New Horizon Uranium Announces Uranium Drilling Results at the Sand Creek - Converse Joint Venture, Converse County, Wyoming



    GOLDEN, COLO., August 27 /CNW/ - New Horizon Uranium Corporation (TSX
VENTURE: NHU) is pleased to announce favorable uranium results from its
initial drilling program recently completed at its Sand Creek - Converse
Project, located in Converse County, Wyoming.

    New Horizon completed 16 rotary drill holes totaling approximately 11,700
feet on the Sand Creek target area during June and July 2007. A portion of
three of the rotary holes were core drilled for further sampling and analysis.
This drilling follows 14 rotary drill holes completed in November-December,
2006.

    Thirteen of the recent sixteen drill holes were in the area of historic
drilling in the early 1980's by Canyon Resources and Elf Aquitaine. Current
drilling focused on the 3,000 foot mineralization trend previously identified
by Canyon Resources-Elf Aquitaine and extended the mineral zone by a further
3,500 feet. Three of the current drill holes were wide-spaced step out tests
to the south and east along suspected paleo channels in the host White River
Formation.

    All but three of the drill holes intercepted anomalous uranium values,
with three holes, SR07-9, SR07-10 and SR07-11, showing significant grades.
Highlights follow:

    --  Hole SR07-9, located along the Canyon-Elf Aquitaine trend in the
northern portion of Section 29, intercepted 10 feet grading 0.119% uranium
oxide (eU3O8) including 4.5 feet grading 0.241% eU3O8.

    --  Hole SR07-11, located northeast of hole SR07-9 on the same trend,
graded 0.142% eU3O8 over 13.5 feet, with six feet grading 0.288% eU3O8.

    --  Drill hole SR07-10, located south of hole SR07-9, intercepted seven
feet grading 0.075% eU3O8 with 3.5 feet grading 0.133% eU3O8. This hole,
located significantly south of the main trend in Section 29, may indicate a
previously unknown mineral trend.

    Observed lithology and probe results of the holes drilled indicate two
extensive zones of uranium mineralization with very distinct host rock
assemblages. These two zones are identified as zone 'A', the upper zone, and
Zone 'B', the lower zone. The zones are defined by their stratigraphic
position and the character of the sandstone or siltstone host rocks. The A
zone is comprised of finer grained sandstone and siltstone host rock with
locally conspicuous clay horizons. The B zone is a more coarse-grained
sandstone and conglomerate horizon which is essentially clay free.

    While New Horizon has not yet conducted tests of in-situ recovery ("ISR")
amenability, we are encouraged by the lithology in the holes and the 'grade
thicknesses' encountered in the drilling. Grade thickness (GT) is a term used
in uranium exploration which is a measure of the grade in percent times
thickness in feet. As an example drill hole SR07-10 has a grade thickness of
0.075% x 7' = 0.525 GT. A GT value of 0.20 or greater is considered
geologically significant.

    Grade thicknesses ranging from 0.052 to 1.190 GT were encountered in the
more favorable 'B' zone sands in 11 of the 16 holes. Three of the drill holes
are 'twins' of earlier Canyon Resources holes, with coring of selected
intervals in zones which contain mineralization grades and host rock
characteristics potentially amenable to ISR methods.

    The fourteen holes drilled in late 2006 contain GT's ranging from 0.085
to 0.931, and six of these intercepts were in the 'B' sands. Of the total 30
holes drilled to date, 26 were found to contain significant anomalous uranium
values.

    Portions of Holes SR07-8 (708 foot to 728 foot depth), SR07-9 (698 foot
to 719 foot depth) and SR07-13 (612 foot to 636 foot depth) were core drilled
with that core now being prepared for chemical analyses to determine chemical
disequilibrium ratios in the uranium mineralization. Disequilibrium is the
term for the relationship of uranium determined by 'Gamma' electric logging in
the field (eU3O8), versus the chemical assay of contained uranium in rock or
drill core. Further geologic studies are underway with results expected in 45
to 60 days.

    Upon completion of the disequilibrium tests and further analysis of the
thirty holes from the current program, New Horizon plans to complete an
additional drilling program of rotary hole drilling at Sand Creek later in
2007. This planned program will fill in areas to nominal 150 to 300 foot
centers along the White River trend and add up to ten more step out holes in
known mineralized but less explored areas.

    The Sand Creek - Converse Joint Venture is operated by New Horizon on
behalf of its joint venture partners, Canyon Resources Corporation (AMEX:  CAU)
and Energy Metals Corporation (TSX:EMC) (NYSE:  EMU).

    Bill Wilson, President and COO of New Horizon, said, "We are pleased with
the results of this phase of drilling on Sand Creek, which not only has
confirmed the previously indicated uranium mineralization, but has
substantially extended the target zone. We look forward to further work later
this year to continue to delineate the extent and nature of this
mineralization and to begin tests to determine its applicability for in-situ
recovery."

