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SXR
SXR
SXR - Uranium One - Press Release - Uranium One Announces Addition to Management
Team
sxr Uranium One Inc
(Formerly Southern Cross Resources Inc.)
(Incorporated in Canada)
(Registration number: 15096422420)
Share code on the JSE: SXR & ISIN: CA87112P162
Share code on the TSX: SXR & ISIN: CA87112P162
("Uranium One")
June 14, 2007
Uranium One Announces Addition to Management Team
Toronto, Ontario and Johannesburg, South Africa - Uranium One Inc. ("Uranium
One") is pleased to announce the appointment of Fletcher Newton as Executive
Vice President for Corporate and Strategic Affairs, effective July 1, 2007.
Mr. Newton has over 17 years of experience in the nuclear fuel industry and for
the past three years has been the Chief Executive Officer for Power Resources
Inc., the U.S. subsidiary of Cameco Corporation. He was part of the original
team that negotiated the HEU Feed Agreement among Tenex, Cameco, Areva and
Nukem, and helped to negotiate the agreement between Cameco and Kazatomprom for
the creation of the Inkai Joint Venture. Most recently, Mr. Newton has worked
closely with the U.S. Congress and Department of Energy to develop a strategy
for the future use of U.S. government uranium inventories.
Mr. Newton is a graduate of Harvard College, where he received his degree Magnum
Cum Laude in Soviet Studies, and also holds degrees from the University of
Denver College of Law and the University of Leningrad (St. Petersburg)
Department of Slavic Languages and Literature. He has lived and worked in
Russia and the former Soviet Union and is fluent in Russian.
Mr. Newton will be based in Denver, Colorado and will provide strategic guidance
for Uranium One`s international relations, development of operations in the
United States and representation in the U.S. nuclear fuel industry.
Uranium One President and CEO Neal Froneman commented:
"We are delighted to have Fletcher join the Uranium One team. Fletcher`s high
level relationships and background in the uranium sector will be of critical
importance as we execute on our plans to become a senior uranium company.
Uranium One is emerging as the preferred employer in this sector and we expect
to announce additional high level management appointments and depth to our
operational team in the near future."
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 Canyon 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 11 482 3605 Tel: + 1 416 350 3657
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 17:36:20 Produced by the JSE SENS Department.
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