UraMin Inc. ("UraMin" or "the Company") - Block admission - Schedule 8 notification

    TORONTO, June 14 /CNW/ - UraMin Inc. announces details of shares issued
under the Block Admission Arrangement announced on 21 June 2006.

    Name of the scheme                   2005 Warrants Block Admission

    Period of return                     From 16 December 2006 to 31 May 2007

    Number and class of securities not   17,627,968 Ordinary Shares of no par
    issued under the scheme at the       value
    start of the period

    Number of securities issued under    8,300,472
    the scheme during the period

    Balance under the scheme of          9,327,496
    securities not yet issued at the
    end of the period

    Number and class of securities       174,175,792 Ordinary Shares of no
    originally admitted and the date     par value each, admitted 21 April
    of admission                         2006

    Total number of securities in        277,808,763
    issue at the end of the period

    UraMin (www.uramin.com) was established in 2005 to acquire and develop
mineral properties, predominantly uranium. Following the private placement the
Company currently has working capital of approximately US$285 million and a
market capitalization of approximately US$2 billion on an undiluted basis.
UraMin (www.uramin.com) is traded on the Alternative Investment Market of the
London Stock Exchange plc and the Toronto Stock Exchange under the symbol UMN.
    UraMin is currently focusing on the development of its advanced stage
exploration projects at Trekkopje in Namibia, Bakouma in the Central African
Republic and Ryst Kuil in South Africa. Through a South African joint venture,
UraMin also enjoys additional prospecting license applications for important
uranium deposits in the Karoo, South Africa. No assurance can be given that
remaining applications for prospecting licenses will be successful.

    Forward-Looking Statements:

    This press release contains statements that are "forward-looking".
Generally, the words "expect," "intend," "estimate," "will" and similar
expressions identify forward-looking statements. By their very nature,
forward-looking statements are subject to known and unknown risks and
uncertainties that may cause our actual results, performance or achievements,
or that of our industry, to differ materially from those expressed or implied
in any of our forward-looking statements. Statements in this press release
regarding the Company's business or proposed business, which are not
historical facts, are "forward looking" statements that involve risks and
uncertainties, such as estimates and statements that describe the Company's
future plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in such
    Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.

For further information:

For further information: Neil Herbert, Finance Director, Tel: +27 11 783
5056; Nominated Advisor: Canaccord Adams Limited, Robin Birchall, Tyler Broda,
Tel: +44 20 7050 6500; Toronto: Steve Vaughan, Tel: (416) 643-6924

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