WU White Canyon Uranium Ltd Ord

US-focussed uranium production company White Canyon Uranium Limited (TSX
VENTURE:WU)(ASX:WCU) ("White Canyon" or "the Company") is pleased to announce
that the previously advised convertible note funding agreement ("Agreement") for
$US 2.5 million with Mrs. Man Ying Lulu Yu, a Hong Kong based investor, has now
been approved by the TSX-V.


As previously advised on the 16th July, the terms of the Agreement provide for
US$500,000 to be advanced to the Company on a monthly basis up to the full
facility of US$2.5 million. The first tranche of US$ 500,000 is now available
and will be drawn down immediately.


The Company will use the loan funds to progress its mining operations in Utah.
This represents a significant step forward for the Company as it will assist it
to continue mining to produce the required tonnage for milling at which time the
Company is expected to be elevated to the ranks of producer and marketer of
uranium.


About White Canyon Uranium:

White Canyon is a US focused uranium producer holding 100% interest in the
advanced Thompson, Daneros, Lark Royal, Geitus, Blue Jay and Marcy Look Projects
in south-east Utah, comprising of over 12,000 acres of mining claims and mineral
leases. The projects contain historically defined high grade uranium deposits,
however the deposits are not JORC or 43-101 compliant.

White Canyon Uranium Ltd Ord (TSXV:WU)
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