ESO receives drill results on first radon zone test and plans more drilling on the Carswell Project near the former Cluff Lake Mine, West Athabasca Basin, Saskatchewan

    Trading Symbol TSX-V - ESO
    Frankfurt - E2G

    VANCOUVER, Oct. 17 /CNW/ - ESO Uranium Corporation (TSX-V: ESO), the
Company, with Hathor Exploration Limited (TSX-V: HAT) reports that assays have
been returned for 27 holes completed in the current Carswell Project program
of short drill holes that is being operated under a 50%-50% joint venture
agreement between the companies.
    Nine drill holes intersected radioactive intervals indicated by gamma
logging and this has been confirmed by chemical assays as being due to uranium
mineralization. These drill tests were part of the recent drilling in the area
of a radon anomaly 1.5 km east of Bridle Lake. The mineralization extends for
more than 200 meters (660 feet) northwest-southeast. The assays carried out by
Loring Laboratories indicated that the highest grade interval was at shallow
depth (152 to 159 meters) in drill hole BR 18, returning 7.0 meters at an
average grade of 0.8 lbs/tonne of uranium. The assays were completed by Loring
Laboratories Ltd from drill core samples split by sawing.
    This width of mineralization may not be a true width but the bottom of
the intersection terminates against a fault structure. This opens the
possibility of a larger total original width of mineralization. Below the
fault, the radioactivity drops immediately to background levels of about
50 cps.
    A new drilling program will start in the next 10 days over two radon
anomalies located approximately 500 meters south of this mineralized zone on
the joint venture property. The radon anomalies were identified by recent
(September 2007) soil surveys that have allowed the targeting of not only
conductors indicated by ground and airborne geophysical surveys but also
potential uranium mineralization from which the radioactive radon gas is
released by the nuclear decay of the uranium and its radio-daughters
    The Carswell Project includes mineral tenure that adjoins the former
producer, Cluff Lake Mines, and covers more than 67,000 acres (27,000
hectares) of prospective uranium exploration lands. Cluff Lake Mines produced
more than 60 million pounds of uranium oxide during the period 1980 to 2002.
The Cluff Lake mineralization, with an average grade in the order of 0.85%
(17 lbs per ton) uranium oxide, was much shallower than that of most of the
other Athabasca Basin uranium mines and was extracted from a number of small
open pit mines and a few shallow underground mines.

    For reference, the current spot price reported by Bloomberg from
TradeTech LLC sources for uranium oxide is US$78 per pound of U3O8; this
represents the first price increase in spot uranium since June 2007.

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

    "Ben Ainsworth"
    B. Ainsworth, PEng BC, PEng Sask, Vice President, Exploration

    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, Toll Free: 1-866-629-0293, Email:

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