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Mon 12 Jun 2006, 17:39 sxr Uranium One Inc.- Trading Symbol: SXR - The To
SXR
 SXR                                                                             
sxr Uranium One Inc.- Trading Symbol: SXR - The Toronto Stock Exchange          
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: CA87112P1062                                 
("Corporation")                                                                 
26 Wellington Street East, Suite 820                                            
Toronto, Ontario M5E 1S2                                                        
Trading Symbol: SXR - The Toronto Stock Exchange                                
NEWS RELEASE                                                                    
June 12, 2006                   Toronto, Ontario                                
Uranium One Appoints New Head of Investor Relations                             
Toronto, Ontario and Johannesburg, South Africa -- Uranium One is pleased to    
announce the appointment of Chris Sattler as Vice President, Investor Relations.
Mr. Sattler will be based in the Corporation"s Toronto office and succeeds      
Donald Falconer, who is retiring.                                               
Mr. Sattler joins Uranium One from AIM-listed Serabi Mining plc in London,      
England, where he served as Manager, Finance and Corporate Development.  From   
1998 to 2003, Mr. Sattler was a member of the Mining, Investment and Corporate  
Banking Group at BMO Nesbitt Burns in Toronto, where he provided corporate      
finance and M&A advisory services to clients in the mining sector in Canada and 
internationally.                                                                
Mr Sattler holds a BSc. in Mining Engineering from Queen"s University in        
Kingston, Ontario and an MBA from the London Business School.                   
About sxr Uranium One                                                           
sxr Uranium One Inc. is a Canadian uranium and gold resource company with a     
primary listing on the Toronto Stock Exchange and a secondary listing on the    
Johannesburg Stock Exchange. The Corporation owns the Dominion Uranium Project  
in South Africa and the Honeymoon Uranium Project in South Australia, as well as
a number of exploration projects.  The Corporation holds a 79% interest in      
Aflease Gold Limited, which owns the Modder East gold project in South Africa.  
Through a joint venture with Pitchstone Exploration Ltd., the Corporation is    
also engaged in uranium exploration activities in the Athabasca Basin of        
Saskatchewan.                                                                   
For further information please contact:                                         
Neal Froneman                John Fraser               Don Falconer             
Chief Executive Officer      Corporate Communications  Vice President,          
Investor Relations        
Tel: + 27 11 482-3605         Tel: + 27 11 482-3605    Tel: +1 416 350-3657     
To receive the Corporation"s news releases by email, contact John Fraser,       
Corporate Communications at john@uranium1.com or Don Falconer, Investor         
Relations, at don@uranium1.com.  The TSX has neither approved nor disapproved of
the information contained herein.                                               
Date: 12/06/2006 05:39:20 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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