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RNS Announcements

Allotment of shares

18 January 2007

Following the announcement of 12 January 2007, the Directors have allotted the remaining 37,600,000 new ordinary shares of the 80,000,000 new ordinary shares comprised the placing.

Application has been made for the admission of 37,600,000 new ordinary shares to trade on the AIM market. The new ordinary shares will rank pari passu with the existing ordinary shares of 0.1p each in the Company and dealings in these new ordinary shares are expected to commence on 19 January 2007.

The total number of ordinary shares on issue following this issue will be 291,000,000.

The Company is aware of the following persons who, having participated in this placing, directly or indirectly, jointly or severally, hold or will hold 3 per cent. or more of the ordinary share capital of the Company:

  Number of Ordinary Shares in Placing Total Number of Shares in the Company Percentage of Issued Share Capital
Name      
Hugh Warner* 3,000,000 24,706,666 8.49%
Geiger Counter Limited** 30,000,000 30,000,000 10.31%

* A Director of the Company, as disclosed on the announcement of 22 December 2006. 17,280,000 shares are held through Elliot Holdings Pty Ltd, a related party.

** Held thorough R+H Fund Services (Jersey) Limited

**ENDS**

Contacts:
James Pratt Uranium Resources plc Tel: +61 412 743 382
Ross Warner Uranium Resources plc Tel: 07760 487 769
Hugh Warner Uranium Resources plc Tel: +618 9217 3350
Hugh Oram Nabarro Wells & Co. Limited Tel: 020 7710 7400
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477