Trench results up to 9.7 meters of 0.027% U3O8 from Pipewrench Lake Property, Saskatchewan

    TSX-V Symbol: URC

    VANCOUVER, Feb. 26 /CNW/ - Uracan Resources Ltd. (the "Company") is
pleased to announce that it has received the final trenching results from the
summer 2007 work program at its 100% owned Pipewrench Lake Property in
Saskatchewan. Wide zones of uranium mineralization in the initial results
convinced management to begin a 2500 m drill program on the property which is
currently underway.
    These additional trenching results are from the Narrows Lake and Portage
showings. Values up to 0.027% over 9.7 meters at Narrows Lake and 0.015% over
13.3 meters at the Portage showing were assayed from channel sampling.
    Narrows Lake has had limited historical drilling in the late 1960's and
1970's. This drilling encountered uranium mineralization with widths and
grades of up to 18.29 meters of 0.073% U3O8 and 13.66 meters of 0.06% U3O8.
These mineralized intervals appear to extend under overburden cover or shallow
water bodies at surface based on geological mapping and prospecting.
    The trenching at Narrows Lake extended over a limited area of exposure on
the extreme eastern edge of a peninsula approximately 350 meters long, with
the mineralization being open along strike in both directions, appearing to
extend under the Narrows Lake to the north and south. Geological mapping
indicates that the structure hosting the mineralized outcrops occurs as a
tight synformal fold structure. Mineralization is hosted by mineralized
pegmatite and pelitic gneisses. Management believes that the potential to
extend mineralization at the Narrows Lake showing is very good. Follow up
diamond drilling on the Narrows Lake showing is planned for February-March
    The Portage Showing is also host to significant uranium mineralization,
with 0.015% over 13.3 meters encountered in channel sampling. Mineralization
is also thought to be wider than noted in trenching as mineralization appears
to extend under overburden cover to the east based on geological mapping of
the showing.
    Mineralization at the Portage showing is hosted by mineralized pegmatite
and pelitic gneisses. The exact structural setting of the mineralized zone at
Portage is uncertain, but is thought to be an antiformal fold structure based
on geological mapping of the area. The topographic low hosting the Portage
showing's mineralized outcrop extends for approximately 275 meters. It is not
known at this time the extent of mineralization at the Portage showing.
    The Portage Zone has had no historic drilling and represents a new target
for Uracan's 2008 diamond drilling program. Please refer to our website for a
map outlining the areas of interest on the Pipewrench Lake property and for
the complete listing of trench results which will be posted on the website shortly.
    Selected trench results are shown in the table below:

       Showing         Trench            Length (m)           U3O8%
    Narrows Lake      TLNL-003A             1.6               0.028
    Narrows Lake      TLNL-004A-B-C         9.7               0.027
    Narrows Lake      TLNL-004E-F            7                0.015
       Portage        TLPT-001B            13.3               0.015
       Portage        TLPT-002B             0.5               0.296
       Portage        TLPT-002C             0.6               0.034
       Portage        TLPT-002E             0.8               0.043
       Portage        TLPT-002F             0.9               0.038
       Portage        TLPT-003A             0.6               0.015

    The Portage trench series TLPT-002 consisted of a number of channel
samples collected along the limited exposure along strike from the mineralized
zone noted in TLPT-001B. Due to overburden thickness these channel samples
ended in mineralization on both contacts. Management believes the potential
for extending the mineralization noted in the Portage showing to be very good.
Follow up diamond drilling on the Narrows Lake showing is planned for
February-March 2008.
    Diamond drilling is currently underway on the Pipewrench North showing,
where 2007 channel sampling outlined uranium mineralization of up to
4.8 meters of 0.056% U3O8. Once drilling on the Pipewrench Lake North showing
is completed, the drill will be moved to the Narrows Lake and Portage showings
in February-March 2008.
    The Pipewrench North, Narrows Lake and Portage showings form part of
Uracan's Pipewrench Lake Property which is located within the Wollaston Domain
of the Canadian Shield. The Wollaston Domain forms the basement rocks of the
majority of the uranium deposits in the Athabasca Basin, and is highly
prospective for near surface uranium mineralization in areas outside the
Athabasca basin.
    Samples were shipped in sealed containers to SRC Geoanalytical
Laboratories of Saskatoon, Saskatchewan for analysis. SRC Geoanalytical
Laboratories is the laboratory facility used for all assays from the
Pipewrench Lake Property program.

    Uracan Resources Ltd. is a publicly-listed uranium exploration company,
exploring for shallow, bulk tonnage style of uranium mineralization in Canada.
Uracan is led by a team of proven exploration and mine entrepreneurs and
mine-builders. The information in this news release has been prepared and
reviewed by Marc Simpson, P. Geo., the Company's Qualified Person under
National Instrument 43-101 standards.

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. The foregoing
information may contain forward-looking statements relating to the future
performance of Uracan Resources Ltd. Forward-looking statements, specifically
those concerning future performance, are subject to certain risks and
uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in the Company's filings with the
appropriate securities commissions.

For further information:

For further information: Gregg J. Sedun, President and CEO, (604)
682-5580; Marc Simpson, Exploration Manager, (604) 682-5580; Keith Schaefer,
Vanguard Shareholder Solutions, (604) 608-0824

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