Uranium One Temporarily Suspends Mine Operations at Dominion

    Trading Symbols: UUU - Toronto Stock Exchange, JSE Limited (Johannesburg
    Stock Exchange)

    VANCOUVER AND JOHANNESBURG, Oct. 10 /CNW/ - Uranium One Inc. today
announced that it has temporarily suspended mine operations at the Dominion
Uranium Project in South Africa.
    Today's action follows labour disruptions this week at the Project, which
culminated in a general illegal strike. Notwithstanding repeated Company
directives to end the strike and a court order issued yesterday by the Labour
Court of South Africa prohibiting the continuation of the illegal strike, a
majority of the labour force at Dominion has refused to return to work. In
light of the refusal to comply with the court order, the Company has today
begun the process of issuing termination notices to the striking workers at
Dominion. In the meantime, the Company is actively exploring all options
available to it at Dominion.

    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 uranium1.com.

    %SEDAR: 00005203E

For further information:

For further information: Jean Nortier, Chief Executive Officer, Tel:
(604) 601 5642; Chris Sattler, Senior Vice President, Corporate Development
and Investor Relations, Tel: (416) 350 3657

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Uranium One Inc.

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