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UraMin Inc (UMN)

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Tuesday 06 March, 2007

UraMin Inc

Issue of Shares

UraMin Inc
06 March 2007





NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES



6 March 2007

                                  UraMin Inc.

                          ('UraMin' or 'the Company')



The Company announces that it has issued a total of 1,798,000 new Ordinary
Shares of no par value pursuant to the exercise of broker options.



The shares are listed on the TSX and application has been made for these shares
to be admitted to trading on AIM and to listing on the TSX and it is expected
that dealings will commence 12 March 2007.



The securities referred to in this release will not be registered under the
United States Securities Act of 1933 or the laws of any state and may not be
offered or sold in the United States absent such registration or an applicable
exemption from registration requirements.



For further information:

Neil Herbert, Finance Director
Tel: +27 (0)11 783 5056

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

Toronto
Steve Vaughan
Tel: +1 416 643 6924

UK Media Enquiries
Financial Dynamics
Ben Brewerton / Ed Westropp
Tel: +44 20 7831 3113



Background Information:



UraMin (www.uramin.com) 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$88 million and a market capitalization of
approximately US$1 billion on an undiluted basis.



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 the prospecting rights in the Ryst Kuil Channel of
the Karoo 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                    X                                                                                                                                                                                                                                                              

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