WUC Western Uranium Corp.

Western Uranium Corporation (TSX VENTURE:WUC) (the "Company") is pleased to
announce that it has established a new corporate entity to conduct exploration
activities in South America. The new company, Meryllion Minerals Corporation
("Meryllion"), is currently a wholly-owned subsidiary of the Company and will be
headed up by Willem Fuchter, PhD PGeo, a geologist with worldwide experience in
gold and base metal exploration.


Meryllion has acquired an option to purchase the 14,000 hectare Cerro
Amarillo-Cajon Grande copper-gold property located in the Malargue District, in
the Province of Mendoza, Argentina. Under the option agreement Meryllion has the
exclusive right to engage in exploration activities on the properties for up to
52 months before exercising its option to acquire a 100% interest in the
properties. The option is exercisabeable by Meryllion at any time, however, so
long as the exploration program is ongoing, Meryllion will make payments to the
owners of the property, which payments will total US$525,000 if the exploration
program continues for at least 40 months. When the option is exercised,
Meryllion will pay a final purchase price of US$2,500,000. The owners of the
property will also be entitled to a 1% NSR in the event the properties are
placed into commercial production. The Cerro Amarillo - Cajon Grande property is
located at the southern end of the highly productive Late Miocene - Pliocene
magmatic arc that hosts the El Teniente and Los Bronces porphyry giants in
Chile. The yet-to-be tested property has drill targets indicated by geophysics
(IP and magnetics), and contains a number of other unexplored prospective areas.



About Meryllion Minerals Corporation

The Company's board of directors recently approved management's recommendation
that the Company no longer focus exclusively on uranium exploration in Canada
and the United States. Given that mandate, Meryllion was created by the Company
to undertake exploration programs in, and to acquire an interest in, South
American properties, with an emphasis on Argentina, Brazil and Peru. 


The Company has agreed to fund Meryllion with a minimum of US$2 million over the
next two years with the goal of developing a "property of merit" that will
qualify for a TSX Venture Exchange listing. Dr. Fuchter will head up the
exploration effort with the support of a technical team headquartered in Buenos
Aires. Immediately prior to the TSX Venture Exchange listing the management team
will own 10% of the listed company with the Company holding the remaining 90%,
not including any interim equity financing. 


Dr. Fuchter has over 25 years' experience working in mines and on exploration
projects in Africa, Asia, North and South America, Europe, and the Middle East
for both junior and major mining companies, including Riofinex, Falconbridge
Gold, Kinross, and Ivanhoe Mines. He has degrees from Rhodes University in South
Africa and Queen's University in Canada, and is a registered Professional
Geoscientist in the Province of Ontario.


About the Cerro Amarillo-Cajon Grande Property 

Cerro Amarillo-Cajon Grande is a gold-rich porphyry property containing two
partially explored mineralized porphyry systems and four unexplored colour
anomalies. The two porphyry occurrences are known as Cerro Amarillo and Cajon
Grande. The property is located at a latitude of 35 degrees 16' 25" S and a
longitude of 70 degrees 09' 22" approximately 25 kilometers due east of the
Chilean border. The prospect lies at an elevation of about 3,400 meters above
sea level in the foothills of the Cordillera. 


The Cerro Amarillo occurrence contains a classical porphyry system that includes
stockwork-, disseminated-, skarn-, breccia- and vein-styles of mineralization.
Mineralization is typically zoned. The central porphyry plug contains abundant
"A" type quartz-magnetite stockworks. Chalcopyrite occurs in the stockworks and
is disseminated in the altered intrusive. Fresh sulphides are visible at
surface. However, within the surrounding hydrothermal breccia zone, deep
weathering and abundant pyrite is expected to result in an excellent supergene
trap for copper and gold leached from the central porphyry and the breccia
itself. The skarns occur in an almost perfect ring at the intersection between
vertical cylinder of breccia and the shallow dipping calcareous sediments. At
the current level of erosion, almost the entire ring is exposed at surface.
Garnet skarns are most abundant with lesser amounts of epidote, sulphide,
hematite and magnetite. Sparse peripheral veins containing barite, hematite,
galena and sphalerite occur out to a radius of approximately 1km from the centre
of the system. Previous grab sampling indicates that these veins can contain
high gold grades, although their volume is limited. Ground magnetics and
alteration patterns suggest that there is potential for the system to enlarge
with depth. 


The data collected to date indicate fertile gold-rich Cu-Mo-Au porphyry systems
located on the property situated at the southern end of the El Teniente/Los
Bronces belt which have not been drill-tested. And with the advent of the
austral summer, Meryllion will be mounting an exploration campaign that is
expected to lead to first-stage drill testing of the Cerro Amarillo occurrence.


About the Company 

Western Uranium Corporation is a mineral exploration company with properties in
Argentina, Nevada, and New Mexico and has entered into an earn-in agreement with
AuEx Ventures for the Baza gold-copper project in Spain. The Company has its
head office in Vancouver, Canada; its executive management team is based in
Reno, Nevada.


On behalf of the Board of Western Uranium Corporation

Pamela J. Klessig, President & CEO

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