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(BSNS WIRE) Urex Energy Corporation Starts Exploration in Argentina
Urex Energy Corporation Starts Exploration in Argentina

Mining Writers / Business Editors / Energy Writers

RENO, Nev.--(BUSINESS WIRE)----
Urex Energy Corporation (the "Company" or "Urex") (OTCBB:URXE)
reports that it has obtained exploration permits from mining officials
in Argentina and has started its uranium exploratory program. The
program is intended to include airborne geophysics, ground geologic
mapping and prospecting, and drilling.

The Company is in the process of securing a drill rig to implement
a proposed Cerro Solo Extension drilling program designed to drill
test for extensions of known uranium mineralization adjacent to and on
trend with the Cerro Solo uranium deposit. Environmental permitting is
complete with final land access agreements nearly complete. Drilling
is expected to start in January 2008, but the final start date will
depend on drill rig availability.

The Company has contracted with New-Sense Geophysics Ltd. of
Thornhill, Ontario, Canada, to complete a fixed wing
aeromagnetic/radiometric survey over its Argentine properties. The
survey will start in early November 2007 and is expected to be
completed within about four weeks. The geophysical survey is designed
to identify fault structures and surface uranium anomalies across the
Company's 170,000-hectare land position. The last airborne geophysical
survey flown in the region was completed in 1978 before the use of GPS
(Global Positioning Systems) and therefore lacked precise geographic
control. The Company's geologists believe that the current
state-of-the-art airborne system will provide new understanding of
uranium occurrences within the Chubut Basin and will accelerant target
definition.

A comprehensive field program is planned to follow the airborne
survey and is designed to characterize uranium anomalies in
preparation for drill testing. Urex is fielding a young, energetic
team of geologic professionals who will conduct the field program
guided by South American Manager Oscar Yokoi and Brian Cole, Urex's
Professional Geologist.

Management believes in the technical viability of the project and
robustness of Argentina for new uranium discoveries. The Cerro Solo
project area represents a small fraction of the total property
holdings controlled by Urex in Argentina.

In New Mexico, the Company's La Mesa Extension Uranium Project is
awaiting approval of an exploration permit that will allow the
commencement of Phase I drilling. Meetings with the relevant agencies
have identified issues raised by interested third parties. The Company
is confident that it will be successful in obtaining permission to
start its exploration program. Currently, USFS (United States Forest
Service) is conducting consultation with local Indian Tribes with the
expectation to complete that process by March 2008.

For more information, please visit the Company's website located
at www.urexenergy.com.

About Urex Energy Corporation

Urex 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) the program is intended to
include airborne geophysics, ground geologic mapping and drilling; (2)
the Company is in the process of securing a drill rig to implement a
proposed Cerro Solo Extension drilling program designed to drill test
for extensions of known uranium mineralization adjacent to and on
trend with the Cerro Solo uranium deposit; (3) drilling is expected to
start in January 2008, but the final start date will depend on drill
rig availability; (4) the survey will start in early November 2007 and
is expected to be completed within a bout three weeks; (5) the
Company's geologists believe that the current state-of-the-art
airborne system will provide new understanding of uranium occurrences
with the Chubut Basin and will accelerate target definition; (6) a
comprehensive field program is planned to follow the airborne survey
and is designed to characterize uranium anomalies in preparation for
drill testing; (7) management believes in the technical viability of
the project and robustness of Argentina for new uranium discoveries;
and (8) the company is confident that it will be successful in
obtaining permission to start its exploration program. 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 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 industry; (5) litigation, legislation, environmental,
judicial, regulatory, political and competitive developments in areas
in which Urex operates; and (6) reserves, results of exploration,
capital costs, drilling programs and mine production costs differing
from Urex's forecasts and/or expectations. Readers should also refer
to the risk disclosures outlined in Urex's quarterly reports on Form
10-QSB, annual reports on Form 10-KSB and Urex's other disclosure
documents filed from time to time with the Securities and Exchange
Commission.



KEYWORD: NORTH AMERICA SOUTH AMERICA NEVADA NEW MEXICO ARGENTINA UNITED STATES
INDUSTRY KEYWORD: ENERGY NATURAL RESOURCES MINING/MINERALS
SOURCE: Urex Energy Corporation


CONTACT INFORMATION:
Urex Energy Corporation
Mr. Brad Long, Investor Relations
Toll Free: 866-493-(URXE) 8793
[e-mail]
www.urexenergy.com

*** end of story ***

[V51]

[Frickhasserin]

Antwort auf Beitrag Nr.: 32.341.614 von V51 am 08.11.07 15:08:54

wer könnte diese Aktie wohl am Hoch empfohlen haben?

[HuskyEnergy]

Antwort auf Beitrag Nr.: 32.343.977 von Frickhasserin am 08.11.07 16:54:46

da würde ich nie einsteigen, da kann ich ja genauso in patrizia immobilien investieren