Six drill holes were completed on the Contreras Target, which is located 11 km northeast of Comision Nacional de Energia Atomica’s (CNEA) Cerro Solo uranium deposit. Five drill holes were completed on Cerro Solo South Target (CSS) with drilling continuing on the CSS. The CSS property is located on the southwest corner of CNEA’s Cerro Solo uranium deposit.

All of the drill holes on the Company’s uranium properties in Argentina are logged with a down-the-hole Calibrated BGR-01 4-Channel Gamma Probe operated by in-house technicians. The BGR-01 4 Channel Gamma Probe was calibrated in February 2008 at the Canadian government calibration site at Fredericton, New Brunswick, under the supervision of the manufacturer. Significant probe results for the CSS are given in Table 1 using a 0.5 lb/ton eU3O8 cutoff.

Results from the Contreras Target test are under review because the uranium mineralization intersected occurs in a new geological environment (i.e. paleo-lake sediments in Cerro Barcino Formation).

All five of the holes drilled at CSS appear to have intersected significant uranium mineralization (see Table 1) with hole RC08-010 yielding 3.96 meters @ 2.33 lbs/ton eU3O8. Drill hole RC08-008 intersected 1.16 meters @ 3.48 lbs/ton eU3O8 including a peak uranium value of 9.93 lbs/ton eU3O8 or .42% eU.

Uranium mineralization intersected on the CSS is hosted in nearly flat lying sandstone and conglomerate of Cretaceous Los Adobes Formation. Drill holes RC08-007, RC08-008, RC08-009, and RC08-010 are drilled on 200 meter centers on an east-west line. Drill hole RC08-011 was drilled 100 meters south of drill hole RC08-008.

Drilling on the CSS is planned to continue as the newly discovered uranium mineralization is outlined. Other targets await testing and lie on trend with extensions of the CNEA’s Cerro Solo uranium deposit along trend to the north and south, as well as six other targets defined by the recently completed airborne geophysical survey and ground mapping.

“The Company is excited with the success of drilling at Cerro Solo South and pleased with the pace of the program. We look forward to reporting additional drill results in the coming days,” stated Richard Bachman, President of Urex.

About Urex Energy Corporation

Urex Energy Corp. is focused on actively exploring and developing uranium properties in Argentina and New Mexico. Urex owns a 99.8% interest in the Rio Chubut property comprised of 170,000 hectares of land which is adjacent to the Cerro Solo Uranium deposit located in Chubut Province within Patagonia of southern Argentina. The Cerro Solo exploration block is approximately 20 km x 50 km, and borders the Cerro Solo Uranium deposit to both the North and the South.

Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico. The La Jara Mesa Extension property lies adjacent to Laramide Resources Ltd.'s La Jara Mesa and Melrich uranium deposits.

Between 1950 and 1978 the Grants Mining District produced 270 million pounds of uranium oxide, which ranks it as the most prolific uranium district in the United States.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that: (1) Urex reports that the Company has completed 11 drill holes of a planned 50 drill hole program on the Company’s Cerro Solo area uranium property in Argentina; (2) drilling on the CSS is planned to continue as the newly discovered uranium mineralization is outlined; (3) we look forward to reporting additional drill results in the coming days; and (4) Urex Energy Corp. is focused on actively exploring and developing uranium properties in Argentina and New Mexico.

It is important to note that actual outcomes and Urex’s actual results could differ materially from those in such forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (1) Urex’s ability to obtain funding and maintain adequate working capital requirements to engage contractors and equipment to complete planned exploratory programs; (2) the ability of contractors to complete planned exploratory and drilling programs according to scheduled timelines; (3) the ability of Urex and its contractors to cope with labor shortages, equipment malfunctions, adverse weather conditions and to obtain necessary permits and approvals; (4) changes in operating costs, economic conditions and conditions in the precious metals industry; (5) litigation, legislation, environmental, judicial, regulatory, political and competitive developments in areas in which Urex operates; (6) reliance on drill test results, which may not be indicative of actual mineralization; and (7) reserves, results of exploration, capital costs, drilling programs and mine production costs differing from Urex’s forecasts and/or expectations. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Readers should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.

Urex Energy Corporation
Mr. Al Kau, Investor Relations
Toll Free: 888-795-3166
info@urexenergy.com
www.urexenergy.com