The K2 Principal Fund L.P. acquires common shares of Nu Energy Uranium Corporation



    TORONTO, Aug. 1 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that
it has acquired common shares of Nu Energy Uranium Corporation ("Nu Energy").
As a result of the acquisition of such shares, K2 owns 2,401,900 common
shares, representing approximately 9.11% of the issued and outstanding common
shares of Nu Energy.
    The common shares were purchased by K2 in the open market on the TSX
Venture Exchange. K2 acquired the securities for investment purposes only and
may, depending on market and other conditions, increase or decrease its
beneficial ownership, control or direction over, or exercise its current
rights to acquire, common shares or other securities of Nu Energy through
market transactions, private agreements or otherwise.




For further information:

For further information: Dan Gosselin, The K2 Principal Fund L.P., (416)
365-2155

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K2 Principal Fund L.P.

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