Admission to AIM

Niger Uranium Limited
12 September 2007


For Immediate Release                                          12 September 2007


                             Niger Uranium Limited

                       ('Niger Uranium' or the 'Company')


                                Admission to AIM


Niger Uranium (URU) has commenced trading on AIM today.


Niger Uranium was incorporated in May 2007. The Company will consider uranium
projects worldwide as an active investor and will focus initially on the State
of Niger. Niger has been mining uranium since 1971 and past production from
Niger's two operating mines exceeds 100,000 tonnes of uranium (approximately 220
million lbs of U3O8) to the end of 2006.

Following incorporation, the Company agreed to acquire the Nigerien exploration
properties of NWT Uranium Inc ('NWT') which are located in the same geographic
area as Niger's two producing Areva uranium mines. In addition, the Company
agreed to acquire Nigerien exploration properties of UraMin Inc ('UraMin'). The
combined exploration prospects (the 'Prospects') cover a total of 1,673,644
acres (equivalent to 6,773 square kilometres) and are all located in the Tim
Mersoi basin in Niger. The Tim Mersoi basin is a recognised uranium province.

The transfer of the exploration properties to the Company is subject to the
authorisation of the Niger State Minister of Mines. The Directors are not aware
of any reason why authorisation will not be received from the State (Minister of
Mines). However, no assurance can be given that such authorisation will be
provided.

Prospective investors should note that the Company has not prepared a resource
classification of any kind, and particularly not under any of the modern
standards such the JORC Code, SAMREC, IMMM or CIM Standards.

The Directors believe that the Company has the financial and technical resources
at its disposal and in particular, to fast-track its exploration programme on
the Prospects in Niger. Prior to Admission, the net cash balances of the Company
amounted to approximately US$28 million.

Previous exploration results have enabled the delineation of high-priority
areas. MSA Geoservices PTY (Limited) has prepared a competent persons report in
the exploration properties (which is included in full in the Admission
Document).

The Company will also consider other uranium opportunities worldwide. The
Company's interest in a proposed investment and/or acquisition may range from a
minority position to 100 per cent. ownership. The proposed investments may be
either quoted or unquoted and may be in companies, partnerships, earn-in joint
ventures, debt or other loan structures, joint ventures or direct interests in
natural resources projects.

The Directors intend to actively monitor any investments and/or acquisitions
made by the Company.

The Directors believe that the current market conditions for uranium projects
will provide good opportunities for investment in situations which are, in their
opinion, undervalued or capable of producing a satisfactory return.


The Directors of Niger Uranium are:

James Mellon Chairman
John (known as Ian) Stalker Executive Deputy Chairman
Marek Jozef Kreczemer Chief Executive Officer
Neil Lindsey Herbert Non-Executive Director
Wayne Gordon Beach Non-Executive Director
John Paul Lynch Non-Executive Director

Further details on the Company, together with copies of the Admission Document,
can be found at the Company's website, www.niger-uranium.com which has been
prepared in compliance with AIM Rule 26.

Niger Uranium's Nominated Adviser is Beaumont Cornish Limited and its Broker is
Haywood Securities Limited.


Contacts:

Niger Uranium Limited
Ian Stalker, Executive Deputy Chairman Tel: + 27 11 783 5056
Marek Kreczemer, Chief Executive       Tel: + 1 866 437 9551
Officer

Beaumont Cornish Limited               Tel: + 44 (0) 20 7628 3396
Roland Cornish / Michael Cornish
Haywood Securities (UK) Limited        Tel+ 44 (0) 20 7031 8011
Thomas Beattie
Financial Dynamics                     Tel + (0) 20 7831 3113
Ben Brewerton






ENDS



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