GraDirector/PDMR Shareholding

Niger Uranium Limited
30 January 2008


For immediate release

                                                                 30 January 2008


                             Niger Uranium Limited

                       ('Niger Uranium' or 'the Company')


                                Grant of Options


The Company announces that on the recommendation of the Company's Remuneration
Committee, the Company has granted options over 2,200,000 ordinary shares of
US$0.01 each in the capital of the Company ('Ordinary Shares') to directors of
the Company in accordance with the Share Option Plan set out in the Admission
Document dated 7 September 2007 at an exercise price of 50 pence per Ordinary
share. The directors to whom options have been granted are as follows:


An option over 1,100,000 Ordinary Shares to John (Ian) Stalker, Executive Deputy
Chairman and Chief Executive Officer (total 1,580,000 Ordinary shares under
option following this grant); and

An option over 1,100,000 Ordinary Shares to Neil Herbert, Non-Executive Director
(total 1,530,000 Ordinary Shares under option following this grant).


In addition, options over a further 1,650,000 Ordinary Shares have been granted
to management, employees and consultants of the Company at an exercise price of
37 pence per Ordinary Share, being the closing middle market price on 29 January
2008.

The options granted above will vest to each option holder in three equal annual
installments commencing on the date of grant and will expire unless exercised on
or before 30 January 2018.


For further information:

Niger Uranium Limited                                  Tel: + 27 82 404 3637
Ian Stalker, Executive Deputy Chairman and Chief       Tel: [phone]
Executive Officer

Beaumont Cornish Limited                               Tel: [phone]
Roland Cornish / Michael Cornish

Financial Dynamics                                     Tel: [phone]
Ben Brewerton
Edward Westropp


ENDS




                      This information is provided by RNS
            The company news service from the London Stock Exchange