CUE Cue Resources Ltd.

Cue Resources Ltd. (TSX VENTURE:CUE) - 

Highlights;



--  3500 metres, 
--  Shallow formation less than 40 m 
--  Current Strike length of 1.1 km 
--  Historical mineralized intercepts of up to 0.5m% eU3O8 



Cue Resources Ltd. (the "Company") has started drilling on the San Miguel zone
located on the Company's 100% owned Yuty uranium project in south-eastern
Paraguay. One rotary drill and one diamond drill are currently operating at San
Miguel and a second rotary drill will be mobilized from the San Antonio zone
after a short term project has been completed. This first 3500 metres of
drilling is expected to be finished by the middle of April.


Initial drilling will consist of approximately 1500m over a strike length of
1.1km, testing a WSW-ENE trending anomaly partially defined by Anschutz
drilling. Additional drilling will continue further to the east and west in
previously untested areas. (approximately 2000m). Sixty-four historic holes have
been drilled previously with three holes of significant interest in the
0.10-0.50m% eU3O8 range.


"The regional reduction-oxidation (Redox) front extends from the San Antonio
zone, where Cue has partially defined an initial resource, to the north for
about 30 kms. through all four zones of the Yuty Project," stated Robert Tyson,
President and CEO. "Beginning the systematic exploration of San Miguel is the
next step to determining the resource potential of the Yuty Project as a whole
and confirming our beliefs that Yuty should be recognized as a uranium
district."


Mineralization occurs within a sandstone unit (San Miguel Formation) up to 16m
thick and is associated with a Redox front similar to the resource delineated at
San Antonio. It is believed to be the same regional front with the two prospects
15km apart. The geological sequence is very similar between the two although
mineralization at San Miguel, at less than 40m, is much shallower compared with
an average of 100m at San Antonio.


The current exploration program is being directed by the Company's Senior
Geologist, Martin Hills. Mr. Hills' recent uranium exploration experience
includes the past 4 years working in several African countries as a group
geologist for Brinkly Mining PLC and Country Manager for Indo Energy Limited. 


San Miguel

San Miguel is located NE of San Antonio along the Redox front which hosts the
uranium mineralization at San Antonio, San Miguel, Yarati-y, and Typychaty. All
four of these zones show high-priority target areas and all have historical
drilling which has intersected anomalous or better uranium mineralization. Each
zone is similar in area to San Antonio. The Redox front appears to define a
nearly continuous zone of potentially significant mineralization.


To view Figure 1 - Four uranium zones at the Yuty Uranium Project, Paraguay,
please click here: http://media3.marketwire.com/docs/cue32.pdf.


San Antonio Deposit

The San Antonio Deposit consists of a current NI 43-101 compliant resource,
Indicated, 9.0M tonnes @ 0.042% eU3O8 containing 8.3M lbs eU3O8 and an Inferred
Resource of 1.1M tonnes @ 0.050% eU3O8 containing 1.2M lbs eU3O8. Column leach
tests have demonstrated recovery of up to 86% of the contained uranium from
cores taken from San Antonio. In addition, laboratory testing on drill cores has
shown permeability and porosity values within the range of existing commercial
ISR operations. 


About Cue Resources 

Cue Resources Ltd. is focused on developing the Yuty Uranium District in
south-eastern Paraguay. For detailed information, please see the Cue web site at
http://www.cue-resources.com.


Chris M. Healey, P.Geo, a director of Cue, is the Qualified Person responsible
for the technical content of this release.


On behalf of the Board of Directors

Robert S. Tyson, President and Chief Executive Officer

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