Uranium One Ticker Symbol Changing Effective August 20, 2007



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

    TORONTO, and JOHANNESBURG, South Africa, Aug. 16 /CNW/ - Uranium One Inc.
announced today that, effective August 20, 2007, its stock ticker symbol on
the Toronto Stock Exchange (TSX) and the JSE Ltd. (Johannesburg Stock
Exchange) will be changed from "SXR" to "UUU". The Company's symbol for its
convertible debentures, which also trade on the TSX, will change from "SXR.DB"
to "UUU.DB" at the same time.
    This change is being made to better reflect the Company's recent
corporate name change and to simplify its corporate branding.

    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. In the United States, Uranium One has extensive
property holdings in Wyoming, Texas, Utah and New Mexico, including the
Shootaring Canyon Mill and the Hobson ISR facility. Uranium One is also
engaged in uranium exploration activities in the United States, 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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