UTS releases results for the quarter ended June 30, 2008


    TSX Trading Symbol: UTS

    CALGARY, Aug. 5 /CNW/ - UTS Energy Corporation ("UTS" or the "Company")
announces that it has released its second quarter financial statements and
management's discussion and analysis for the quarter ended June 30, 2008.
    The second quarter financial statements and management's discussion and
analysis are available for viewing on our website at www.uts.ca and on SEDAR
at www.sedar.com.
    UTS will host a conference call and slide presentation to further discuss
the matters contained in this news release. The call will take place on
Wednesday, August 6, 2008 at 7:00 a.m. (Mountain) / 9:00 a.m. (Eastern). To
participate in the call:

        Live call participation:      416-644-3424 or 800-731-5774
        Recorded call playback:       877-289-8525
                                      passcode: 21278683 followed by the
                                      number sign (until September 6, 2008)
        Webcast (and slides):         www.uts.ca or

    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. UTS holds a 20% working interest in the Fort Hills
Project located north of Fort McMurray and the Sturgeon Upgrader to be located
to the northeast of Edmonton. Beyond the Fort Hills Project, through land
acquisitions and exploration program, UTS holds 50% working interest in an
additional 122,668 hectares (306,667 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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