Uranium One to Host Q1 2009 Results Conference Call

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

    VANCOUVER and JOHANNESBURG, May 5 /CNW/ - Uranium One Inc. ("Uranium
One") announced today that it will release its first quarter 2009 results
before markets open in Toronto on Monday, May 11, 2009.
    Uranium One has also scheduled a conference call and webcast for
investors and analysts at 10:00 a.m. (Eastern Time) on Monday, May 11, 2009.

    Live Conference Call and Webcast Access Information:

    North American callers please dial:              1-800-731-5319

    Local and international callers please dial:       416-644-3424

    A live webcast of the call will be available through CNW Group's website
at: www.newswire.ca/webcast

    A recording of the conference call will be available for replay for a two
week period beginning at approximately 12:00 p.m. (Eastern Time) on May 11,
2009 and can be accessed as follows:

    North American callers please dial:              1-877-289-8525;
    pass code 21305467

    Local and international callers please dial:       416-640-1917;
    pass code 21305467

    About Uranium One

    Uranium One is one of the world's largest publicly traded uranium
producers with a globally diversified portfolio of assets located in
Kazakhstan, the United States, Australia and South Africa.

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For further information:

For further information: Jean Nortier, Chief Executive Officer, Tel:
(604) 601-5642; Chris Sattler, Executive Vice President, Corporate Development
and Investor Relations, Tel: (416) 350-3657; For further information about
Uranium One, please visit www.uranium1.com

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Uranium One Inc.

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