Uranium Bay Resources Inc. (TSX VENTURE: UBR) is pleased to give its shareholders an overview of the salient points that transpired during its 2008 Annual General Meeting ("AGM") of shareholders held on June 19, 2008.

Shareholders present during the meeting, representing in person and by proxies, 23,493,282 common shares (or 32% of all issued and outstanding common shares of the Corporation) approved the following items:

1. The following six (6) individuals were elected Directors of the Corporation; Marcel Drapeau, Patrick Gagne, Guy Girard, Robert Robitaille, Viv Stuart-Williams and Bernard Tourillon;

2. The accounting firm of Raymond Chabot Grant Thornton LL.P was appointed auditors of the Corporation, and;

3. A motion was duly presented by shareholders whereby it was unanimously resolved to adopt a resolution approving and authorizing a control person to hold up to 25% of all issued and outstanding shares of the Corporation and that the resolution be valid and remain in force until the date of the next Annual General Meeting.

After the AGM, the Directors of the Corporation appointed; the following persons Officers of the Corporation, Bernard J Tourillon, Chairman, President and CEO, Guy Girard, Vice-President Finance and CFO, and Marcel Drapeau, Corporate Secretary; the following directors to the Audit and Remuneration Committee, Marcel Drapeau (who will act as Chairman of the Committee), Patrick Gagne and Robert Robitaille and; the following directors to the Technical Committee, Bernard Tourillon (who will act as Chairman of the Committee), Viv Stuart-Williams and Guy Girard.

Mr. Bernard Tourillon, UBR's Chairman and CEO, commented after the meeting:

Twelve months ago UBR made a strategic decision to become one of the leaders of the Uranium exploration revival in the James Bay region, Province of Quebec, one of the best jurisdictions in the world for natural resource exploration.

UBR chose to focus its uranium exploration efforts in the James Bay area on the understanding that the geological potential of the region was favorable to finding bulk-type uranium mineralization similar to that which is found in Namibia at Rossing.

The powerful trends that helped fuel U308 spot prices to new heights last year have not fundamentally changed and a second wave of interest in Uranium exploration is coming and it is this second wave that will bring about a renewed interest from the investment community for uranium exploration projects.

Only companies that have strong technical teams, advanced exploration projects and a clear path to the establishment of a significant resource potential will attract the required visibility from the investment community to unlock and generate investor value.

These premises are the foundation of UBR's business plan. UBR is implementing an aggressive exploration strategy of the Uskawanis Uranium Project, to develop the first Rossing style uranium mineralization ever identified outside of Namibia.

To date, our methodical and scientific approach to Uranium exploration in the James Bay region has clearly demonstrated the widespread nature of the uranium mineralization at Uskawanis (as expected from the Rossing model for uranium genesis) and it has confirmed the presence of a substantial number of good size uranium targets (again expected with the Rossing model).

Our goal, moving forward will be to unlock the potential for significant mineralization of the Uskawanis Uranium Property. In order to enable Uranium Bay to reach its stated goal of delineating a large scale Uranium deposit UBR will be shortly commencing the summer drilling program. This positions the Corporation to generate the maximum benefit from the second coming of the Uranium boom.

About Uranium Bay Resources Inc.

Uranium Bay Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol UBR on the TSX Venture Exchange. The Company has 77,266,913 shares outstanding. The Company holds 100% of several U3O8 mineral exploration properties including the 314 km2 Uskawanis Uranium property located just south of the Opinaca reservoir, the 90 km2 Kauschiskach Uranium property located just 100 km NE of Radisson in the Quebec James Bay area of northern Quebec, and the five properties totalling 197 claims covering the Lac Georges (100 claims), Lac Forget (24 claims), Ruisseau Lebrun (38 claims), Maurice (19 claims) and Bloc extension 06 (16 claims) properties located in the Wakeham area, in eastern Quebec. In addition the Company holds two Namibian concessions known as Gunib and Grootfontein.

The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements reflecting Uranium Bay objectives, estimates, expectations and the impact of acquisitions on Uranium Bay's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Uranium Bay's projections or expectations.

Contacts: Uranium Bay Resources Inc. Bernard J. Tourillon Chairman and CEO 514-846-3271 Toll-free 1-888-666-3431 Uranium Bay Resources Inc. Guy Girard VP and CFO 514-846-3271 Toll-free 1-888-666-3431

SOURCE: Uranium Bay Resources Inc.