| Tue 12 Sep 2006, 8:05 | | sxr Uranium One Inc. - Publishes Technical Report |
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SXR
SXR
sxr Uranium One Inc. - Publishes Technical Report on Dominion Project
sxr Uranium One Inc.
Share Code: SXR
ISIN: CA87112P1062
390 Bay Street, Suite 1610
Toronto, Ontario M5H 2Y2
Trading Symbol: SXR - Toronto Stock Exchange, Johannesburg Stock
Exchange
NEWS RELEASE
September 11, 2006 Toronto, Ontario
Uranium One Publishes Technical Report on Dominion Project
Toronto, Ontario and Johannesburg, South Africa - sxr Uranium One Inc.
(TSX and JSE: SXR) announced today that it has filed on SEDAR
(www.sedar.com) an independent Technical Report prepared by SRK
Consulting in accordance with NI 43-101 which summarizes the feasibility
study conducted by Turgis Consulting (Pty) Ltd. on its Dominion Uranium
Project located near Klerksdorp, South Africa. The results of the
feasibility study were announced by the Corporation on July 28, 2006.
The Technical Report can be accessed on SEDAR (www.sedar.com) and is also
being made available on Uranium One"s website at www.uranium1.com
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
Reefs Uranium Mine in South Africa and the Honeymoon Uranium Project in
South Australia, as well as a number of exploration projects. The
Corporation holds an approximate 71% 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 Chris Sattler
Chief Executive Officer 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.
This News Release includes certain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable Canadian
legislation. All statements other than statements of historical fact
included in this release including, without limitation, statements
regarding potential mineralization and reserves and future plans and
objectives of Uranium One, are forward-looking statements (or forward-
looking information) that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Important factors could cause actual
results to differ materially from Uranium One"s expectations. Such
factors include, among others, the actual results of exploration
activities, actual results of reclamation activities, the estimation or
realization of mineral reserves and resources, the timing and amount of
estimated future production, costs of production, capital expenditures,
costs and timing of the development of new deposits, availability of
capital required to place Uranium One"s properties into production,
conclusions of economic evaluations, changes in project parameters as
plans continue to be refined, future prices of commodities, possible
variations in ore grade or recovery rates, failure of plant, equipment or
processes to operate as anticipated, accidents, labour disputes and other
risks of the mining industry, delays in obtaining governmental approvals,
permits or financing or in the completion of development or construction
activities, Uranium One"s hedging practices, currency fluctuations, title
disputes or claims limitations on insurance coverage, as well as those
factors discussed under "Risk Factors" in Uranium One"s Annual
Information Form and Management"s Discussion and Analysis as filed with
securities regulatory authorities in Canada. Although Uranium One has
attempted to identify important factors that could cause actual results
to differ materially, there may be other factors that cause results not
to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate
as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Uranium One does not
undertake to update any forward-looking statements that are included
herein, except in accordance with applicable securities laws.
To receive the Corporation"s news releases by email, please register on
Uranium One"s website - www.uranium1.com
Date: 12/09/2006 08:05:48 AM Produced by the JSE SENS Department
