Uracan grants stock options

TSX-V: URC

VANCOUVER, March 23 /CNW/ - Uracan Resources Ltd. (the "Company") reports that pursuant to the Company's Stock Option Plan, a total of 2,075,000 incentive stock options have been granted to directors, officers, employees and consultants of the Company. The options are exercisable at a price of $0.20 per share for a period of ten years.

Uracan Resources Ltd. is a publicly-listed uranium exploration company, exploring for shallow, bulk tonnage style uranium mineralization in Canada. Uracan is led by a team of proven exploration and mine entrepreneurs and mine-builders.

Investors are invited to visit the Uracan Resources IR Hub at http://agoracom.com/ir/UracanResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [email protected] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

    
    ON BEHALF OF URACAN RESOURCES LTD.

    "Gregg Sedun"
    Chairman & CEO
    

Neither 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.

For further information: Gregg J. Sedun, Chairman & CEO, [phone]; David Fry, Corporate Development, [phone]; Keith Schaefer, Vanguard Shareholder Solutions, [phone]; Marc Simpson, Exploration Manager, [phone]