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(BSNS WIRE) Urex Starts Drilling Argentine Uranium Property
Urex Starts Drilling Argentine Uranium Property

Business Editors

RENO, Nev.--(BUSINESS WIRE)----
Urex Energy Corporation (the "Company" or "Urex")(OTCBB:URXE)
reports that drilling has started on the Company's Cerro Solo area
uranium property in Argentina.

Urex has completed six drill holes of a proposed Phase 1 drill
program that consists of 5000 meters of reverse circulation (RC)
drilling. Drill holes are testing extensions of the 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.

Approximately 50 RC holes will be drilled with hole depth ranging
between 50 and 200 meters. Drill holes will target sandstone and
conglomerate units of the Lower Cretaceous Los Adobes Formation, which
hosts the Cerro Solo uranium deposit.

Surface geological mapping has identified large areas of Los
Adobes Formation rocks that are intact on the Company's claims, which
is encouraging because it provides additional potential targets.

N.A. Degerstrom Inc. of Mendoza, Argentina will be responsible for
the drilling program with an in-house technical group conducting the
down-the-hole gamma logging.

"The Company is excited that drilling has started at Cerro Solo
and pleased with the quality of the drill targets. We look forward to
reporting the results from the drilling in the coming days," stated
Richard Bachman, President - Urex. Energy Corp.

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) field mapping and ground
truthing continues on the Company's Cerro Solo area claims in
preparation for a drilling program which is expected to start in
February given drill rig availability; (2) 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 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; and (6)
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.



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


CONTACT INFORMATION:
Urex Energy Corporation
Mr. Al Kau, Investor Relations
Toll Free: 888-795-3166
Email: [e-mail]
www.urexenergy.com

*** end of story ***

[V51]

[V51]

[Bayern-Taifun]

Antwort auf Beitrag Nr.: 33.511.625 von V51 am 29.02.08 09:07:59

die sind doch schon mause tot...

[etit]

Antwort auf Beitrag Nr.: 33.512.511 von Bayern-Taifun am 29.02.08 10:21:26

hättest du dich ein bischen genauer mit UREX beschäftigt dann würdest du feststellen das der Wert voller Leben steckt und die Party erst losgeht!!!
Von UREX kommen keine Puschversuche sondern nur Fakten und wenn es auch etwas lange gedauert hat bis die Bohrgenehmigung durchgesetzt wurde und der Kurs dadurch gelitten hat so sind die Aussichten von diesen Kursniveaue aus umso besser