Declaration of Dividend

RNS Number:1652B
UraMin Inc
31 July 2007

This release is not an offer to sell nor a solicitation of an offer to purchase
any securities.  The securities referred to in this release will not be
registered under the United States Securities Act of 1933, as amended, or the
laws of any state and may not be offered or sold in the United States absent
such registration or an applicable exemption from such registration
requirements.


31 July 2007


                                  UraMin Inc.

                          ("UraMin" or "the Company")

UraMin Announces Declaration of Dividend relating to Shares of Niger Uranium Limited


UraMin has declared a dividend of 0.0985388 shares in the capital of Niger
Uranium Limited (Niger Shares) or cash (in United States dollars) in lieu
thereof, per UraMin ordinary share.



The dividend is payable to shareholders of record at the earlier of 5:00PM (EST)
on July 31, 2007 and immediately before CFMM Developpement (a wholly-owned
subsidiary of Compagnie Francaise de Mines et Metaux S.A) takes up and pays for
UraMin shares tendered under its takeover bid. All UraMin shareholders will be
entitled to the dividend whether or not they have tendered their shares to the
takeover bid. CFMM Developpement will not be involved in the payment of the
dividend.



UraMin shareholders resident outside of the United States and Canada will
receive the dividend in the form of Niger Shares.



For UraMin shareholders who are in the United States, the dividend will be paid
in cash as the distribution in the form of Niger Shares may not be permitted by
applicable United States securities laws.



The dividend will be paid in cash for UraMin shareholders who are resident in
Canada, except that Canadian resident UraMin shareholders who confirm in writing
that they are "accredited investors" under National Instrument 45-106-Prospectus
and Registration Exemptions will receive the dividend in the form of Niger
Shares. Such Canadian Accredited Investors must contact Computershare Investor
Services Inc. at [phone], extension 7484, in order to receive
instructions on how to obtain, complete and submit a written declaration to
UraMin. Written declarations from such shareholders must be received prior to 5:
00 PM (Montreal time) on August 9, 2007. If a Canadian resident shareholder
holds UraMin shares through his broker or otherwise in the book-based system, he
must instruct his broker to complete such a declaration on his behalf in order
to receive the dividend in the form of Niger Shares. All Canadian shareholders
who do not provide such written declaration to UraMin prior to such time will
receive the dividend in the form of cash.



Distribution and payment of the dividend to all shareholders will be completed
on satisfaction of certain conditions precedent including the disposition of
Niger Shares to generate cash proceeds for payment to shareholders who will not
receive Niger Shares.  Pending such distribution, UraMin will place the subject
Niger Shares into escrow.



For further information:



UraMin Inc:

South Africa

Neil Herbert, Finance Director

Tel: [phone]



Canaccord Adams (Nominated Adviser)

Robin Birchall

Tel: [phone]



Forward-Looking Statements:



This press release contains statements that are "forward-looking". Generally,
the words "expect," "intend," "estimate," "will" and similar expressions
identify forward-looking statements. By their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that may
cause our actual results, performance or achievements, or that of our industry,
to differ materially from those expressed or implied in any of our
forward-looking statements.  Statements in this press release regarding the
proposed dividend and the takeover bid for the Company are "forward looking"
statements that involve risks and uncertainties.  Actual results in each case
could differ materially from those currently anticipated in such statements.



Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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