UEX Corp UEXCF

NEWS.....

[stude]

Shea Creek Emerges as Largest Undeveloped Uranium Resource in the Athabasca Basin

UEX Corporation UEX

5/26/2010 9:26:00 AM

VANCOUVER, May 26, 2010 (Canada NewsWire via COMTEX News Network) --

UEX Reports Mineral Resources at the Shea Creek Project of 63.6 million pounds U(3)O(8) in the Indicated Category and 24.5 million pounds U(3)O(8) in the Inferred Category, with Mineralization in all Deposits Remaining Open

Trading Symbol: UEX-TSX

VANCOUVER, May 26 /CNW/ - UEX Corporation ("UEX") is very pleased to announce the first National Instrument 43-101 ("N.I. 43-101") compliant independent mineral resource estimate for the Shea Creek Project ("Shea Creek"). Shea Creek is located in the western Athabasca Basin (the "Basin") of northern Saskatchewan, Canada, and is owned 49% by UEX Corporation and 51% by AREVA Resources Canada Inc. ("AREVA"). AREVA is the project operator. The mineral resource estimate, commissioned by UEX, was completed by Golder Associates Ltd. ("Golder") of Burnaby, B.C. A technical report supporting this resource estimate will be filed on SEDAR within 45 days of this news release.

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