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Thu 14 Jun 2007, 8:58 SXR - sxr Uranium One Inc - Change of Corporate Na
SXR
 SXR                                                                             
    SXR - sxr Uranium One Inc - Change of Corporate Name - Uranium One Inc.     
                                                                                
    sxr Uranium One Inc                                                         
(Formerly Southern Cross Resources Inc.)                                    
    (Incorporated in Canada)                                                    
    (Registration number: 15096422420)                                          
    Share code on the JSE: SXR    ISIN: CA87112P1062                            
Share code on the TSX: SXR   ISIN: CA87112P162                              
    ("sxr Uranium One")                                                         
                                                                                
    June 14, 2007                                                               
Change of Corporate Name - Uranium One Inc.                                 
                                                                                
    Toronto, Ontario and Johannesburg, South Africa - sxr Uranium One Inc. is   
    pleased to announce that it has formally changed its corporate name to      
"Uranium One Inc." The change in corporate name was approved by             
    shareholders at the Corporation`s annual and special meeting on June 7,     
    2007.  It is expected that the Corporation`s common shares will commence    
    trading on the TSX under the new name at the opening of business on or      
about Monday, June 18, 2007.                                                
                                                                                
    Said Neal Froneman, Uranium One`s President and CEO:  "The change in        
    corporate name signals a new stage in the Corporation`s development.  In    
the period since our formation in the 2005 merger between Aflease Gold and  
    Uranium Resources and Southern Cross Resources, we have become a leading,   
    international senior uranium producer.  The change in name marks this       
    milestone and we look forward to continuing our growth under the Uranium    
One brand."                                                                 
    About Uranium One                                                           
                                                                                
    Uranium One Inc. is a Canadian-based uranium producing company with a       
primary listing on the Toronto Stock Exchange and a secondary listing on    
    the JSE Limited (the Johannesburg stock exchange). The Corporation owns 70% 
    of the operating Akdala Uranium Mine in Kazakhstan and is also developing   
    the South Inkai and Kharasan Uranium Projects in Kazakhstan.  Uranium One   
owns the Dominion Uranium Project in South Africa, as well as the Honeymoon 
    Uranium Project in South Australia.  The Corporation recently acquired the  
    Shootaring Mill and associated assets in the western United States.         
    Uranium One is also engaged in uranium exploration activities in the        
Athabasca Basin of Saskatchewan, South Africa, Australia and the Kyrgyz     
    Republic.                                                                   
                                                                                
    For further information, please contact:                                    

    Neal Froneman                           Chris Sattler                       
    Chief Executive Officer                 Senior Vice President, Investor     
    Relations                                                                   
Tel: + 27 83 628 0226                   Tel: + 1 416 671 3341               
    Cautionary Statement                                                        
                                                                                
    No stock exchange, securities commission or other regulatory authority has  
approved or disapproved the information contained herein.                   
                                                                                
    For further information about Uranium One, please visit www.uranium1.com    
Date: 14/06/2007 08:58:00 Produced by the JSE SENS Department.
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