Uracan increases private placement to $5 million

    
    /NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION
    IN THE UNITED STATES./

    TSX-V: URC
    

VANCOUVER , Oct. 30 /CNW/ - Uracan Resources Ltd has increased the size of its previously announced private placement to 16,700,000 units for gross proceeds of $5,010,000 . The private placement remains the same in all other respects. Each unit consists of one share and one half of a warrant, exercisable for a period of 18 months at $0.50 per share.

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. The foregoing information may contain forward-looking statements relating to the future performance of Uracan Resources Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.

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