UMN Uramin Inc

RNS Number:4596Y
UraMin Inc
15 June 2007

                                    


15 June 2007


                                  UraMin Inc.
                          ("UraMin" or the "Company")


Uramin notes recent press speculation regarding a transaction for the Company.
As the Company remains in negotiations it cannot confirm this speculation and
will provide an update to the market as soon as practicable.


For further information:


Ian Stalker, Chief Executive Officer
Tel: +27 (0)11 783 5056

Neil Herbert, Finance Director
Tel: +44 (0)11 783 5056

Canaccord Adams Limited
Mike Jones
Robin Birchall
Tyler Broda
Tel: +44 (0)20 7518 6500

Financial Dynamics
Ben Brewerton
Tel: +44 (0)20 7831 3113


Background

UraMin (www.uramin.com) was established in 2005 to acquire and develop mineral
properties, predominantly uranium.  Following the private placement the Company
currently has a market capitalization of approximately US$1.9 billion on an 
undiluted basis. UraMin (www.uramin.com) is traded on the Alternative Investment
Market of the London Stock Exchange  plc and the Toronto Stock Exchange under
the symbol UMN.

UraMin is currently focusing on the development of its advanced stage
exploration projects at Trekkopje in Namibia,  Bakouma in the Central African
Republic and Ryst Kuil in South Africa. Through a South African joint venture,
UraMin  also enjoys additional prospecting license applications for important
uranium deposits in the Karoo, South Africa. No  assurance can be given that
remaining applications for prospecting licences will be successful.


Forward-Looking Statements:


This press release contains statements that are "forward-looking". Generally,
the words "expect," "intend," "estimate," "will" and similar expressions
identify forward-looking statements. By their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that may
cause our actual results, performance or achievements, or that of our industry,
to differ materially from those expressed or implied in any of our
forward-looking statements. Statements in this press release regarding the
Company's business or proposed business, which are not historical facts, are
"forward looking" statements that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve inherent risks
and uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.


Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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