Uracan announces $6 million financing


    Trading Symbol: (TSX - V): URC

    VANCOUVER, Dec. 6 /CNW/ - Uracan Resources Ltd. (the "Company") intends
to complete a private placement (non-brokered) of 10 million units at
$0.60 per unit. Each unit consists of a share and half a warrant to purchase
an additional share for two years at $1.00 per share. A portion of the units,
to be determined by the Company, will be issued on a flow through basis under
Canadian taxation law. Proceeds of $6 million will be used to fund the ongoing
exploration programs at the Company's North Shore project in Quebec and its
Pipewrench Lake project in Saskatchewan, as well as for working capital.
Closing is expected to take place before the end of 2007 and is subject to
acceptance by the TSX Venture Exchange.

    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, OR John
Sutherland, CFO, (604) 682-5580; Keith Schaefer, Vanguard Shareholder
Solutions Inc., (604) 608-0824, www.vanguardsolutions.ca

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Uracan Resources Ltd.

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