UTS Energy Corporation - Third Quarter Financial Results and Conference Call Advisory

    TSX Trading Symbol: UTS

    CALGARY, Oct. 30 /CNW/ - UTS Energy Corporation will be releasing its
fiscal 2008 third quarter financial results and hosting a conference call to
discuss them.

        Results will be issued at 5:30 pm EST/3:30 pm MST on Wednesday,
        November 5, 2008
        Conference call will be at 9:00 am EST/7:00 am MST on Thursday,
        November 6, 2008

    The conference call will consist of formal remarks followed by a question
and answer session. Participants will be:

        Will Roach, President and Chief Executive Officer
        Wayne Bobye, Vice President and Chief Financial Officer
        Howard Lutley, Vice President, Mining and Extraction
        Martin Sandell, Vice President, Engineering
        Daryl Wightman, Vice President, Resource Development and Business
        Jina Abells Morissette, Corporate Secretary

    An on-line slide presentation will accompany the presentation.

        Live call participation: 416-646-3095 or 866-249-1964
        Recorded call playback:  877-289-8525 passcode: 21287883 followed by
                                 the number sign (until December 6, 2008)
        Webcast (and slides):    www.uts.ca or

    The replay of the Webcast is available for 90 days at http://www.uts.ca

    UTS is focused on the creation of shareholder value through exploration,
development, production and upgrading of bitumen from the Athabasca oil sands
deposits in north-eastern Alberta. UTS was instrumental in re-establishing the
Fort Hills Oil Sands Project and is the principal founder of the Fort Hills
Energy Limited Partnership. The Fort Hills Project, located 90 kilometres
north of Fort McMurray, is held by UTS with a 20% working interest, Teck with
a 20% working interest and Petro-Canada with a 60% working interest and
operatorship. Beyond the Fort Hills Project, through land acquisitions and
exploration program, UTS holds 50% working interest in an additional
113,964 hectares (284,907 acres) of oil sands prospective leases located
primarily on the west side of the Athabasca River. UTS is committed to
responsible resource development by conducting its business in a manner that
reduces environmental effects, protects workers' and communities' health and
safety and recognizes stakeholder interests.
    Based in Calgary, Alberta, UTS' common shares (UTS) are traded on the
Toronto Stock Exchange.

For further information:

For further information: Dr. William J. F. Roach, President and Chief
Executive Officer, or Wayne I. Bobye, Vice President and Chief Financial
Officer at (403) 538-7030

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