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UraMin Inc (UMN)

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Thursday 11 January, 2007

UraMin Inc

GRD MINPROC Appointment

UraMin Inc
11 January 2007


11 January 2007

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


UraMin is pleased to announce that GRD Minproc (Pty) Ltd. ('GRD Minproc'), a
subsidiary of GRD Ltd, has been appointed to undertake Consulting and
Engineering Services for the completion of the Definitive Feasibility Study
('DFS') at its Bakouma Uranium Project in the Central African Republic ('CAR').

Feasibility study and environmental baseline work are already underway and
11,450 meters of RC drilling have been completed since August 2006. The DFS is
scheduled for completion mid 2008 and, should results be positive, commencement
of mining activity is planned for late 2009/early 2010, ahead of UraMin's
previous target for commencement of production at Bakouma. A Letter of Intent
has already been signed in respect of electricity supply for the project.

GRD Minproc is an international engineering contractor with offices on three
continents and has successfully completed over 200 projects and 300 feasibility
studies in over 30 countries. Its recent uranium experience includes the EPCM
contract for the Langer Heinrich uranium mine in Namibia, the only new dedicated
surface uranium mine to come into production over the last two decades, together
with several other feasibility studies on uranium projects in Africa and

Ian Stalker, Chief Executive of UraMin, said:

'GRD Minproc has been operating in Africa for almost 20 years and has
significant depth of capability in project delivery in the remote regions of
Central Africa. With an impressive background in uranium mining projects and a
standing as a world class engineering consultant amongst the international
financial community, we believe we have brought together all the right
ingredients to enable us to progress our Bakouma Project and establish our
mining operation in CAR before the end of this decade.'

Sam Jonah, Chairman of UraMin, said:

'GRD Minproc together with the UraMin management team represents an extensive
mix of African design and implementation experience which will ensure the
delivery of the study in a timely and cost effective manner.'

For further information:

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

Financial Dynamics
Ben Brewerton / Edward Westropp
Tel: +44 (0)20 7831 3113

Steve Vaughan
Tel: +1 416 865 7931


Definitive Feasibility Study
A comprehensive study of a deposit in which all geological, engineering,
operating, economic and other relevant factors are considered in sufficient
detail for it to reasonably serve as the basis for a final decision by a
financial institution to finance the development of the deposit for mineral

Background Information:

UraMin ( was founded in February 2005 and its shares are traded
on the AIM market of the London Stock Exchange and the Toronto Stock Exchange
under the symbol 'UMN'. The Company was established to acquire and develop
mineral properties, predominantly uranium. The Company currently has working
capital of approximately US$96 million and a market capitalization of
approximately US$600 million on an undiluted basis.

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