HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: All this talk about SPQ and...-Old Joe..your memory is failing you...

NEWS - UC Resources Shareholders Update

Posted by: AGORACOM on December 19, 2007 04:06PM

VANCOUVER, BRITISH COLUMBIA--(Dec. 19, 2007) - UC Resources Ltd. (the "Company") (TSX VENTURE:UC) - On behalf of the entire management team of UC Resources Ltd., we are pleased to provide this update for our shareholders. The areas of interest have expanded in 2007 and the pace of our activity will accelerate in the coming months, as UC is now involved in exploration/production work in Mexico and exploration in Northern Ontario, Canada. There have been management changes at your company culminating with the appointment of Mr. Jim Voisin as the new President and a member of the board of directors, plus the addition of Mr. Michel Roy, CEO and Chairman of ECU Silver Mining, to the board of directors.

McFauld's VMS Project Update

Last March, in Northern Ontario, the Company announced they entered into a binding option agreement allowing an earn-in up to 55% of the McFauld's Lake area JV between Spider Resources Inc. and KWG Resources. This agreement has UC as the operator during the earn-in phase and ultimately allows the company to earn a controlling interest in the McFauld's Lake property package. UC is of the opinion this region could develop into a world-class base metals exploration camp. Our program objectives are to delineate for drilling Noront Double Eagle look-alike targets plus participate in exploration work to follow up on the earlier work in the area, sufficient to define a much larger massive sulphide deposit that could be of interest to a senior mining company.

Billiken Management continues to manage the entire program. As we reported in May, a gravimetric surveying program was completed which identified a number of additional attractive targets, all with the potential to increase the two known partially drilled off, massive sulphide by several million tonnes. UC's summer work program commenced in June with additional geophysical surveying work, followed by a drill program to test the high priority targets. A successful flow-through financing earlier this year that raised $1.5 million provided the funding necessary to allow this work to proceed.

In light of the recent exploration news in the McFauld's Lake area, involving the exploration efforts of Noront Resources Ltd., this new discovery of nickel, copper and PGM mineralization in a peridotite has significant exploration ramifications to your Company's program. It provides much encouragement to the area, while supporting opinion, that this under-explored area of Northern Ontario will have many surprises as exploration progresses. It is management's opinion (based upon Billiken Management's and our joint venture partner's longevity and expertise in the area), that the Noront discovery may very well represent a magmatic cumulate style copper - nickel occurrence. This discovery by itself may very well set the stage for senior development companies to try to negotiate themselves in the area. Your Company is in an ideal position to deal with such interest.

The Company is presently participating in an airborne survey contract which was awarded to Aeroquest International Ltd. using its helicopter-mounted AeroTEM-2 system and anticipates a report in late December on phase one covering part of its area of interest with more results to follow in January for phase two & three. This is intended to culminate in a proposed drilling plan by Billiken Management on targets of interest which will focus on Noront Double Eagle look-alike signatures. In addition some staking of new claims has been completed by our partners and UC Resources has indicated their intention to participate in the new claims as per the option agreement. The company expects to have drill ready targets and commence a drill program during Q1 2008.

John did you read this NR put out by UC on Dec 19 2007, it states pretty clearly that THE NEW CLAIMS are part of the option agreement. I don't think UC would state something that is not true. But what do I know. I hope everyone in NOT and what ever area play or other play on the market make more money in 2008 than they can spend. Happy new year all.

drill it and they will come

griz

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