URHN Stock: Exploration Update - Advanced Field Work Underway at Ruhuhu
Toronto, Ontario CANADA, August 20, 2008 /FSC/ - Uranium Hunter
Corp. (URHN stock- OTCBB), ("Uranium Hunter" or the "Company") is pleased to
announce that its advanced field program at the Ruhuhu exploration site
in Tanzania is well underway. Ground targets based on the geophysical
interpretation of the helicopter survey announced previously have been
mapped by field crew now in place.
Systematic sampling as part of the advanced field program, followed
by pitting and trenching of specific targets will aim to reveal uranium
outcropping of the Karoo sediments underlying the area. The company
will release the results of the field program as they become available.
Ghaith Qamheiah, President of Uranium Hunter, commented, "Much has
been completed to finally be at this stage of the project, and we are
anxiously awaiting results of the field program. With the recent
strengthening of the price of uranium, and the progress of our
projects, we feel the future is bright for Uranium Hunter
shareholders."
The Company is also pleased to announce further updates to its
website www.UraniumHunterCorp.com. In addition to the video links
recently added to the front page, photographs from the Ruhuhu
exploration site have now been posted under the "Investor Relations"
tab.
About The Company:
Uranium Hunter (OTCBB: URHN) is a natural resource corporation
devoted to the exploration and development of deposits of Uranium and
Gold in East Africa. The company website can be found at
www.UraniumHunterCorp.com.
Uranium Hunter has entered into a Definitive Agreement with Trimark
Explorations, Ltd ("Trimark"), on behalf of its wholly owned subsidiary
Gambaro Resources, to earn up to a 100% interest in the Uranium-Au
property located in Njombe and Songea Districts, Tanzania. Uranium
Hunter has optioned 170 km 2 property in southern Tanzania covering
sediments of the Karoo sequence which share common features with rocks
of the Colorado Plateau in the western US that have become prolific
producers of Uranium.
Uranium Hunter has entered into another Definitive Agreement with
NPK Resources Ltd. to earn a 75% interest in the Nkoko and Kagadi
uranium properties which contain over 800 km2 located in Kibaale
district, Uganda, called the "Kibaale Project."
The Ugandan government, World Bank, African Development Fund and
the Nordic Development Fund has all co-sponsored a US $42 million
dollar high valued mineral centered aerial survey which began in
January 2007. Results are expected shortly, and will aid in early
exploration work on the properties.
Forward-Looking Statements:
This press release contains forward-looking statements,
particularly as related to, among other things, Uranium Hunter's
business strategy. The words or phrases "would be," "will allow,"
"intends to," "may result," "are expected to," "will continue,"
"anticipates," "expects," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers" or similar expressions
are intended to identify "forward-looking statements." Actual results
could differ materially from those projected in the forward-looking
statements as a result of a number of risks and uncertainties. Such
forward-looking statements are based on current expectations, involve
known and unknown risks, a reliance on third parties for information,
and other factors that may cause Uranium Hunter's actual results,
performance or achievements, or developments in its industry, to differ
materially from the anticipated results, performance or achievements
expressed or implied by such forward-looking statements. Factors that
could cause actual results to differ materially from anticipated
results include risks, uncertainties and other factors that are
detailed in Uranium Hunter's Quarterly and Annual Reports and other
documents Uranium Hunter files from time-to-time with the Securities
and Exchange Commission. Statements made herein are as of the date of
this press release and should not be relied upon as of any subsequent
date. Uranium Hunter cautions readers not to place undue reliance on
such statements. Uranium Hunter does not undertake, and specifically
disclaims any obligation, to update any forward-looking statements to
reflect occurrences, developments, unanticipated events or
circumstances after the date of such statement. Actual results may
differ materially from Uranium Hunter's expectations and estimates.
Contact:
Uranium Hunter Corporation
Ghaith Qamheiah
President
(416) 915-3199