    The following table indicates uranium intercepts for the sixteen holes
completed during the recent drilling program (June-July, 2007):

    

                                                                Grade %
       Drill Hole         From          To          Feet          eU3O8
    ----------------- ------------ ------------ ------------- ------------

    SR07-1                   749.5        759.0           9.5        0.019
                                      Including           3.5        0.028
                             774.5        776.5           2.0        0.022
                             779.5        782.5           3.0        0.031
                             801.0        805.5           4.5        0.022

    SRO7-2                   780.5        785.5           4.5        0.018

    SRO7-3                   771.0        776.5           5.5        0.022
                             789.5        802.5          13.0        0.056
                                      Including          10.5        0.066

    SRO7-4                   657.5        665.5           8.0        0.019

    SRO7-5                   749.0        750.5           1.5        0.022
                             787.5        799.5          12.0        0.030
                                      Including           5.0        0.050

    SRO7-6                   679.5        681.0           1.5        0.020
                             762.5        772.5          10.0        0.027
                                      Including           4.0        0.042

    SRO7-7                   765.0        766.5           1.5        0.020
                             824.5        826.0           1.5        0.019
                             832.0        848.0          16.0        0.032
                                      Including           8.5        0.048

    SRO7-8                   647.5        649.0           1.5        0.018
                             711.5        728.0          16.5        0.034
                                      Including           5.5        0.052
                                      Including           1.5        0.064
                             735.5        738.5           3.0        0.024

    SRO7-9                   700.5        710.5          10.0        0.119
                                      Including           4.5        0.241

    SRO7-10                  665.0        672.0           7.0        0.075
                                      Including           3.5        0.133

    SRO7-11                  589.0        602.5          13.5        0.142
                                      Including           6.0        0.288
                             674.0        676.0           4.0        0.016

    SRO7-12                  649.0        655.0           6.0        0.030
                                      Including           3.0        0.045

    SRO7-13                  629.0        632.0           3.0        0.022
                             643.0        644.5           1.5        0.017
                             646.0        648.5           2.5        0.023

    SRO7-14                  602.0        611.0           9.0        0.031
                                      Including           3.5        0.058
                             645.0        647.0           2.0        0.026

    SRO7-15 No significant values

    SRO7-16 No significant values
    

    The following table indicates uranium intercepts for the 14 drill holes
completed during the drilling program conducted last year (November-December,
2006):

    
       Drill Hole       From          To         Feet      Grade % eU3O8
    ---------------- ----------- ------------ ---------- -----------------

    SR06-1                 775.0        785.5       10.5             0.066
                                    Including        2.0             0.146
                           793.0        797.0        4.0             0.031

    SR06-2                 735.5        738.0        2.5             0.038
                           755.0        767.0       12.0             0.054
                                    Including        4.0             0.093

    SR06-3                 711.5        713.0        1.5             0.031
                           724.0        726.5        2.5             0.031

    SR06-4                 650.0        651.5        1.5             0.046

    SR06-5                 696.0        696.5        0.5             0.027

    SR06-6                 648.5        653.5        5.0             0.031

                                                            local
                                                             anomalies
                                                             to 1,000
    SR06-7                 631.0        653.0       22.0     counts/second



    SR06-8                 597.5        598.5        1.0             0.025
                           601.5        607.0        5.5             0.021

    SR06-9                 613.0        614.0        1.0             0.026

    SR06-10 No significant values

    SR06-11                740.0        743.5        3.5             0.024
                           754.0        755.5        1.5             0.017

    SR06-12                622.5        625.5        3.0             0.022
                           710.5        714.0        3.5             0.017
                           722.0        725.0        3.0             0.017

    SR06-13                685.0        686.5        1.5             0.024
                           728.5        733.0        4.5             0.016
                           758.0        762.5        4.5             0.018

    SR06-14                542.5        547.5        5.0             0.021
    

    Note to Editors: The "3" and "8" in eU3O8 are both subscript.

    Qualified Person

    This press release has been reviewed by William R. Wilson (Aus.I.M.M.),
the Company's President and Chief Operating Officer and a "qualified person"
(as such term is defined in National Instrument 43-101).

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

    This summary contains forward-looking statements; these statements relate
to future events or future performance and reflect management's current
expectations and assumptions. Such forward-looking statements reflect
management's current beliefs and are based on information currently available
to the management of New Horizon. A number of factors could cause actual
events, performance or results to differ materially from the events,
performance and results discussed in the forward-looking statements. These
forward looking statements are made as of the date hereof, and New Horizon
does not assume any obligation to update or revise them to reflect new events
or circumstances.




For further information:

For further information: New Horizon Uranium Corporation William R.
Wilson, 303-422-7803 President and Chief Operating Officer Fax: 303-940-9572
or Joseph B. Young, 303-938-6854 Investor Relations

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