Urex Energy Corporation Appoints New South American Manager

Urex Energy Corporation, a uranium explorer and developer, is pleased to announce the appointment of Mr. Oscar Yoshitaka Yokoi as its South American Manager. Yokoi brings over 29 years of mining and mineral exploration experience to his new role, having previously worked with companies such as BP Minerals, Brascan, and Homestake Mining Company.

As South American Manager, Yokoi will oversee Urex's Rio Chubut Project, which includes a recently announced drill program on the Cerro Solo Block. The project borders CNEA's 10 million pound Cerro Solo Uranium Deposit, and Yokoi will also direct a comprehensive geologic review of the entire Rio Chubut Property (170,000 hectares) with the objective of screening uranium anomalies for future drill testing.

The Chubut Basin presents an excellent opportunity for the discovery of new uranium deposits, with over 2,300 radiometric anomalies defined by airborne geophysical surveys conducted by Comision Nacional de Energia Atomica (CNEA) of Argentina (CNEA, 1997).

Key Takeaways:

• Urex Energy Corporation has appointed Mr. Oscar Yoshitaka Yokoi as its South American Manager, bringing over 29 years of mining and mineral exploration experience to the role.
• Yokoi will oversee Urex's Rio Chubut Project, which includes a drill program on the Cerro Solo Block and a comprehensive geologic review of the entire Rio Chubut Property.
• The Chubut Basin presents an excellent opportunity for the discovery of new uranium deposits, with over 2,300 radiometric anomalies defined by airborne geophysical surveys conducted by CNEA.
• Urex Energy Corporation owns a 99.8% interest in the Rio Chubut property and a 100% interest in the La Jara Mesa Extension uranium property in New Mexico.
• Urex ENERGY Corporation has a significant uranium exploration portfolio in Argentina, with a focus on developing new uranium deposits.

Statistics:

• 29 years of mining and mineral exploration experience
• 2,300 radiometric anomalies defined by airborne geophysical surveys in the Chubut Basin
• 170,000 hectares of land comprises the Rio Chubut Property
• 10 million pounds of uranium oxide produced at CNEA's Cerro Solo Uranium Deposit
• $0.92 - current price of Urex ENERGY Corporation (URXE) stock on M2 PressWIRE

Sources:

• M2 PressWIRE, October 19, 2006: "Urex Energy Corporation Announces New South American Manager"
• Urex Energy Corp. press release, October 2006
• Comision Nacional de Energia Atomica (CNEA) of Argentina, 1997: "Airborne Geophysical Surveys in the Chubut Basin"