Uranium One to Host Second Quarter 2008 Results Conference Call

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

    VANCOUVER and JOHANNESBURG, Aug. 6 /CNW/ - Uranium One Inc. ("Uranium
One") announced today that it will release second quarter 2008 results before
markets open in Toronto on Wednesday, August 13, 2008. The company has also
scheduled a conference call and webcast for investors and analysts at
10:00 a.m. (Eastern Time) on Wednesday, August 13, 2008.

    Live Conference Call and Webcast Access Information:

    North American callers please dial:              1-800-587-1893

    Local and international callers please dial:     416-915-5763

    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. on August 13, 2008 and can
be accessed as follows:

    North American callers please dial:              1-877-289-8525;
                                                     pass code 21279862

    Local and international callers please dial:     416-640-1917;
                                                     pass code 21279862

    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 and Australia.

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For further information:

For further information: Jean Nortier, Interim Chief Executive Officer,
Tel: + 27 11 482 3605; Chris Sattler, Senior 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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