Universal Uranium Proposes Name Change
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/14/10 -- Universal Uranium Ltd. (TSX VENTURE: UUL) (the 'Company') announced that as the Company no longer holds any interest in a uranium property, other than an NSR to a property that the Company sold in 2008, and the current name of the Company no longer reflects the focus or diverse nature of the Company's current business, it is proposing a name change from Universal Uranium Ltd. to 'Expedition Mining Inc.' The name change is subject to TSX Venture Exchange (the 'Exchange') policies and approval.
In addition the Company announced that pursuant to Exchange policies and the Company's rolling Stock Option Plan approved by shareholders at the annual general meeting of the Company held on April 29, 2009, incentive stock options in the aggregate amount of 800,000 shares have been granted to directors and officers of the Company at a price of $0.10 per share. The options are exercisable for a period of five years, ending on June 10, 2015, and are subject to the requirements of the Exchange.
Universal Uranium Ltd. (TSX VENTURE: UUL) is a publicly held Canadian exploration company focused on acquiring, exploring and developing mineral properties located in favorable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Universal Uranium Ltd.
William Galine
Executive Vice President
(604) 662-3903
bgaline@universaluranium.com