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UraMin Inc (UMN)

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Thursday 31 May, 2007

UraMin Inc


UraMin Inc
31 May 2007

31 May 2007

                                  UraMin Inc.
                          ('UraMin' or 'the Company')

                                 Block Listing

UraMin Inc announces that application has been made to the AIM Market of the
London Stock Exchange plc for the Block Admission (the 'Block') of up to
32,159,999 ordinary shares of no par value which may be allotted and issued in
due course upon the exercise of options pursuant to the Company's Executive
Share Option Scheme. It is expected the admission of the Block will be effective
on 6 June 2007.

The Company also announces that it has separately applied for the admission of
883,333 shares arising from the exercise of options prior to the application for
the Block. It is expected that admission in respect of these shares will become
effective on 6 June 2007.

For further information:

Ian Stalker, Chief Executive Officer
Neil Herbert, Finance Director
Tel: +27 (0)11 783 5056

Nominated Advisor
Canaccord Adams
Robin Birchall
Tel: +44 (0) 20 7050 6500

UraMin ( was established in 2005 to acquire and develop mineral
properties, predominantly uranium. The Company currently has working capital of
approximately US$300 million and a market capitalization of approximately US$1.9
billion on an undiluted basis. UraMin ( is traded on the
Alternative Investment Market of the London Stock Exchange plc and the Toronto
Stock Exchange under the symbol UMN.

UraMin is currently focusing on the development of its advanced stage
exploration projects at Trekkopje in Namibia, Bakouma in the Central African
Republic and Ryst Kuil in South Africa. Through a South African joint venture,
UraMin also enjoys additional prospecting license applications for important
uranium deposits in the Karoo, South Africa. No assurance can be given that
remaining applications for prospecting licences will be successful.

Forward-Looking Statements:

This press release contains statements that are 'forward-looking'. Generally,
the words 'expect,' 'intend,' 'estimate,' 'will' and similar expressions
identify forward-looking statements. By their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that may
cause our actual results, performance or achievements, or that of our industry,
to differ materially from those expressed or implied in any of our
forward-looking statements. Statements in this press release regarding the
Company's business or proposed business, which are not historical facts, are
'forward looking' statements that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve inherent risks
and uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.

Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.

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

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