Uracan triples strike length of Double S Zone on North Shore Property, Quebec; Which remains open




    HIGHLIGHTS:

    
    -   strike length increased from 200 meters to 725 meters and remains
        open and down dip.
    -   geological mapping and radiometrics indicates potential multi-
        kilometer strike length
    -   drilling indicates 2 parallel, shallow dipping, stacked mineralized
        structures
    -   8 new holes reported; drilling ongoing at Double S
    

    Trading Symbol: (TSX - V): URC

    VANCOUVER, Aug. 2 /CNW/ - Uracan Resources Ltd. (the "Company") is
pleased to announce that it has received additional assay results from the
ongoing diamond drilling program on the Double S Occurrence within the  900
Km(2) North Shore Uranium Property in Quebec. Mineralization has been extended
from the initial 200 meter strike length to over 725 meters of strike length
defined by diamond drilling. This mineralization is open along strike in both
directions and at depth.
    Significant results from the recent drill program include:  0.036%
U(3)O(8) over 24.3 meters (0.72 lbs/ton over 79.7 feet) within a 107.3 meter
interval grading 0.018% U(3)O(8) (0.37 lbs/ton over 352 feet) -  (SS-07-29)
and 0.025% U(3)O(8) over 17.6 meters (0.5 lbs/ton over 56.8 feet) and 0.018%
U(3)O(8) over 26.2 meters (0.35 lbs/ton over 86 feet) - (SS-07-26).
    In addition, the extension of hole SS-07-23 expanded the mineralized zone
previously announced in the May 17, 2007 news release. The mineralized
intervals has been increased to a total of 159.8 meters of 0.022% U(3)O(8)
(524 feet of 0.45 lbs/ton) from the previously announced 124 meters of 0.025%
U(3)O(8) (406.8 feet of 0.5 lbs/ton U(3)O(8)).
    The drilling completed to date outlines at least two shallow northeast
dipping mineralized zones in the Double S area over the currently defined
strike length of 725 meters. This mineralization is open along strike to the
north and to the south as well as down dip. Drilling is ongoing to define
further mineralization within the Double S Occurrence.
    Scintillometer surveys, mapping and prospecting are continuing to define
further targets within airborne radiometric anomalies in the Double S area.
This field work indicates the potential for almost 6 kilometers of total
strike length in the overall Double S area. Assays from the field work along
strike are pending.

    Double S Drilling

    An additional 2,145 meters of diamond drilling in 8 drill holes has been
completed on the Double S occurrence since the previous May 17 news release.
The drill holes were planned to determine the down dip potential of the
uranium mineralization seen at surface. The shallow northeast dip of the
mineralization is modeled based on surface mapping of outcrop exposures and
the diamond drill holes completed to date.
    In the new holes, SS-07-29 graded, from surface, 0.036% U(3)O(8) over
24.3 meters within a 107.3 meters interval grading 0.018% U(3)O(8). The
mineralization seen in SS-07-29, a scissor hole to SS-07-23 confirms the wide
intervals and grades of the zones seen in SS-07-23.
    SS-07-26 encountered two mineralized zones. The first starting from
74.2 meters down hole graded 0.025% U(3)O(8) over 17.6 meters. The second
starts at 115.3 meters down hole and grades 0.018% U(3)O(8) over 26.2 meters.
    SS-07-24 encountered 40.1 meters of 0.013% U(3)O(8) from surface,
including 9 meters of 0.023% U(3)O(8). A second mineralized zone was
encountered starting at 154.6 meters down hole grading 0.016% U(3)O(8) over
19.6 meters.
    SS-07-28 drilled 64.7 meters grading 0.012% U(3)O(8) starting at
80.9 meters down hole. This mineralization is a broad zone of continuous
uranium mineralization across the entire 64.7 meter interval. This drill hole
is up dip from SS-07-26.
    The extension of hole SS-07-23 expanded the uranium mineralization
encountered in the initial 125 meters (0.025% U(3)O(8) over 124 meters
including 0.04% U(3)O(8) over 40 meters) to a total of 0.022% U(3)O(8) over
159.8 meters. A second mineralized zone was intersected starting at
289.2 meters grading 0.017% U(3)O(8) over 19.8 meters, which appears to be
parallel to the main zone above it.
    The extension of drill hole SS-07-22 expanded the mineralization seen in
the upper 125 meters of the drill hole to a total of 106.3 meters grading
0.012% U(3)O(8). In addition a second mineralized zone was encountered in the
drilling, starting at 254 meters down hole. A total of 10.6 meters grading
0.012% U(3)O(8) was encountered in this second zone.
    SS-07-25 and SS-07-27 intercepted narrower intervals of uranium
mineralization. SS-07-27 contained a large number of gneiss xenolith
inclusions which were not mineralized. This hole was drilled on the same
section as SS-07-26 and 28. SS-07-25 appears to have later unmineralized dykes
cross cutting the mineralized zone at this location.

