Uranium One Announces Addition to Management Team

    Trading Symbols: SXR - Toronto Stock Exchange, JSE Limited (Johannesburg
    stock exchange)

    TORONTO and JOHANNESBURG, South Africa, June 14 /CNW/ - Uranium One Inc.
("Uranium One") is pleased to announce the appointment of Fletcher Newton as
Executive Vice President for Corporate and Strategic Affairs, effective
July 1, 2007.
    Mr. Newton has over 17 years of experience in the nuclear fuel industry
and for the past three years has been the Chief Executive Officer for Power
Resources Inc., the U.S. subsidiary of Cameco Corporation. He was part of the
original team that negotiated the HEU Feed Agreement among Tenex, Cameco,
Areva and Nukem, and helped to negotiate the agreement between Cameco and
Kazatomprom for the creation of the Inkai Joint Venture. Most recently, Mr.
Newton has worked closely with the U.S. Congress and Department of Energy to
develop a strategy for the future use of U.S. government uranium inventories.
    Mr. Newton is a graduate of Harvard College, where he received his degree
Magnum Cum Laude in Soviet Studies, and also holds degrees from the University
of Denver College of Law and the University of Leningrad (St. Petersburg)
Department of Slavic Languages and Literature. He has lived and worked in
Russia and the former Soviet Union and is fluent in Russian.
    Mr. Newton will be based in Denver, Colorado and will provide strategic
guidance for Uranium One's international relations, development of operations
in the United States and representation in the U.S. nuclear fuel industry.

    Uranium One President and CEO Neal Froneman commented:

    "We are delighted to have Fletcher join the Uranium One team. Fletcher's
high level relationships and background in the uranium sector will be of
critical importance as we execute on our plans to become a senior uranium
company. Uranium One is emerging as the preferred employer in this sector and
we expect to announce additional high level management appointments and depth
to our operational team in the near future."

    About Uranium One

    Uranium One Inc. is a Canadian-based uranium producing company with a
primary listing on the Toronto Stock Exchange and a secondary listing on the
JSE Limited (the Johannesburg stock exchange). The Corporation owns 70% of the
operating Akdala Uranium Mine in Kazakhstan and is also developing the South
Inkai and Kharasan Uranium Projects in Kazakhstan. Uranium One owns the
Dominion Uranium Project in South Africa, as well as the Honeymoon Uranium
Project in South Australia. The Corporation recently acquired the Shootaring
Canyon Mill and associated assets in the western United States. Uranium One is
also engaged in uranium exploration activities in the Athabasca Basin of
Saskatchewan, South Africa, Australia and the Kyrgyz Republic.

    Cautionary Statement

    No stock exchange, securities commission or other regulatory authority
    has approved or disapproved the information contained herein.

    For further information about Uranium One, please visit www.uranium1.com

    %SEDAR: 00005203E

For further information:

For further information: Neal Froneman, Chief Executive Officer, Tel: +
27 11 482 3605; Chris Sattler, Senior Vice President, Investor Relations, Tel:
(416) 350-3657

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Uranium One Inc.

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