conductors. These conductors were located immediately up-ice
from a radioactive boulder field reported by AMOK to have values up to 0.85%
uranium oxide. Radon surveys by ESO have identified two areas of strongly
anomalous radon gas in soils, close to the conductors. One of the ESO
anomalies correlates with a radon anomaly reported, but not drill tested, by
AMOK, the other was in an area previously unsurveyed. Radon gas, a product of
the radioactive decay of uranium, is a measure of the presence of uranium at
depth in the bedrock.
    An additional priority target area for drilling is located on the
International KRL option that flanks the east side of the Cluff Mine lease. It
includes a radioactive boulder field with values up to 16.9% uranium oxide and
2.9 g/t gold reported in assessment filings of AMOK. The boulder field is
close to several conductors indicated by airborne and ground electromagnetic
surveys carried out by ESO in 2006.
    For reference, the current spot price of uranium is US$91 per pound of
U3O8; an assay reported as 1.0% of U3O8 is equal to 20 pounds of uranium oxide
per short ton - the conversion of percent metal or metal oxide from percent to
pounds per short ton is done by multiplying the percent value by 20.

    On behalf of the Board of Directors of ESO Uranium Corp.

    "Ben Ainsworth"
    Vice President, Exploration

    The ESO Uranium Corp. website is now operational. Please bookmark this
site for future reference and ongoing updated information.

    The Toronto Venture Exchange has not reviewed nor accepted responsibility
for the adequacy or accuracy of the contents of this news release which has
been prepared by management. Statements contained in this news release that
are not historical facts are forward looking statements as that term is
defined in the private securities litigation reform act of 1995. Such forward
looking statements are subject to risks and uncertainties which could cause
actual results to differ materially from estimated results. Such risks and
uncertainties are detailed in the Company's filing with the Securities and
Exchange Commission.

For further information:

For further information: For corporate communications please contact:
Tom Corcoran or Bob Meister, ESO Uranium Corp., Vancouver, BC, Phone: (604)
629-0293, Email:

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