    
    A summary of significant mineralized zones is included below:

    -------------------------------------------------------------------------
                                                          U(3)- U(3)-
                       From  To  Length  From  To  Length O(8)  O(8)
    Area   Drill Hole  (m)   (m)   (m)   (ft) (ft)  (ft)    %   lbs/t
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-22  27.3 133.6 106.3  89.6 438.3 348.7 0.012 0.25  27.3 to
                                                                         125m
                                                                      previo-
                                                                         usly
                                                                     released
    -------------------------------------------------------------------------
    Double S Includes  27.3  31.5   4.2  89.6 103.3  13.8 0.026 0.52
                                                                      previo-
                                                                         usly
                                                                     released
    -------------------------------------------------------------------------
    Double S   and       56    68    12 183.7 223.1  39.4 0.018 0.37  previo-
                                                                         usly
                                                                     released
    -------------------------------------------------------------------------
    Double S   and       80  93.5  13.5 262.5 306.8  44.3 0.024 0.48  previo-
                                                                         usly
                                                                     released
    -------------------------------------------------------------------------
    Double S SS-07-22   254 264.6  10.6 833.3 868.1  34.8 0.012 0.24
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-23     1 160.8 159.8   3.3 527.6 524.3 0.022 0.45     1 to
                                                                         125m
                                                                      previo-
                                                                         usly
                                                                     released
    -------------------------------------------------------------------------
    Double S Includes     1    30    29   3.3  98.4  95.1 0.040 0.81  previo-
                                                                         usly
                                                                     released
    -------------------------------------------------------------------------
    Double S   and     41.8    56  14.2 137.1 183.7  46.6 0.029 0.57  previo-
                                                                         usly
                                                                     released
    -------------------------------------------------------------------------
    Double S SS-07-23 289.2   309  19.8 948.8 1013.8 65.0 0.017 0.34
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-24   0.5  40.6  40.1   1.6 133.2 131.6 0.013 0.26
    -------------------------------------------------------------------------
    Double S includes  18.5  27.5     9  60.7  90.2  29.5 0.024 0.48
    -------------------------------------------------------------------------
    Double S   and     39.1  40.6   1.5 128.3 133.2   4.9 0.033 0.67
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-24  81.8  87.8     6 268.4 288.1  19.7 0.024 0.48
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-24 154.6 174.2  19.6 507.2 571.5  64.3 0.016 0.32
    -------------------------------------------------------------------------
    Double S includes 155.5 166.8  11.3 510.2 547.2  37.1 0.021 0.41
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-25 265.2 267.8   2.6 870.1 878.6   8.5 0.025 0.50
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-26  74.2  91.5  17.3 243.4 300.2  56.8 0.025 0.51
    -------------------------------------------------------------------------
    Double S includes  74.2  75.7   1.5 243.4 248.4   4.9 0.099 1.98
    -------------------------------------------------------------------------
    Double S   and     88.5  91.5     3 290.4 300.2   9.8 0.066 1.33
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-26 115.3 141.5  26.2 378.3 464.2  86.0 0.018 0.35
    -------------------------------------------------------------------------
    Double S includes 121.3   128   6.7 398.0 419.9  22.0 0.032 0.65
    -------------------------------------------------------------------------
    Double S   and    132.9 135.2   2.3 436.0 443.6   7.5 0.034 0.68
    -------------------------------------------------------------------------
    Double S SS-07-28  80.9 145.6  64.7 265.4 477.7 212.3 0.012 0.24
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-28 185.8 186.8     1 609.6 612.9   3.3 0.023 0.45
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-29   1.2 108.5 107.3   3.9 356.0 352.0 0.018 0.37
    -------------------------------------------------------------------------
    Double S includes  11.2  35.5  24.3  36.7 116.5  79.7 0.036 0.72
    -------------------------------------------------------------------------
    Double S   and     83.5  89.5     6 273.9 293.6  19.7 0.040 0.80
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-29 130.5 150.7  20.2 428.1 494.4  66.3 0.015 0.29
    -------------------------------------------------------------------------
    

    Drill hole location information and a complete listing of assay results
will be posted on the Uracan website: www.uracan.ca.

    QA/QC
    -----
    Samples were shipped by company personnel in sealed containers to Chemex
Laboratories of Val D'Or, Quebec for analysis. Chemex is the laboratory
facility used for all assays from the North Shore Property program. Samples
are weighed and catalogued before sample preparation. The samples are crushed
to 70% less than 2mm, split and the pulverized to 85% of the sample being less
than 75 (micro)m. All samples are assayed using ICP-MS with analysis completed
for 47 elements.
    A QA/QC program was implemented as part of the sampling procedure for the
drill program. Field duplicates and field blanks were inserted into the sample
stream with at least one blank and one duplicate inserted per group of 40
samples sent to the laboratory. Uracan does not have a uranium standard to
insert into the sample stream at this time. The laboratory also has an
extensive in house QAQC system as part of their quality control system.

    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, OR Marc
Simpson, Exploration Manager, (604) 682-5580; Keith Schaefer, Vanguard
Shareholder Solutions Inc., (604) 608-0824, www.vanguardsolutions.ca

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